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The Truth about Russia’s Golden Ruble & the Dollar’s Demise

Alasdair of Goldmoney and Ewan Downie, the CEO of i-80 Gold, return as this week’s guests.

 

When the U.S. sanctioned Russia and removed them from the international SWIFT trading system, Russia in order to ensure its national survival had to find another way to transact cross border trade. For European countries that desperately need Russia’s gas, Russia offered to sell gas to hostile countries in exchange for payment in Russian Rubles or gold. That was a first step toward surviving outside of the international U.S. dollar-based fiat money system. But it would be only the first step in a much larger threat to America’s dollar hegemony, bolstered by the other four members of the BRICS group plus many more nations sensing that the future lies with powers in the east rather than in the western world.

 

The fact is that the U.S. has abused its reserve status in a way that has not only angered and threatened the survival of foreign powers, but its own economy is literally choking on debt that cannot be repaid. Nations seeking to retain their own sovereignty are reacting against a fiat money system and are choosing to obey the laws of nature that have designed gold as money for the sake of their own survival. As J.P. Morgan noted some time in the past, “Only gold is money. Everything else is credit.” Recently eastern nations have been gearing up for a transformation toward a future in which money, not credit, is used for international trade.

 

Alasdair walks us through a bit of post-1971 history that appears to be enormously bullish for gold and Ewan Downie talks about how i-80 Gold is developing this little known gold producer into one of the fastest growing large scale gold miners in gold-rich Nevada and how you can profit from that company’s fortunes.

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