There’s consideration being given to backing the ruble with gold and this appears inevitable…
London Paul on Palisades Gold Radio
Tom welcomes Paul of The Sirius Report to debate the short-sighted insurance policies which might be driving up the prices of most commodities. The Europeans are discovering they’ve few alternate options to Russian oil and fuel. Nordstream 2 would have doubled the quantity of power accessible to Germany, however they as a substitute determined to create their issues. The inexperienced revolution introduced its personal issues; together with lowering the most effective inexperienced power, nuclear. Wind and photo voltaic include their very own issues together with most panels come from China. Logically, Europe can’t divest from Russian power in a short time or maybe in any respect.
In a way, we now have a petro-ruble, and Russia could start promoting its different commodities for Rubles. There’s consideration being given to backing the ruble with gold and this appears inevitable. More and more, world commerce is being carried out in non-dollar phrases.
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