The Russian Central Bank has officially .
For the world, the economic bomb is much more powerful than the atomic bomb!
Official!!! The Russian Central Bank announces the pegging of the ruble to gold! 5000 roubles per gram.
The Russian Central Bank has officially announced that the Russian ruble will be pegged to gold at a price of 5,000 rubles per gram of gold bullion.
One ounce consists of 28 grams. 5,000 rubles per gram, or 140,000 rubles.
You are imagining it!
If the ruble is pegged to the gold price of 5,000 rubles per gram and there are 28 grams per ounce, this means that an ounce of gold will cost 140,000 rubles
Thus, Russia has destroyed 30% of the U.S. dollar in gold bullion worldwide.
All over the world, people are leaving their money in rubles and throwing it into dollars and euros.
What Russia has done is the financial equivalent of detonating a nuclear bomb.
* Did you know that the last person to try to back a currency with gold was President Muammar Gaddafi in Libya?
I believe that economists around the world are in contact with heads of state, pointing out to them that what Russia has announced will destroy the U.S. dollar and the euro, and that this will lead to the outbreak of World War III.
Let me explain why:
Today, the Russian Central Bank pegged the ruble to gold.
Russia has declared that it will sell oil and gas only in Russian rubles.
This means that Russian oil and gas are pegged to gold and the ruble
And Europe (which needs Russian oil and gas) must now buy rubles from Russia with gold or pay for oil and gas itself with gold.
Currently, the ratio of FOREX rubles to dollars is about 100:1
But ... .
if 5000 rubles are equal to one gram of gold and the price of oil is directly related to the price of gold, there will be a huge price whirl in the foreign exchange markets in terms of the amount of gold that one dollar can buy.
Foreign countries that hold dollar-denominated debt as a reserve will no longer need it as quickly and will want to dump it in favor of something more stable that has value.
This means that a country like (Japan) will start paying off its debt as soon as possible - they will switch to a more stable pool like the ruble.
This will have a strong impact on the ruble and make it more valuable over time.
The quick result is that all countries dumping their dollar reserves will bring home all the excess dollars, leading to hyperinflation worse than the current one in the US