From the Gold, Goats & Guns site, Tom Luongo gives his view on the recent move by Russia to effectively tie the Rouble to the price of Gold.
This is a bold move, as it attacks the fact there are no real-world underpinnings to the US Dollar, a fiat currency, except the fact it is the current reserve currency.
The real problem is that every time a country has tried to move off of the US dollar for the sale of oil, the United States has used their armed forces to enable regime change. Iraq and Libya are two recent examples.
Thus, this move will prompt the United States to ratchet up the war rhetoric, to persuade their population to support going to war with Russia, to achieve regime change.
Russia is not another Syria, Iraq or Libya. It is a nuclear capable state, who would use these weapons to protect their motherland. Biden and those who control him are playing a very dangerous game when flirting with war on Russia.
We live in interesting time, let’s hope we all survive them.
Truth is difficult but essential... 