Grandmaster Putins Golden Trap by Dmitry Kalinichenko November 23, 2014 Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future. No matter how strange it may seem, Putin is selling Russian oil and gas only for physical gold. Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold! In 1971, US President Richard Nixon closed the gold window, ending the free exchange of dollars for gold, guaranteed by the US in 1944 at Bretton Woods. In 2014, Russian President Vladimir Putin has reopened the gold window, without asking Washingtons permission. 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 - Putins 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 horrific questions, which will sound like this: (1) How long will the West be able to buy oil and gas from Russia in exchange for physical gold? (2) 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? No one in the west today can answer these seemingly simple questions. And this is called Checkmate, ladies and gentlemen. The game is over. - by Dmitry Kalinichenko gold-eagle/ar…/grandmaster-putins-golden-trap
Posted on: Sat, 29 Nov 2014 18:23:01 +0000
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