Russia Backs Ruble with Gold, Gas and other Commodities Signaling the Death of the Petrodollar!
We are witnessing a paradigm shift in the world economy and the Western media is either clueless or simply isn’t reporting on it (my guess is the latter) as they always lie by omission.
So what does this mean for the Western nations like the EU and the USA? Well for starters it means that Russia has their Ruble back up to pre-invasion levels and now that their currency is BACKED UP BY GOLD and other commodities, the world will start flocking to the Ruble as it will be one of the worlds only stable currency! Russia has a ton of gas and oil to sell to the world markets and even Saudi Arabia may start taking payments in the Chinese Yuan as reported HERE by the Wall Street Journal.
So what does this mean for the Ruble and other currencies? Here are some answers from Ronan Manly over at Bullionstar.com.
What does this mean for the Ruble?
Linking the ruble to gold via the Bank of Russia’s fixed price has now put a floor under the RUB/ USD rate, and thereby stabilized and strengthened the ruble. Demanding that natural gas exports are paid for in rubles (and possibly oil and other commodities down the line) will again act as stabilization and support. If a majority of the international trading system begins accepting these rubles for commodity payments arrangements, this could propel the Russian ruble to becoming a major global currency. At the same time, any move by Russia to accept direct gold for oil payments will cause more international gold to flow into Russian reserves, which would also strengthen the balance sheet of the Bank of Russia and in turn strengthen the ruble.
Talk of a formal gold standard for the ruble might be premature, but a gold-backed ruble must be something the Bank of Russia has considered.
What does this mean for Other Currencies?
The global monetary landscape is changing rapidly and central banks around the world are obviously taking note. Western sanctions such as the freezing of the majority of Russia’s foreign exchange reserves while trying to sanction Russian gold have now made it obvious that property rights on FX reserves held abroad may not be respected, and likewise, that foreign central bank gold held in vault locations such as at the Bank of England and the New York Fed, is not beyond confiscation.
Other non-Western governments and central banks will therefore be taking a keen interest in Russia linking the ruble to gold and linking commodity export payments to the ruble. In other words, if Russia begins to accept payment for oil in gold, then other countries may feel the need to follow suit.
Look at who, apart from the US, are the world’s largest oil and natural gas producers – Iran, China, Saudi Arabia, UAE, Qatar. Obviously, all of the BRICS countries and Eurasian countries are also following all of this very closely. If the demise of the US dollar is nearing, all of these countries will want their currencies to be beneficiaries of a new multi-lateral monetary order. You can read the rest of Ronan’s analysis by CLICKING HERE.
Folks we are witnessing the END OF THE DOLLAR AS WE KNOW IT! We all need to prepare for a TOTAL ECONOMIC COLLAPSE of America (aka mystery babylon) at any moment! The Bible puts it this way…
And the kings of the earth, who committed sexual immorality and lived in luxury with her, will weep and wail over her when they see the smoke of her burning. 10 They will stand far off, in fear of her torment, and say,
“Alas! Alas! You great city,
you mighty city, Babylon!
For in a single hour your judgment has come.”
It won’t be pretty and it will be happening VERY SOON! As soon as the markets open tomorrow, 4-4-22 I would expect some major chaos as the news about Russia and the Ruble make the headlines. They can’t ignore it forever. Russia has now cut off Germany and the UK from Russian natural gas as they refused to pay in Rubles and the UK has sanctioned Russia’s Gazprom bank so that technically the UK can’t even legally buy gas from Russia no matter what they do! Talk about shooting themselves in the foot and you can bet that was/is part of the plan. The West is now destined to be destroyed.
Here is a very good video from BP Earthwatch on the subject. God bless and stay ready, the West is about to collapse!
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