The U.S. dollar can expect to take a pounding if Russian President Vladimir Putin carries out what appears to be a conversion of Russian currency to a gold-based standard.
Just this past September, Russia added another 1.1 million ounces of gold to it’s reserves, increasing the total amount of gold it possesses to a whopping 43.5 million ounces.
This theory is given even more credence by the fact that the massive country has added a combined total of 2.51 million ounces of gold to it’s holdings, marking the biggest gold reserve increase within a three-month timeframe in Russian history.
Check out the next page to see the increase in Russian gold reserves for yourself:
Then move to Russia
You nailed it, Bob Bick. Imagine if our National Debt was just half of what it is. We wouldn’t ever have to sweat a Russian or Chinese gold standard. Our debt serving would be cut in half, and our chdren would have a future. Forget Sanders. Reject ANY political hack who bases their entire platform on what they plan on spending. Vote for the candidate who believes as Reagan did that the best type of government is the government that has the smallest footprint.
Happy to see some people know what they are talking about.
Putzski’s treasury has about run dry. After following the Head Bolshevik’s antics for the past several years, I wouldn’t be surprised to see him start building Pirate ships to ply the oceans. Most who are knowledgeable in International Financing have said that Putzski is worth north of 100 Billion. The Russian People must really love the Wizard…..
Michael Nava Omar Nava
And our government printing money that we have to keep borrowing to prop up ours .
That’s what got Gadhafi killed.
F**k that crazy liberal… bernie WILL NOT GET ELECTED……
No news there
Putin propose a new baking system for them and including China India Brazil and South Africa overlapping their markets to increase the value of all of their currencies over time… And being that Russian and Chinese hackers steal personal information about American financial information …the Russian ruble is 76 to one US dollar