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:
LOL, the Federal Reserve Notes are going away, We are already schedueld to replace it with real money.
PUTIN WE NEED NO ONE! NO ONE ELSES RESOURCES AND NOTHING FROM STARVING RUSSIA ESPECIALLY! SOCIALISM IS DEAD GOT IT!
Keynesian economics, of which the fiat currency allows. I doubt that all but a handful are aware of the monetary system and its effects.
The Federal Reserve is not a government branch, it is a central bank owned by about 12 men, primarily by the Rothschilds family…..most people think our money is still backed by silver and gold, but not so.
THATS WHY THE GLOBALIST ARE FIGHTING TRUMP, HE HAS SAID THAT WOULD BE THE BEST THING FOR AMERICA TO DO……THAT IS WHAT JFK WAS DOING, HE HAD BEGUN HAVING THE MINT PRINT MONEY AGAIN WITH SILVER CERTIFICATE PRINTED ON IT INSTEAD OF FEDERAL RESERVE NOTE…WHEN HE WAS ASSASSINATED IT WAS IMMEDIATELY DESTROYED
John Odden
Sounds like a plan, at least some one has one
Thank you Obama for sending gold bullion to Iran
I remember when the Democrats and Nixon took US off the Gold and Silver Standard back in 1972. shortly thereafter the prices of everything started going up and they haven’t stopped. This is why Andrew Jackson, when he was President didn’t allow congress to take US of the Gold And Silver Standard back in the 1800’s.
Who will invest in Russia who gets 80 percent of its GDP from oil? Not I.