Russia And China Roll Out 100% Gold-Backed Currency

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Russia and China roll our gold-backed currency

Russia and China have outlined plans to create a 100 percent gold-backed currency system to replace the US dollar as the world’s dominant currency.

The Central Bank of Russia has been steadily amassing vast gold reserves since 2015 – accumulating 1,828.56 tons by the end of 2017 – making it the fifth largest gold reserve in the world.

Goldtelegraph.com reports: Russia has been aggressively increasing its gold reserves for a reason. It has seen the US dollar dominate as a global currency and is working with China to end the US/Western currency supremacy.

Their strategy appears to be working. Russia and China are in the midst of rumors of introducing gold-backed futures to circumvent the U.S dollar.

The US dollar has had no gold-backing since 1933, nor has the US increased its gold reserves for a decade. See chart below.

With speculation of Russia and China working on a gold-backed currency, a shift in monetary power from the West to the East seems to be their ambitions. The situation between East and West is exacerbated by recent tensions between Russia and the UK, since the alleged Kremlin poisoning of former spy Sergei Skripal and his daughter. British Prime Minister Theresa May has ousted 23 Russian diplomats from Great Britain. Geopolitical tension is once again, high.

It seems Russian may have tossed aside Das Kapital as its economic guidebook. Not only is creating a gold-backed currency appearing more likely month over month, but Russia has also brought inflation way down over the past decade. More importantly, Russia continues to lower their national debt, while the US has been increasing its debt to a record $21 trillion.

Russia’s financial strategy is making the country less vulnerable to volatile geopolitics. Not only is it a significant player in gold, but it is also the world’s third-largest gold producer, with the Central Bank of Russia buying up its supplies. During the past decade, Russian has mined more than 2,000 tons of gold, with tonnage expected to increase by 400 tons annually by 2030.

Russia and China understand the value of real, physical gold, a lesson that the US has forgotten while reveling in worthless paper currency.

If Russia and China establish a 100 percent gold-backed currency, it inevitably changes the game in the West. The dollar will continue to devalue against gold at a rapid rate.

Ultimately, the battle will not be Eastern vs. Western dominance. The real battle long term will be between the US dollar (fiat) and gold.

60 Comments

  1. The United States still has its gold, most of it is in the ground. It is the true backing for the American Dollar.. All we need to do is dig it up.

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    • The USD is only based on debt. Truth is: The gouvernment lends money from the Rothschild Federal Reserve with all the underlying and dependant Industries and the only thing that backes it up is the productivity and the workpower of the US citizens.
      The citizens are sold into slavery and don’t even recognize it.

      One day there will be a Corporate Congress that rules the country like a dictator because every new born has its “live debt” which he/she has to pay back to the corporations.

      Of course this will be true for every country that has no Central Bank that really belongs to the People.

      Everybody knows: The Federal Reserve is neither Federal nor has it any reserves.

      • No that is not true. Any body can still travel out into the woods and dig up gold. We also have a home less society who are ot slaves. a slave is a person that does not have any choice other than that of its master.

        • Yes this is very very true David. The said part about it that minority races know this , but most whites don’t do to white privilege. But no need to argue, just pick up HOUSE JOINT RESOLUTION 192 and get some TRUE education. The US government have destroyed more than they have helped to create. Tv is the biggest distraction they made. People have become so naive and believe ANYTHING. So don’t believe me just go do some research for yourself.

          • White privilege… uhhh I’m white and I have worked my ass off to have stuff. Maybe “Minority Ignorance and laziness” is whats driving this country down the toilet… White privilege Sheeeeeit!

          • Whites are working hard and smart, what’s your excuse? BTW no whites are foolsd by your white privilege insults hahaha

          • Reread your statement, then tell me there’s no white priveledge and no racism anymore, eh? What a piece of shit you are. Please don’t breed. Ever!

          • You are clearly the piece of shit. If you died nobody would notice but the welfare office, and that’s your favorite place.

          • Most of your response is bullshit!
            Everyone of you have to make this a racial thing!
            As soon as you said white privilege you removed all credibility!

        • In 1933, President Roosevelt enacted Executive order 6102 which made it illegal to hold gold. It all had to be turned in for paper money. This was in response to his promises during his campaign to “fix” the depression. He really didn’t fix anything, but it shows that at any moment, when conditions exist to cause the people in power to resort to extraordinary means, our currency could be rendered worthless.
          An element still in the ground isn’t a reserve. That includes oil, too. For it to be a reserve, there would be a need to know, definitively, how much is there and how easy it would be to extract. Since it is the industries with interest in those elements and that oversee the monitoring, they can provide any amount or figures they want to, to control stock interests. To believe otherwise, well, I have a bridge on the other side of the world to sell you.

      • You are absolutely correct! The birth certificate and ss# together are nothing but a complete “charter agreement” !

    • Right, that’s all, “just dig it up”, and 5 YEARS LATER, the US might begin to close in on 4th or 5th place AFTER the New World Powers, right? By then, we’ll be using our currency for toilet paper and trading eggs and washing laundry for immigrants, and the ones who own the gold will be buying up the US a piece at a time.

    • and do what? hand it over or have it taken by force and punishment. Its illegal to own monetary gold. Even jewlers are only allowed to amass a certain amount. Read through the Bank act in 1933 and the laws that followed. All of the gold and silver was rounded up and given to the federal reserve and in exchange people were given the federal reserve notes which is really just an IOU- debt currency. (never is it referred to money or having monetary value. ) but this exchange in a bank even under duress, is what made people think it was an even trade or that they got something of value, when really, they just got jacked by Uncle Sam and continue to be. The dealings were real grimey too considering that in black and white, it was agreed that the Reserve would noy be held liable or punished or sanctioned in any way if the American people were to reject the agreement at any poiny in the future. because they acknowlege it to be in direct violation of the constitution. (Illegal search and seizure?? just to start) American people and their belongings were signed as collateral for the debt. which is how they can draft you to war and say it’s lawful ..but what’s anything matter….americans are so divided by spoon fed hate that it will be hard to get them to fight for whats real and right.

      • So many problems here..this move with China and Russia..whoa!! If only the American ppl knew about what is really going on!! Gold and Oil..we have both..but look where we are in the stage!! We have been sold out for years. The elites own us..and we are no where near having the ability to change it!!

    • The backing for the US dollar is its military dominance. We have seen with the bailout of Wall Street and “unaccounted” or “lost” trillions of dollars by the Pentagon, that dollars are printed willy nilly when the desire is there to do it with little or no market consequence.

    • A group of rich men own and control the federal reserve, Its a scam not many know about. Pres. Kennedy wanted to go back to the gold back $ and they killed him.

      • Pres Kennedy was killed by the Elite and Pope because he was for the Republic and not the Defacto system. After he meet with the pope of the Catholic Church he was killed in Texas, with the help of the Bush’s and LB Johnson. Go back and research it, it’s all there. Kennedy told the Pope he wouldn’t join the Defacto system, we was going to inform the People of their BIRTH RIGHTS and move things back into the right track and perspective for the country as a whole. This would have ended this world wars and slavery of the people of the Republic.

    • Because the Elite has been stealing from the people. This is a Defacto system. They lied to you mother during your birth. The Birth Certificate was created to enslave the people. Used the mother’s maiden name so she is single and made the baby a Bastard and automatically a Ward of the state. The state then claimed the Afterbirth which is left at the hospital to make the birth certificate. The afterbirth is DEAD, (Birth Certificate) ; but the living Flesh and blood baby is alive ( Certificate of Live Birth). Drop me an email I will educate you and give you Laws, Statues, history that you wasn’t taught in school. Did you know that Mother on the Birth Certificate means Informant? The world you think you know and live in is all a big illusion. Most people so brainwashed they don’t even know they are SLAVES. And I do mean every person that has a Birth Certificate is a slaves. Go read the Uniform Commercial Code (UCC 1-308). Read Over Stand and take back your RIGHTS. Footy311@gmail.com

  2. While the USA is distracted by Israel to fight its wars against Muslims, China and Russia have joined forces to launch gold-backed currency ditching the US dollar. This is something Libyan leader Gaddafi wanted to do and lost his life for.

    • You miss the real story….the globalists are working with China, they’ll likely crash the gold price index and leave Russia broke, in the meantime, the US is not warring against muslims, they are fighting against the jihad of radicals created by globalists to destabilize the west, the only distraction is that you are not aware of the Deep Shadow government agencies the globalist elite are using to accomplish their aim of control. The destruction of the west is primary to them succeeding for world domination.

    • NO DOUBT! But, these two SUPER POWERS are CHANGING THE GAME. The USA won’t come at them like they came at Gaddafi.

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  4. Its one big Mafia family on a power tripping game of global stratego. Saddam got caught trying to get them out of his country and we see how that ended… all over TV… Not one photo of Bin Laden YET America had no problem murdering Saddams whole family and televising it. That wasn’t for news or proof, that was a Straight up Message to other leaders not to step out of line. No surprise America, the indebted top Hitman, now publicly has taken issues with both China and Russia

  5. The primary reason gold and silver mining has been dormant in the U.S. for some time is due to environmental restrictions and a relatively stagnant price, not a lack of the domestic ore. Modern technology has eliminated most environmental mining concerns, and if the price of gold and silver really take off, large scale mining will reappear. An attempt by Russia to boost the price of oil and gas will backfire, because the U.S. has the largest reserves of those fuels, and can extract them at a lower price than anyone else. We have yet to sell fuel products to Europe and Asia in anywhere near the capacity we’re capable of (the biggest bottleneck for gas shipping is the lack of port facilities for refrigerating and compressing, but companies are already working to correct that). It would be easy for an OPEC-U.S. team to obliterate Russia as a supplier. I think Russia and China should be careful, as they might only serve to make the U.S. an even more dominant economic colossus.

  6. When it comes to money the power structure is already in control and financial markets are set up to support valuations of assets by control mechanisms based on derivatives. To effect any change of this would require a total collapse of the financial systems currently in place, and that collapse will come one day because the mechanisms to sustain irrational valuations will not endure the influence of insatiable greed.

  7. Centuries ago Andrew Jackson had the USA off the central bank perpetual debt machine and onto greenback–real money, then the jewish people got us onto the federal reserve. back on a perpetual debt machine economic slavery to them. then Russia and China hence the owners of most of the USA’s national debt join forces to do what Jackson done centuries ago. both communist–oh excuse me formerly communist and who began communist things? the ju people. who sells things Mark Z from face book and who begins the undermining of the USA through disarming those same people. it’s great Russia and China want to better themselves but why better themselves at the expense of the USA and buy up our national debt? or was that their plan?

  8. Please re-visit your constitution.

    (XI. Article I, Section 10.)

    Section 10. No State shall enter into any Treaty,
    Alliance, or Confederation; grant Letters of Marquee and Reprisal; coin Money;
    emit Bills of Credit; make any Thing but gold and silver Coin a Tender in
    Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law
    impairing the Obligation of Contracts, or grant any Title of Nobility.

  9. Many Americans can see that we are a Third World nation when it comes to the quality of life of the majority– low income, expensive higher education, highest incarceration rate, health care that is ineffective, unsafe and very expensive. Huge subsidies to the rich and low taxes too, many tricks by which the future will pay for debt that makes us feel like the economy is OK. When the US Dollar is no longer the currency for buying-selling oil, the window dressing will fall away as we see reality, kind of a reverse of the Berlin Wall coming down.

  10. Well we need to do it to; throw out the central bankers and tell them to go fuck themselves if they think we will repay the national debt!

  11. Any time you see one of these articles about “gold-backed” currency, just laugh. That 1,800 tons of gold the article references could back about $79B in currency – a rounding error in today’s markets. There isn’t enough refined gold on the planet to back any useful currency. The future is crypto, not “gold-backed” currency.

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