Current Events

The End of Dollar Dominance and Catastrophe for the Euro

EUROPE RENAISSANCE publishes stories censored by mainstream media. Your donations keep the truth published. PLEASE HELP US. It is easier than you think. Details contact Michael Walsh euroman_uk@yahoo.co.uk

‘When will the Russian ruble be tied to gold? It’s a matter of time (perhaps it has already happened). The Central Bank of Russia already announced a few days ago that it was buying up gold at a fixed price. The tax on the purchase of gold by individuals has been abolished. You don’t have to be a top-level financial analyst to understand where all this is leading up.

When rubles are pegged to gold at a price of, for example, 5,000 rubles per gram, and there are 32 grams per troy ounce, which means that one ounce of gold will cost 160,000 rubles, then converting to US dollars means that gold will cost $1,600 per ounce in rubles, not $1,928 per ounce in dollars.

Russia with this single move will destroy about 30% of the value of the US dollar worldwide. The only thing worse for the dollar is that Russia has decided to sell its oil and gas only in rubles, and the rubles are now fixed at 5,000 rubles per gram. Anyone who wants to buy oil or gas will either have to pay in rubles or pay in gold, and they won’t get the US dollar value of the gold they offer as payment.

People all over the world will literally convert their money into rubles and get rid of dollars and euros. What Russia has just done is the financial equivalent of detonating a nuclear bomb.

The last person on this planet who tried to back his currency with gold was Muammar Gaddafi. What happened next? NATO entered Libya, bombed it until the brainwashed locals grabbed Gaddafi in the street and put a bullet in his head. With Putin, this scheme will not work.

Do you know what is happening with the world’s bankers now? They are in a panic. The so-called leaders of the EU are also scared to death. They understand that what Russia has done will completely destroy both the US dollar and the euro. These bankers will be telling heads of state that the third world war must start immediately because this is the only way out for them.

Effect: Europe (which needs Russian gas and oil) will now have to buy rubles from Putin for gold, or pay for oil and gas in gold itself. Foreign governments holding our dollar debt in reserve will see it as an immediate and far lesser benefit and will want to start dumping it in favour of something more stable that retains its value. Basically, any currency pegged to gold will fit the bill. This means that countries like Japan will start dumping their dollar debts as fast as they can, they are not going to go down with the American ship. They will switch to more stable currencies, such as … the ruble.

This will have a deflationary effect on the ruble, making it more valuable over time. It also means that Putin can change the peg of the ruble any time he wants, for example, to 500, 50 or 10. This is becoming increasingly valuable to him.

The immediate result is that all these foreign countries dumping their dollar reserves will cause all those extra dollars to start coming home, causing more massive hyperinflation than we already have in the US right now.

Is it any wonder why Biden last week called for regime change in Russia? He is about to have masses of angry and literally starving Americans marching through the streets here at home demanding answers. Don’t forget, the other day Putin openly said that now people will convert their savings in dollars and euros in favour of safer investments such as land, food and raw materials. Source

OUR ONLY SALARY IS WHAT YOU DONATE euroman_uk@yahoo.co.uk or keyboardcosmetics@gmail.com 

2 replies »

  1. biden is:
    1/ A long term pedophile. he has been a pedophile for over 40 years. Everybody knows it, the media, the White house, other politicians, congress, etc… He touches boys and girls on TV with total scorn for the parents, and the public. He is protected by his connections and his puppet masters.
    2/ A sex offender. Lie his son, he doesn’t only gp after children but everything with two boobs that moves. Again, like for the pedophilia, watch the hundreds of public footage where he sexually harass countless women.
    3/ Senile. He is senile, he doesn’t know what he is doing, has not a clue what is really going on and repeat like a parrot what his puppeteers tell him to say. Proof: he goes in poland to ask Putin to be ;removed from power’. Immediately the White House denounces his speech and contradicts him. It doesn’t matter he keeps saying the same BS as if he was completely lobotomized.
    4/ He is a criminal like his son. Moscow sex ring, millions made in Ukraine This is why he hates Putin because his money laundering operation with zelensky is screwed), fraud, abuse of office, embezzlement, etc…
    5/ He is a war criminal and a mass murderer. In all administration he served, he was a war criminal and has millions civilians blood on his dirty hands.
    6/ he is the biggest puppet of all the western puppets (worse even than Trudeau). He is so much a puppet that we can see the string attached to his frail senile body… The only question is, besides the globalists, who is pulling these strings? biden does not speak, he parrots, he does not have ideas, he reads a prompter, he decides nothing, he just follows orders.
    7/ Of course he is an usurper, he lost the 2020 elections but was put in power through unprecedented fraud. This is why he thinks he can do whatever he wants and behave like a dictator. It’s like people who never worked for the money they have, they don’t know the real value of it.
    7/ Finally, he has dementia, and just for that he should be impeached immediately.
    Of course he is also an idiot and a scumbag and this is why the rothschild use him like a cheap carpet

    Liked by 1 person

  2. They try to destroy the western civilization, the economies and of course the money.

    So they can come and say ‘now we will use digital money only’. It’s part of their control agenda.

    Same for sanctions: the real targets are the Western people, so they can ration, suppress and mae us even poorer and kill us with famines after having killed millions (of idiots who believe the media/govt) with fake ‘vaccines’…

    It will stop when we start to kill corrupt politicians, globalists, presstitutes and all the globalist scum behind it.

    We can’t wait!

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s