Russia raises key interest rate to 17% amid rouble decline

[Publicus]

Putin May End Ruble Crisis By Taking Russia Onto the GOLD STANDARD!

This isn't news. It isn't anything. Here's a same report from 2009

Russia backs return to Gold Standard to solve financial crisis

Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.

By Ambrose Evans-Pritchard

29 Mar 2009

http://www.telegraph.co.uk/finance/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html

The only thing presently new from then is that Russia is hardly a major country any more.

Edited December 20, 2014 by Publicus

[Pakboong]

Putin May End Ruble Crisis By Taking Russia Onto the GOLD STANDARD!

This isn't news. It isn't anything. Here's a same report from 2009

Russia backs return to Gold Standard to solve financial crisis

Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.

By Ambrose Evans-Pritchard

29 Mar 2009

http://www.telegraph.co.uk/finance/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html

The only thing presently new from then is that Russia is hardly a major country any more.

No doubt this is his play but I have many doubts as to its success. The entire world will focus against him. Russia, China and India now hold the lions share of above ground gold. A gold backed currency and accepting payment for any thing Russian, Chinese or Indian in gold or gold backed currency is what he is after. It will be interesting.

[Asiantravel]

Putin May End Ruble Crisis By Taking Russia Onto the GOLD STANDARD!

This isn't news. It isn't anything. Here's a same report from 2009

Russia backs return to Gold Standard to solve financial crisis

Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.

By Ambrose Evans-Pritchard

29 Mar 2009

http://www.telegraph.co.uk/finance/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html

The only thing presently new from then is that Russia is hardly a major country any more.

No doubt this is his play but I have many doubts as to its success. The entire world will focus against him. Russia, China and India now hold the lions share of above ground gold. A gold backed currency and accepting payment for any thing Russian, Chinese or Indian in gold or gold backed currency is what he is after. It will be interesting.

" It will be interesting "

Russia’s Proposed Interbank System Threatens Global Economy

A few weeks ago, Russia announced its intention to launch an alternative to SWIFT by May 2015. Russia’s new interbank system would dominate transactions in roubles, with conversion to and from U.S. dollars at either end. For example, an Iranian government agency could use dollars to buy roubles, transmit them via the Russian system, and have them paid to a supplier in Europe who then converted them back to dollars.

http://thesovereigninvestor.com/economic-collapse-2/russias-proposed-interbank-system-threatens-global-economy/

[mania]

No doubt this is his play but I have many doubts as to its success. The entire world will focus against him. Russia, China and India now hold the lions share of above ground gold. A gold backed currency and accepting payment for any thing Russian, Chinese or Indian in gold or gold backed currency is what he is after. It will be interesting.

I would say those that control Central banking will/are as always against

any threats to their control/domination....Libya/Iraq at one point....were threats

Iran remains a threat & is being worked on...All threatened to go off/not take part in the "system"

Funny to think that when envisioning WWIII most think Nuclear strikes

Perhaps due to MAD it will instead be something more "interesting"?

But as always those who are truly the aggressors are often mistaken for

some sort of savior/good guy/winner

Edited December 21, 2014 by mania

[klikster]

Interesting -- 17% was the interest rate for large fixed deposits one could get at a Thai bank just before the crash of '97.

Edited December 21, 2014 by klikster

[theguyfromanotherforum]

Does America have any friends left? It seems like Chinese are backing up rouble big time and it is recovering nicely.

[thailiketoo]

Does America have any friends left? It seems like Chinese are backing up rouble big time and it is recovering nicely.

Down 50% YTD.

[mania]

USD/RUB close:52.58150 low:32.61047 high:74.60780

This is the current close & the 12/25/13 to 12/25/14 range of the USD/Ruble

Edited December 25, 2014 by mania