Publicus Posted December 20, 2014 Share Posted December 20, 2014 (edited) 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 1 Link to comment Share on other sites More sharing options...
Pakboong Posted December 21, 2014 Share Posted December 21, 2014 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. Link to comment Share on other sites More sharing options...
Asiantravel Posted December 21, 2014 Share Posted December 21, 2014 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/ 1 Link to comment Share on other sites More sharing options...
mania Posted December 21, 2014 Share Posted December 21, 2014 (edited) 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 2 Link to comment Share on other sites More sharing options...
klikster Posted December 21, 2014 Share Posted December 21, 2014 (edited) 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 Link to comment Share on other sites More sharing options...
theguyfromanotherforum Posted December 25, 2014 Share Posted December 25, 2014 Does America have any friends left? It seems like Chinese are backing up rouble big time and it is recovering nicely. Link to comment Share on other sites More sharing options...
thailiketoo Posted December 25, 2014 Share Posted December 25, 2014 Does America have any friends left? It seems like Chinese are backing up rouble big time and it is recovering nicely. Down 50% YTD. Link to comment Share on other sites More sharing options...
mania Posted December 25, 2014 Share Posted December 25, 2014 (edited) 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 Link to comment Share on other sites More sharing options...
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