Just a friendly reminder: Elvira Nabiullina took part in this 2017 WEF document on the challenges of cyber attacks, in which they wrote about the "systemic risks", considering cyber attacks "the single most important risk to the current financial services system" and, of course, advocated for a "public private cooperation to prevent cyber-attacks". She was part of the Steering Committee and a steward of "the System Initiative on Shaping the Future of Financial and Monetary Systems": https://www3.weforum.org/docs/WEF_Cyber_Risk_to_Customer_Data.pdf
Many pundits inverted Russia's bid for Gold at 5000 rubles/gram as supporting the ruble with gold. But obviously if the ruble falls and makes it a bad deal for gold sellers, then no trades occur..so where is the support? An offer to buy gold at a fixed price was putting a floor on gold, in rubles. It does nothing to support the rubble. In reality this offer was always just providing an alternate means for Europe to pay for oil/gas.
1944 Bretton woods, with the cooperation of all the large economies in the world, the US being the biggest by far, the US having he largest military and international organizations to support it (IMF, world bank) failed in just 27 years.
A fixed gold backing, to function, requires the central bank to be willing to buy gold with their currency when the relative gold price is too low, and sell gold for their currency when the relative gold price is too high. If world gold demand increases more than the demand for your currency it requires servicing that demand with your gold reserves, or letting the peg break. How long could a gold peg last given that Russia is a smaller economy and larger hostile economies would weaponize the peg to drain their gold reserves? To enact a gold peg would be foolish.
They are best off free floating their currency, requiring payment in rubles for gas exports, holding their gold as a wealth reserve, and waiting for the LBMA to fail and physical price discovery to correctly value their reserves.
So, how many times and for how long will Putin worshipers be fooled? Answer: forever. They have long given up the ability to think critically. Thanks once again, Riley!!
This reminds me of those "top scientists" who speak out against the con-vid vaccines, yet love to proclaim how they're pro vaccine. There's many of us that looked into the past and questioned the vaccines that we got that were "safe and effective", finding that they too have issues and are not effective.
But the cheerleaders love false heroes.
Oh a nice tidbit to add... I do want assange to be free as he is innocent. However, even he pushed against investigation of the official story around 911 in multiple interviews.
Edward snowden was also not interesting in challenging the official story. But he did give us the fear of surveillance, which is a part of the game; keep people afraid.
More false heroes with people believing in 5d chess.
WHile I despise digital currency for many reasons, I don't think much of gold/silver-backed currency either, which is as corruptible as fiat but in different ways, it's only real value being that it is easier to digitally "create" ten jillion fiat dollars with a computer network than it is by hiding or debasing metal currency as well as metal-backed currency when the metal plays hide'n'seek musical chairs in various inaccessible gov/bank vaults around the globe.
Perhaps a currency based on ergs, calories, joules, what have you, as well as other basic resources, will prevail when the smoke has cleared from this megacollapse.
"I guess bartering for goods will return with a vengeance."
So what is going on? This is schizophrenic. The biggest robbery ever and the ultimate betray?
From the actual developments and what we know, it sounds logical that Russia and China stole and took over the agenda from the Cabal with first OBOR and then the hypersonic weapons.
Is Putin playing a double game with Nabiullina "playing along" with the IMF pretending she is 100% a IMF lapdog or what? Its confusing.
But so far the Russian population rejected the QR code in transport.
Is Russia outside the international state system or is China? Can any national government be independent of the the Global Mafia with her two totalitarian arms of Leninism or Fascism? Technocracy was baked into the cake by WW1.
Berdyaev writes on this subject in the 30's and 40's.
Likely we have no grasp of actual history and properly should be skeptical of narratives. Bolshevism was banditry. Do bandits surrender power? Is the Russia after Bolshevism a legitimate state or a bandit state? Is the dissolution of the USSR actual or merely verbal disguising of more banditry? But writ large, is any state not a bandit state? England say, or the Ukraine
This may sound paranoid but I’m going to put it out there anyway. Is everything that happens around the world, including this Ukraine Russia conflict , staged? Could the wealthiest transnational oligarchs pull that off? Or are there several totalitarian groups of oligarchs working side by side that sometimes clash with each other? China, Russia, The West (USA)
“The digital ruble will be used in the implementation of government programs, this will allow more efficient tracking of the use of funds, said Central Bank Chairman Elvira Nabiullina in the State Duma.
This is the final nail in the Great Reset’s coffin. Schwab is sweating bullets.”
Doesn’t Schwab approve of digital currency? Why does Edward say this is the final nail in reset coffin? On the contrary it sounds like Russia is on board with the great reset.
Just a friendly reminder: Elvira Nabiullina took part in this 2017 WEF document on the challenges of cyber attacks, in which they wrote about the "systemic risks", considering cyber attacks "the single most important risk to the current financial services system" and, of course, advocated for a "public private cooperation to prevent cyber-attacks". She was part of the Steering Committee and a steward of "the System Initiative on Shaping the Future of Financial and Monetary Systems": https://www3.weforum.org/docs/WEF_Cyber_Risk_to_Customer_Data.pdf
Many pundits inverted Russia's bid for Gold at 5000 rubles/gram as supporting the ruble with gold. But obviously if the ruble falls and makes it a bad deal for gold sellers, then no trades occur..so where is the support? An offer to buy gold at a fixed price was putting a floor on gold, in rubles. It does nothing to support the rubble. In reality this offer was always just providing an alternate means for Europe to pay for oil/gas.
1944 Bretton woods, with the cooperation of all the large economies in the world, the US being the biggest by far, the US having he largest military and international organizations to support it (IMF, world bank) failed in just 27 years.
A fixed gold backing, to function, requires the central bank to be willing to buy gold with their currency when the relative gold price is too low, and sell gold for their currency when the relative gold price is too high. If world gold demand increases more than the demand for your currency it requires servicing that demand with your gold reserves, or letting the peg break. How long could a gold peg last given that Russia is a smaller economy and larger hostile economies would weaponize the peg to drain their gold reserves? To enact a gold peg would be foolish.
They are best off free floating their currency, requiring payment in rubles for gas exports, holding their gold as a wealth reserve, and waiting for the LBMA to fail and physical price discovery to correctly value their reserves.
So, how many times and for how long will Putin worshipers be fooled? Answer: forever. They have long given up the ability to think critically. Thanks once again, Riley!!
What is the general Russian public sentiment there about CBDCs, Riley? Are the people raising their collective eyebrow? Они настроеньи скептически?
This reminds me of those "top scientists" who speak out against the con-vid vaccines, yet love to proclaim how they're pro vaccine. There's many of us that looked into the past and questioned the vaccines that we got that were "safe and effective", finding that they too have issues and are not effective.
But the cheerleaders love false heroes.
Oh a nice tidbit to add... I do want assange to be free as he is innocent. However, even he pushed against investigation of the official story around 911 in multiple interviews.
Edward snowden was also not interesting in challenging the official story. But he did give us the fear of surveillance, which is a part of the game; keep people afraid.
More false heroes with people believing in 5d chess.
The amount of wishful thinking is ridiculous.
Putin doesn't want to end up like Qaddafi. All who threaten to return to the gold standard are targeted with destruction.
WHile I despise digital currency for many reasons, I don't think much of gold/silver-backed currency either, which is as corruptible as fiat but in different ways, it's only real value being that it is easier to digitally "create" ten jillion fiat dollars with a computer network than it is by hiding or debasing metal currency as well as metal-backed currency when the metal plays hide'n'seek musical chairs in various inaccessible gov/bank vaults around the globe.
Perhaps a currency based on ergs, calories, joules, what have you, as well as other basic resources, will prevail when the smoke has cleared from this megacollapse.
"I guess bartering for goods will return with a vengeance."
So what is going on? This is schizophrenic. The biggest robbery ever and the ultimate betray?
From the actual developments and what we know, it sounds logical that Russia and China stole and took over the agenda from the Cabal with first OBOR and then the hypersonic weapons.
Is Putin playing a double game with Nabiullina "playing along" with the IMF pretending she is 100% a IMF lapdog or what? Its confusing.
But so far the Russian population rejected the QR code in transport.
Is Russia outside the international state system or is China? Can any national government be independent of the the Global Mafia with her two totalitarian arms of Leninism or Fascism? Technocracy was baked into the cake by WW1.
Berdyaev writes on this subject in the 30's and 40's.
Likely we have no grasp of actual history and properly should be skeptical of narratives. Bolshevism was banditry. Do bandits surrender power? Is the Russia after Bolshevism a legitimate state or a bandit state? Is the dissolution of the USSR actual or merely verbal disguising of more banditry? But writ large, is any state not a bandit state? England say, or the Ukraine
This may sound paranoid but I’m going to put it out there anyway. Is everything that happens around the world, including this Ukraine Russia conflict , staged? Could the wealthiest transnational oligarchs pull that off? Or are there several totalitarian groups of oligarchs working side by side that sometimes clash with each other? China, Russia, The West (USA)
Edward Slavsquat wrote:
“The digital ruble will be used in the implementation of government programs, this will allow more efficient tracking of the use of funds, said Central Bank Chairman Elvira Nabiullina in the State Duma.
This is the final nail in the Great Reset’s coffin. Schwab is sweating bullets.”
Doesn’t Schwab approve of digital currency? Why does Edward say this is the final nail in reset coffin? On the contrary it sounds like Russia is on board with the great reset.
Confusion everywhere -- not just in the West. Must be genetic.
Nabiullina sure looks like Julia Gillard.