- RUSSIA PLANS TO UNLEASH GOLD-BASED CURRENCY: Gold Soars To $1,817 As Gold Futures Surge Another $57 And Silver Hits $23
It appears Russia plans to unleash a gold-based digital currency and it is causing major moves in currency and metals markets.
Winter In Central Europe And For The Dollar
December 1 (King World News) – Alasdair Macleod: In this article I examine the current state of the fight for hegemonic control between America on the one side, and Russia and China on the other. It is being fought on two fronts. Ukraine, the one in plain sight, is about to endure a winter without power and adequate food potentially leading to a humanitarian crisis.
The other front is financial with America facing a coordinated attack by Russia and China on its dollar hegemony. The Russians are planning a replacement trade settlement currency, which if it succeeds, could unleash a flood of foreign-owned dollars onto the foreign exchanges.
We have no way of knowing how advanced this plan is, but the indications point perhaps to a gold-based digital currency. Moscow establishing a new gold exchange, Asian central banks accumulating additional gold reserves, and Saudi Arabia seeking non-dollar payments for oil sales are all circumstantial evidence.