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Skyrison 6 points ago +7 / -1

the u.s shot themselves in the foot on this...big time. also, europe wasnt going to do the sanctions at first, but the united states probably did some promising to the EU saying "i got yo back" when they really dont...

get ready ;) hope your anus is prepared

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HolyBaloneyTony 2 points ago +3 / -1

The country that controls the EU is Germany and the same people who control the US also control Germany. US = EU = UN = NATO = WHO

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Mad_King_Kalak 2 points ago +4 / -2

Hmm, a little premature.

[edit: Don't they just swap Euros for Rubles, pay for the gas, and the Russians then swap the Rubles for whatever?. Everything is the same as before, but the middleman accountants doing the exchange get a transaction fee or some such]

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Zap_Powerz [S] 5 points ago +5 / -0

Yes, its not totally dead yet, its just mostly dead.

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deleted 4 points ago +4 / -0
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deleted 2 points ago +4 / -2
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BuckeyePatr1ot 0 points ago +1 / -1

This is retarded. The two big holes in this hopeful scenario is:

  1. You can't redeem for gold
  2. Gold pushed down will push doen the ruble, causing a run on oil when Chindia buys oil from Russia.

Gold will be slammed immensely, for the very last time, since the dollar is catapulting and EM currencies are blowing up (Yen, Sri Lankan)

Yen has to devalue against dollar, or it'll blow up the Nikkei - forcing a competitive devalue for the Yuan exporting deflation to the world, blowing the dollar up even higher before it all implodes.

Dollar will be the last currency standing.

-2
TardedButNotDeparted -2 points ago +2 / -4

Ruble is not backed by gold.

Stop your bullshit lying.

This lie was circulating Reddit as well. Where the fuck is it coming from?

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sharks_n_colorado 5 points ago +5 / -0

Russia Just Told Us The Ruble is Implicitly Backed by Gold and Bitcoin

Is this Russian disinformation, propaganda or misinformation?

-1
TardedButNotDeparted -1 points ago +1 / -2

ZeroHedge is full of shit. Even Russian citizens are saying is a completely made up title.

At no point did Russia offer to give away gold for rubles. They are not SELLing any gold.

To be backed by gold, means you can trade shit paper money for gold at the bank.

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cxivv 3 points ago +3 / -0

Russia and China have been buying gold for years now? it's not that they are now backed by gold but they do have the gold

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TardedButNotDeparted 0 points ago +1 / -1

Yes. But their shit paper currency is NOT "backed by gold". You can't go to a bank and trade your rubles for gold.

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cxivv 1 point ago +1 / -0

That is true, still they bought tonnes of actual gold. Western nations have been selling gold like there was no tomorrow while banks were selling and buying paper gold as if it were cakes keeping the prices low.

At some point someone is going to demand their gold and there won't be any gold I think this is already the case as you have to wait months to get your order of the metal.

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ZyklonBen -4 points ago +1 / -5

You don't even know what the word Petrodollar means.

So much ignorance.