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:
I’ve been saying this for years, We will lose this status shortly. Then the dollar will drop probably 65%. Thats what borrowing too much can do.
Way I look at the whole borrowing thing if it wasn’t for the US everybody else would be$#%&!@* guess everyone forgets this
HE can’t kill what Obama has already killed, by running the money printing machines a full bore along with reckless spending.
well that 18 trillion in debt, don’t pay it back.
There he goes again. Being awesome unlike Obama.
I hate communism and all that it stands for but at least Russia has a president that has a pair of testicles and isn’t afraid of offending anyone.
You cant expect america to stay in control forever thats not how it works with world power ,,,
Ha! And people thought Ron Paul was a joke. Audit the Fed, dismantle the IRS and stop printing money, that might help.
The Communist Cult very similar to America holds the Gold Currency.Is there any freedom from cults of necromancy,mind control,and brainwashing by no real ownership,no equality?
There have been NO DECLARED WARS involving the usa since WW2.
Remember that FACT.