“Importance. The Kremlin confirms its intention to support the ruble with gold!” Editorial by Charles Sannat

Dear impudents, dear impudents,

Your strategy letter for April is finally online and available in readers’ areas thanks to the efforts of an IT professional who just successfully resolved an ongoing bug after updating the site…I offer you all my apologies for this belatedly.

This article is very important. I am translating this interview for you, as her comments shed light on the dangers of the current war of which the conflict in Ukraine is one of its most violent manifestations.

The Kremlin confirms its intention to support the ruble with gold and commodities

On Tuesday, April 26, in an interview with the newspaper Rossiyskaya Gazeta (RG), Secretary of the Russian Federal Security Council Nikolai Patrushev said that Russian experts are working on a project to link the Russian ruble to gold and other commodities.

The interview can be viewed in Russian on the RG website here.

For those who do not know the name of Nikolai Patrushev (which is natural!), the latter is one of the most powerful security and intelligence agents of Russia and a close ally of Putin. After serving as Director of the Russian Federal Security Service (FSB) (the successor organization to the KGB) from 1999 to 2008, Patrushev became Secretary of the Russian Security Council in 2008.

In fact, Mr. Patrushev succeeded his previous incumbent, Vladimir Putin, as Director of the Federal Security Service in 1999.

The Security Council of the Russian Federation is chaired by Putin, with Patrushev as its secretary, supervises the Security Council and reports directly to Putin. The Vice-President of the Security Council is Dmitry Medvedev, former Russian President and Prime Minister.

Other members of the Security Council include current Russian Prime Minister Mikhail Mishustin and Russian Foreign Minister Sergei Lavrov.

So when Nikolai Patrushev says that Russia is working on a plan to support the ruble with gold and goods, it’s not just anyone saying, but the highest levels of the Russian government.

intrinsic value

Here’s the gist of the conversation.

Question from RG: And what should we do to ensure the rule of the ruble?

Nikolai Patrushev: For the national financial system to be sovereign, the means of payment must have intrinsic value and price stability, without being tied to the dollar.

Today, experts are working on a project proposed by the scientific community to create a dual-circuit monetary and financial system.

In particular, it is proposed to determine the value of the ruble, which should be backed by gold and a set of commodities with monetary values, and to bring the ruble exchange rate into line with the true parity of purchasing power. »

That’s what it is. The Russian government is actively working to create a gold- and commodity-backed Russian ruble with an intrinsic value that lies outside the orbit of the US dollar.

New orthodoxy

Following Patrushev’s remarks regarding the gold-backed ruble and commodities, the RG interview goes further:

Question from RG: Similar thoughts have been expressed before. However, a number of experts have said that they contradict the conclusions of economic theory…?

To which Nikolai Patrushev replies:

“It does not contradict the conclusions of economics, but rather the conclusions of Western economics textbooks.

The West has unilaterally assigned an intellectual monopoly to the optimal structure of society and has been using it for decades …

We are not opposed to a market economy and participation in global production chains, but we clearly understand that the West only allows other countries to be its partners when it is profitable to do so.

Therefore, the most important condition for ensuring Russia’s economic security is the dependence on the country’s internal potential, which is a structural adjustment of the national economy on a modern technological basis. »

Penalties.

Regarding de facto financial sanctions and the freezing of Russia’s foreign exchange reserves held abroad, Patrushev said that by imposing sanctions on Russia, “the West is hitting not only Russia, but itself”, undermining confidence in the US dollar as the world. De facto reserve currency:

“The current global financial system is built solely on trust, including in the United States as the source of the world’s reserve currency. Half a century ago, the gold factor existed, but in 1971 the United States unpegged its currency from its quotations, which made it possible Issuance of currency almost without censorship.”

The West vs the rest of the worldH!

Elsewhere in the interview, Patrushev drops some surprising comments about how Russia is intensifying its cooperation with the non-Western world, comments that have yet to be appreciated by the mainstream Western media.

I am convinced that we will solve all the problems that have arisen as a result of the sanctions restrictions.

Today, Russia is moving from the European market to the markets of Africa, Asia and Latin America.

We pay special attention to the Federation, the importance of which increases significantly in the current circumstances.

We are strengthening cooperation with the BRICS countries and the Shanghai Cooperation Organization, which bring together about three and a half billion people on the planet. »

Noticeable – EAEU stands for Eurasian Economic Union. Founded in 2015, EAEU is a free trade zone and customs union that includes Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan. See the EAEU website here.

Shanghai Cooperation Organization refers to the Shanghai Cooperation Organization. Founded in 2001, the Shanghai Cooperation Organization is an intergovernmental group that includes eight member states of China, Russia, India, Kazakhstan, Pakistan, Uzbekistan, Kyrgyzstan, and Tajikistan, plus the four observers: Belarus, Iran, Afghanistan, Mongolia, and six other countries. Dialogue partners are Turkey, Azerbaijan, Armenia, Cambodia, Nepal and Sri Lanka.

The BRICS group refers to the five largest emerging economies in the world and includes Brazil, Russia, India, China and South Africa. The BRICS group was founded in 2006 and is now an official grouping, where the BRICS countries cooperate and formally meet on an annual basis. The BRICS 2022 summit will be held in China.

EAEU. OCS. Brix. Three and a half billion people. And now the ruble is backed by gold and commodities. Something to think about for the Western media.

Conclusion – Towards a new gold standard?

Well, not only!

What we see now is Nikolai Patrushev and the Kremlin confirming this simple formula of pegging the Russian ruble to gold and commodities. In other words, it is the beginning of a multilateral monetary system backed by gold and commodities.

So we have a terrible struggle, a fight to the death for monetary domination of the world.

Russia wants to propose an alternative system that would, for example, be clearly in its favour.

why ?

Because in a world where raw materials are becoming scarce, those who own them find themselves with a competitive advantage as brutal as it seems.

However, Russia is the largest country on the planet and the richest underground.

In this sense, China needs Russia’s natural resources more than the monkeys-paying Western customers!

You can clearly see that we are in an all-out war to define the new world order, to share wealth, to share the world, to dominate this world and of course we have very important financial implications, because we are talking here nothing more and nothing less than a new international monetary system.

You will appear at the end of this war.

We are still in the beginning and only two months after the assassination of the Archduke in Sarajevo, no one believed in 1914 that the war would last for years and would claim the lives of tens of millions of men.

There is no small war in Europe.

It’s already too late, but all is not lost.

get ready !

Charles Sannat

“Insolentiae” in Latin means “insolence”
To write to me charles@insolentiae.com
To write to my wife helene@insolentiae.com

You can also subscribe to my monthly newsletter “Strategies” which will allow you to move forward and in which I share with you the concrete solutions that need to be implemented to prepare you for the next world. These solutions are centered around the PEL approach – Heritage, Employment and Location. The idea is to show you the tools and techniques needed to achieve personal and family resilience.

“To stifle peaceful revolutions, one makes violent revolutions inevitable.” (John F. Kennedy)

“This is an ‘informational’ article, i.e. free of reproduction in whole or in part provided that this paragraph is reproduced thereafter. Insolentiae.com is the site where Charles Sanat expresses himself daily and provides rude and relentless analysis of economic news. Thank you for visiting my site. You can Sign up for our free daily newsletter at www.insolentiae.com. »

Leave a Comment

Your email address will not be published.