If You THINK About Taking Someone’s Golden “Pet Rock” It Would Be a “Declaration Of Financial War” - Rory Hall

Russia is not Venezuela.

I have long argued that most of Venezuela’s monetary issues are due to their unwillingness to return the gold they received from the Federal Reserve. Goldman Sachs had offered to acquire Venezuela’s gold, when the oil market began it’s slide and OPEC decided to flood the market with oil. The story line was OPEC was attacking the US shale oil market when this move actually crushed Russia and Venezuela’s oil market. Venezuela, eventually, accepted Goldman’s offer and then found themselves in a world monetary trouble. Currently, Venezuela has little physical cash, no gold and their people are starving even though the country is floating on one of the largest oil reserves on the planet.

You can’t even THINK about confiscating someone’s else gold for if you do it is considered an act of financial terrorism. But don’t worry, it’s just a pet rock, barbarous relic and it most certainly is not money!! Just ask any of the Western monetary masters and they will be happy to tell you so.

In a surprising, and unexpected warning – which seemingly came out of nowhere – Russia’s Finance Minister Anton Siluanov cautioned Washington yesterday that “ If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism.”



The comment appears to have been prompted by consideration of escalating US/EU sanctions which could ultimately impact Russia’s offshore held gold and reserves. If sanctions include the freezing of foreign accounts of the central bank, it would be equal to declaring financial war on Russia, Siluanov said, although he added that he considers such a scenario unlikely (for now).

After making the point that Russia’s budget is prepared for the possibility of tougher US/EU sanctions, RT reports that Siluanov warned if the west include the seizure of Russia’s foreign exchange reserves, it would be regarded as a “declaration of a financial war.”

According to Siluanov, the budget takes into account the risk of income shortfalls. The budget is based on oil prices at $40 per barrel, which is almost a third lower than the current price.

The budget “has a margin of safety in case of restrictions and sanctions.” It also includes losses incurred by a probable ban on investment in Russian government bonds for foreign funds. The US Treasury is currently considering such penalties.

“If we did not have a margin of safety, then it would be easy to weaken us. And then, our so-called friends would say – if you want to get help from the International Monetary Fund, you must do this and that,” said Siluanov.

If sanctions include the freezing of foreign accounts of the central bank, it would be equal to declaring financial war on Russia, Siluanov said. He added that he considers such a scenario unlikely.

As a reminder, in June, Reuters reported that soon after the Crimea reunification with Russia, the Central Bank of Russia allegedly withdrew about $115 billion from the New York Fed. After about two weeks, Russian officials reportedly returned most of the money to its Fed account. Source

WOW! As Dave Kranzler has said on a number of occasions during our Shadow of Truth conversations, countries would sooner go to war over gold than to allow gold to reveal the truth. The truth is the Federal Reserve no longer has the gold they claim to have. Try to separate a nation like Russia from their foreign accounts, monetary reserves and their gold and watch what happens. Well, actually, we were just told what would happen.

Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.

The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.