Attached: Widescreen_Flag_of_Russia_021276_.jpg (2560x1600, 985.72K)
RUSSIA IS RETURNING TO GOLD STANDARD
Leo Powell
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Colton Wood
brainlet here what does this mean?
Easton Ward
and it will remain a third world shithole
Julian Roberts
oh yeah that's gonna make their factories produce things from nothing
Gabriel Phillips
Seething French how's the gas price high enough yet
Carson Jackson
yeah didn't Any Forums notice like a year and a half ago that they were stockpiling gold? i haven't heard anything about that since.
it means that the ruble will be stabilized and no longer subject to extreme volatility caused by bond markets, which are going haywire because of sanctions.
Nolan Jenkins
>brainlet here what does this mean?
that the russian economy is now worth less than the russian gold reserves so they try to say they will exchange rubles for gold at the current rate (which is a lie) to prevent their money from crashing even more
france has nuclear reactors leaf, we're not gonna suck the dick of a bolshevik KGB agent for cheaper energy bills we're not subhumans
Brandon James
Nice link.
Samuel Williams
They sold of most of their USD in 2018 and bought gold. This is not new.
Dylan Martinez
currency valuation directly related to the price of gold
Mason Scott
How's life there have the sanctions changed anything for you?
Alexander Taylor
>yeah didn't Any Forums notice like a year and a half ago that they were stockpiling gold?
Putin has been buying gold for at least a decade, probably closer to two decades at this point
Aaron Wilson
They will never let that happen
Gavin Walker
Explains why globohomo Marxist nazis in Ukraine and Biden admin are panicking out kekek
Based Putin bro
Samuel Kelly
Who is "they"? And it's happening whether they, whomever that is, like it or not
Joseph Jenkins
Russia has $100 billion in gold reserves. That's less than half of Elon Musk's net worth. If they did that their currency would become Zimbabwe tier.
Wyatt Richardson
>american funny money globohomo zogbucks vs real tangible assets
One is not like the other.
Brayden Davis
Based.
Fuck kikes.
Fuck globohomo.
Fuck jewdollar.
Liam Green
(((They)))
Tyler Turner
The US has 4x more gold reserves than Russia, so even by your metric they're still fucked.
Brandon Taylor
it means ww3 incoming, this happened once before
Luis Gomez
It's been several years in the making. Swapping US treasuries for gold for years knowing he would eventually pull this off.
Christopher Thomas
what? sauce me up on that one. The consensus is that Fort Knox has been empty for decades
Jonathan Bailey
>no more government printing money by default to devalue the money you have
>no more intentional inflation
>no more "stimulus"
>no more massive bailouts
>no more "big company stocks have to always be going up so we'll just print more money to make sure they go up"
Joshua Wilson
Owen Hernandez
good.
Anthony Taylor
Checked not since Ghaddafi BIOTCH
Chase Harris
makes sense, they are also returning to stone age
William Harris
$3.90 in Virginia. Last week it was $3.40.
Bentley Hernandez
when will banan standard be enforced
Juan Cruz
>four times more gold
They have that much gold on paper only. That gold doesn't actually exist, user and even if it did, what good is it in America when we don't use it for anything but a IOU racket?
Easton Lopez
>Russia has $100 billion in gold reserves. That's less than half of Elon Musk's net worth
You mean his shitty fake car company with a PE ratio through the roof that is apparently worth more than all the other car manufacturers combined despite selling only a fraction of what they sell? Right
Brody Wilson
>most of their USD in 2018
they still had enough where the SWFT ban and sanctions will hurt. going insular is death to a economy wtf their money is backed with won't matter
Samuel Brown
The gold standard is a dead system - gold has very little use besides looking pretty and being a token of value.
Crypto has somewhat replaced the value token aspect of gold, but if a country wanted to have a geological stockpile of something that has a plethora of actual practical uses they should go all in on lithium.
Mason Harris
>en.wikipedia.org
>trust the science
Gabriel Evans
Not sure if I could trust it tbqh
Brayden Price
Why not palladium standard? Wouldn't that make more sense?
Jordan Mitchell
>nationalization is death to a economy
This is Jew thinking.
Joshua Collins
Christopher Brown
when the electricity goes off, the bitcoin won't work.
Jace Foster
1oz of gold is worth about 220,000 rubles. what kind of fucking clown economy was going on over there to begin with
>yes comrade, my house is worth 10 trillion rubles