Power of Story
Send a Tweet        
- Advertisement -

Share on Google Plus 1 Share on Twitter 3 Share on Facebook 5 Share on LinkedIn Share on PInterest Share on Fark! 1 Share on Reddit Share on StumbleUpon 1 Tell A Friend 2 (13 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   9 comments
General News

Is Russia trying to Short the Dollar by Buying Gold?

By   Follow Me on Twitter     Message Scott Baker     Permalink
      (Page 1 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; ; , Add Tags  (less...) Add to My Group(s)

Supported 6   Well Said 5   News 3  
View Ratings | Rate It

opednews.com Headlined to H2 1/26/15

Become a Fan
  (81 fans)

Gold Bars: Enough to save a country?
(Image by Shutterstock stock photo)
  Permission   Details   DMCA
- Advertisement -
br />

Several recent articles breathlessly proclaim Putin's "Grand Strategy" of countering the West's -- particularly America's -- attempt to crush the Russian Ruble by flooding the market with cheap oil, is to buy up physical gold in record amounts.

This article, translated from the Russian original source: Investcafe, describes, accurately, how conventional military action against Russia will fail, as all other attacks against the "Bear" have failed in the past, and that nuclear preemptive strikes will also fail to take out enough of Russian counter-response capability, and that retaliation, possibly including other countries in Asia, will simply annihilate most life on Earth equally.

- Advertisement -

The article notes that America's favorite tool of "color revolutions" will not work as it has in smaller and much weaker countries like Libya, Georgia, and most recently (though not talked about in this article) Ukraine (still ongoing).


Color Revolutions are a favorite tool of Western powers to change regimes
(Image by stratrisks.com)
  Permission   Details   DMCA

- Advertisement -

It concludes then that there will only be a currency war (perhaps somewhat naively and optimistically) and that:

The Western economic establishment can see and understand the essence of the situation. Leading Western economists are certainly aware of the severity of the predicament and hopelessness of the situation the Western world finds itself in, in Putin's economic gold trap. After all, since the Bretton Woods agreements, we all know the Golden rule: "Who has more gold sets the rules." But everyone in the West is silent about it. Silent because no one knows now how to get out of this situation.

If you explain to the Western public all the details of the looming economic disaster, the public will ask the supporters of a petrodollar world the most terrible questions, which will sound like this:

How long will the West be able to buy oil and gas from Russia in exchange for physical gold?
And what will happen to the US petrodollar after the West runs out of physical gold to pay for Russian oil, gas and uranium, as well as to pay for Chinese goods?

- Advertisement -

No one in the West today can answer these seemingly simple questions.

And this is called "Checkmate", ladies and gentlemen. The game is over.

Next Page  1  |  2

 

- Advertisement -

Supported 6   Well Said 5   News 3  
View Ratings | Rate It

http://newthinking.blogspot.com/

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Obama Explains the FEMA Camps

Was Malaysian Flight MH370 Landed Safely in Afghanistan?

Let the Sun Shine on a State Bank in Florida

Batman, The Dark Knight Rises...and Occupy Wall Street Falls

The Least Productive People in the World

Detroit is Not Broke!