‘The Dollar Will Die with a Whimper’, A System Reset Is Imminent, Russia China Have Been Accumulating Enormous Amounts Of Gold, Positioning Themselves For The Next Phase Of The Global Financial System

This is not the first time the gold standard has been seen as the ultimate cure for Russia’s economic

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 problems. In September 1998, the noted economist Jude Wanninski predicted in a far-sighted essay for The Wall Street Journal that only a gold ruble would get the the country out of its then-debt crises. It was upon taking office about two years later, in May 2000, that President Putin embarked upon the country’s massive gold-buying campaign. At the time, it took twenty-eight barrels of crude just to buy an ounce of gold. The gold-backed ruble policy of those years was adopted to successfully pay down the country’s external debt.

As a pro-gold stance is, essentially, anti-dollar, speculation about how the US would react raises the question of whether an all-out currency war would follow. The West would have to keep Russia regionally and militarily marginalized, not to mention kept within the confines of the Fed, the ECB, and the Bank of England

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 (BOE).

Nor is that prospect too far-fetched. As Dutch author Willem Middelkoop has written in his 2014 book The Big Reset: War on Gold and the Financial Endgame,

A system reset is imminent. Even before 2020 the world’s financial system will need to find a different anchor. … In a desperate attempt to maintain this dollar system, the United States waged a secret war on gold since the 1960s. China and Russia have pierced through the American smokescreen around gold and the dollar and are no longer willing to continue lending to the United States. Both countries have been accumulating enormous amounts of gold, positioning themselves for the next phase of the global financial system.

http://mises.org/library/russia-planning-gold-based-currency

Why the dollar may not be all-powerful. It’s losing value 1972: Dollar removed from gold standard

http://goldsilver.com/news/the-decline-of-the-dollar/

Read more at InvestmentWatch:

http://investmentwatchblog.com/the-dollar-will-die-with-a-whimper-a-system-reset-is-imminent-russia-and-china-have-been-accumulating-enormous-amounts-of-gold-positioning-themselves-for-the-next-phase-of-the-global-financial/