Russia Hints at Ushering in a New Gold Backed Ruble
The Central Bank of Russia has made a subtle, yet serious threat against the American Economy, and the US dollar.
According to Russian media, Russia’s RIA Novosti Bank Rossiya has just released a new logo, which is a gold ruble. This action comes in response to JPMorgan entering the economic battlefield and blocking Russian wire transfers.
If Russia decides to use its vast gold reserves to back the Ruble, the ramifications for the global economy would be huge. Already the US Dollar, which has had the luxury of being the reserve currency of the World for far too long, was skating on thin ice.
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