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overtheedge
Member since May 2012
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Russia’s monetary solution

- Alasdair Macleod - Finance and Eco.

Sooner or later bullies get waylaid. A baseball bat always get their attention.
When you decide to play economic warfare it is always a good idea to remember, "he who holds the gold, makes the rules".
Play ball by the rules or find that bat shoved up your ... .
The US and the EU will find that Putin and Co. can play a mean Louisville Slugger with the best of them.
To paraphrase Mark Twain, "It isn't the size of the man in the fight, it is the size of the fight in the man".
The US and EU broke the rules by shutting Russia out of SWIFT and imposing economic sanctions on private citizens over Ukraine.
If the US and EU will do it to Russian citizens, what will they do to their own citizenry?
What have they already done to our currency?
Trust; so hard to gain, so easy to lose.

It might be a good idea to reacquaint ourselves with the "Law of Causality" and the "Law of Unintended Consequences".
After all, if you can't figure out how to get out of and stay out of debt, maybe you shouldn't have access to financial instruments.

Commented 3427 days ago

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Beginning of the headline :The hypothesis that follows, if carried through, is certain to have a significant effect on gold and the relationship between gold and all government-issued currencies. The successful remonetisation of gold by a major power such as Russia would draw attention to the fault-lines between fiat currencies issued by governments unable or unwilling to do the same and those that can follow in due course. It would be a schism in the world's dollar-based monetary order.Russia has made plain her overridin... Read More

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