US Sanctions Risking systemic collapse
Gesara.news » » US Sanctions Risking systemic collapseDate: March 2, 2022
Russia could ask for rubles or gold in exchange for energy. If that occurred Europe would have little choice. The real leverage in the Petrodollar system is on the 'petro' side.
It will be interesting to see how this develops. If energy payments begin moving outside of the SWIFT system, then the Petrodollar will be severely damaged.
Regardless, it's going to be disruptive and we're going to see additional problems. Very likely we will see further money printing and more stagflation.
The United States' attempts to simultaneously take on both Russia and China is a bad idea. We're forcing the two of them together while Europe is trying to play both sides. This situation will end with China and Russia gaining status.
Russian citizens have also been buying gold. This crisis will hurt their citizens, but this isn't Russia's first rodeo. The fact that Putin has done this either means he's lost his mind or he has a plan and found a window of opportunity.
We could see serious spillover effects on bonds and real yields.
The United States can't afford higher rates, and they can't remove Russia's oil without destroying their own markets.
We could see big changes should Russia use their gold as leverage. Possible scenarios that could occur should gold be revalued.
Starlink is awesome for RVElon Musk's recent comment on Twitter:
Starlink is awesome for RV's, camping or any activity away from cities...
RV stands for Recreational Vehicle.
RV also stands for the Revaluation of currencies.
Ironically, Donald Trump made RV hints in a Rose Garden news conference in 2020, revealing he wants to drive around town in an RV, back to New York, with the First Lady, cracking jokes after forgetting what an RV is.
Sources: twitter.com, youtube.com
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Iran, Russia planing the token of the Persian Gulf backed by goldIran and Russia want to issue a new stablecoin backed by gold.
The potential stablecoin aims to enable cross-border transactions instead of fiat currencies like the U.S. dollar, the Russian ruble or the Iranian rial.
The "token of the Persian Gulf region" would serve as a payment method in foreign trade.
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Switching to gold standardDeutsche Bank's top credit strategist Jim Reid has described himself as "a gold bug," and reckons "fiat money is a passing fad in the history of money," RT's Keiser Report recalls for the show's viewers.