Russia returns to Gold standard
COMEDY GOLD
https://gettr.com/post/pxya2e29ae
The government will abolish the VAT (tax) on bullion. This Bill will go to the State Duma on March 4. Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
- Counter sanctions commission. t.me/Whiplash347/94331
UPDATE: Links added
https://mobile.twitter.com/KingKong9888/status/1499010224744644609
I don't think removing a tax on retail gold purchases exactly means that a country has changed to a gold standard. A gold standard means there is gold backing the national currency. Arizona and other states do not charge sales tax on gold purchases.
Having visited Russia about 13-14 times, I can tell you that they have currency exchanges at every metro station and in each neighborhood, even in areas where there may not be a lot of tourists. My fees at Russian language schools were noted in EUR and I was asked to pay the equivalent at the time in RUB. There is a mindset of not trusting the ruble, and many people either kept USD or EUR bank accounts, or simply held foreign currency. Now that physical transport of USD and EUR to Russia may be difficult or impossible, removing sales tax simply makes it easier for the average person to keep wealth in gold, but by no means does this imply the existence of a gold standard.
No one is listening to you Archon69, but I appreciate your descriptions. Ukraine is similar. No one wants to hold grivenas. And no, deleting the tax has nothing to do with gold standard.
Thanks for the reply. Usually I just comment as a regular user, but when I see a conversation heading in one direction and people failed to check their basic assumptions, it is time to put on the Mod hat 🤠
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Appreciated 🙏
Thanks for your support
ItS hAbBeNiNg
Interesting that it's difficult to transport money to Russia...
But a literal terrorist regime gets pallets of USD.
Hmm
Indeed, with the Ruble down 30% in a week, this at least gives them the option to protect their wealth with gold.
I feel like if the CAD plummeted 30% in a week in Canada, Trudope would probably seize Canadians' gold instead of making a gesture for the people like Russia has.
As a moderator, I leave these threads in place, then put my comment at the top with the obvious.
Also means Russia can start waging economic warfare on the US dollar, since they are no longer using it.
And I hope they give it to US good because we need to be freed from the evil of the USD.
Gold shall destroy the FED, as we all know.
Follow the yellow brick road.
I wish Q hadn't said (in one of his AMAs, IIRC) that the Fed would merely be restructured rather than abolished.
I also wish Trump hadn't said we can't go back on the gold standard because there's already too many trillions of dollars in circulation
Although, we now know that anytime a patriot says something we find distressing we can attribute it to "disinfo is necessary" and immediately things seem OK... :)
Last I heard Trump talk on this issue, he said gold was key.
It’s a complicated problem. There’s not enough gold to back the dollars in circulation. You’d have to issue a new currency, which could have a devastating effect on most countries …
...or you can let the price of gold go to where it should be at well over 10k / oz.
I’m just glad someone smarter than me is working on it.
100k
No, the Fed cannot be based in reality
Well technically we're holding Fed notes not US Dollars to begin with.
Correct. Fiat. It’s fake, going back to real money, when every country backs their currency to ours, will be tricky.
There's the potential of a depression flushing trillions of dollars down the drain. But that would wreck havoc on just about everyone.
I’m not smart enough to know the right answer - it’s going to be painful whatever the process.
Not true. That's the feds own spewing. Gold is under valued and whatb Harm does removing something with zero value already. Zero. It will effect nothing to get ridnof the dollar.
“Not enough gold to back the dollars......”
Maybe not at $1900/oz.? What if the price of gold was significantly higher?
Could be
THIS ^^ Hence the price suppression and manipulation. I suspect this is why they now turn to attempt to destroy Bitcoin
Missing the concept. Issue a wholly-new gold "dollar" in coin and certificates and let them exchange with now-discontinued federal reserve notes in a free market. If you want "new dollars," buy gold, submit it to the Treasury, and receive back coin or convertible certificates. (This used to be possible.) It's just another currency. Eventually, all the old fiat currency will have been used to purchase gold on the open market (at increasing prices, so better get to the conversion soon).
Oh, yes. By law, allow the public to opt for being paid wages in old dollars or new gold dollars. Eventually, the gold currency will drive out the paper currency according to how fast the public wants to make the change.
I'm not too worried about "trillions" of dollars disastrously vanishing. Will workers vanish? Will factories vanish? Will resources vanish? No. All that will remain. Billions of stock valuation can vanish in a market adjustment, but we don't see any sudden disappearances of goods or services or assets.
The trick is to start from the gold itself. Let people buy the gold with whatever currency they like, then exchange it for coin or certificates. Let the free market settle the exchange rate between gold and fiat dollars by the pricing mechanism. Keep the government out of that. Similarly, let goods and services have a price in fiat dollars and a price in gold dollars, and let the market sort out which currency will be in preference. Put on this basis, people will rapidly figure out how they want to go.
I heard a program about two years ago that said trump and the white hats had accumulated $35 quadrillion in gold and have a new gold backed currency and economy ready to go when this one collapses. Sure hope that’s legit.
I heard that too.
Wonder if that's what Trump meant by "You're gonna be very very happy"
He speaks in monetary terms all the time
MAGA means great again ECONOMICALLY, not "racially", that shit is so retarded
I assume you mean this:
q#1194
I don't see this as "merely restructured". To me this could very well mean the entire structure of the economic system will be changed.
The Fed is just one of almost 200 Central Banks, all run by the Bank of International Settlements (owned by the PTB). That world wide structure needs to be completely eliminated. There is no reason to keep a Federal Reserve bank. They perform zero valid functions. Literally everything they do is fraud. The entire system (AKA structure) must be eliminated from the face of the Earth.
OK
Still, if he meant the entire structure of the economic system will be changed, then the answer to "Federal Reserve ending?" would clearly be Yes.
Replying "Structure" to that question suggests the structure of the Fed will be changing, rather than the entire economic system.
At the same time, disinfo is necessary. It's easy to see why he wouldn't want to tip off the cabal that their toy is going to be destroyed LOL
You can't just "end" the Fed (I mean you can, but see below). It has to be systematically dismantled. Money is the Federal Reserve Note. Just going in and shutting down the Fed instantly turns all money into dirty paper. There must be a transition to "real money", or some other real economic barter system with multiple intermediaries of exchange (money) first.
The Fed is two things, it's structure, and it's ownership. It is a sovereign entity (like a country/government). The only way to take ownership of The Fed is to declare war on the Bank of International Settlements and take ownership of the whole thing. Once that is done (which may have already been done behind the scenes) then we can rebuild a new economy. If we don't create a transition though (I'm not sure how), the entire worlds economy will completely collapse, it would be quite tragic, maybe people would die as we "figure it out."
All countries monies are just notes from their central banks, which is really just one bank; branches of the Bank of International Settlements. Just imagine what it would be like if all money, all across the world, instantly became worth exactly nothing.
OK
The circulation thing is a fallacy.
Trillions in circulation simply means that the gold will be worth astronomical amounts until the money supply is shrunk or replaced with a new coinage. I.e. crypto.
I wouldn't want to crypto fed notes
...actually it will b silver that will destroy the banking cartels ' RoadtoRoota '
Hopefully you are invested in metals And not crypto.
I hold both but much more in metals.
I can't believe I agree with you. But I do.
All sides will lose that fight, they go with us in that fight.
China has been working on gold for the last 5 years, their crypto will gold backed unlike all other crypto.
one tiny problem with china and its gold....they seem to have been scammed for tons of tungston coated gold bars...maybe not so tiny of a problem...
ok I had not heard that about china receibing the fake gold. Only that they manufactured and sold to other people I sure would love to read the articles if you have them.
they were around last year, about them trying to pay off debt and finding tungston bars. ill see if I can find the articles.
(btw I'm sure you mean gold coated Tungsten) but LOL! That's a riot! I never heard of it but makes sense they would have fallen for that scam. I looked online & now a days there's a way to distinguish them with ultrasound
X-ray metal assessors could ID it in seconds.
yup tungsten...
Can start demanding payment for oil and gas in gold ( or rubles).
They will still need to sell their dollars for more gold.
or their oil/NG
This is why the DEEP STATE wants to fight them. Us US folks would gladly go to the gold standard and throw off the central bankers debt system.
That's the fight here, nationalists vs central banking deep state globalists.
Putin is creating his island to live on outside of the derp state global social credit score instant financial global cancel culture that is emerging. He's gathering up his people and establishing his borders, national Russia on one side, golobohomos on the otherside.
And then us in the West will want the same. This has probably passed the point of no return for the private western central banks.
FIFY
You mean it is why the deep state wants to fight them.
We want the gold standard too.
This is fantastic news!!
GOLD shall destroy the Fed. Q
Praise God, it's finally here.
That's awesome! Its habbening.
please do not follow whiplash my god
Samesy
Thank you for this. Fuck that guy all he does is push nonsense rug pull crypto projects lol. This is laughable
The fact that it was on gettr at all made me sus.
Redskull confirmed it. It's happening. Gold about to hit all time high. Get it while you can.
Who put that title up? It's not the gold standard, I mean c'mon, man. Even CA has no sales tax on purchases of precious metals for CA residents in amounts over $1,500-. Ah, sorry - see it's for fun.
Not only is it not the gold standard, but they haven’t done it yet. It’s a good step for them to take, but they have a long way to go. Low quality post.
Sounds like GESARA to me. Finally.
GESARA is an enticing pipe dream to trick patriots into supporting WEF's Great Reset.
Yes.
How so? Could you explain how supporting NESARA/GESARA is supporting the WEF?
NESARA proposes that everyone will be made rich all at once AND all debt will be eliminated. Both cannot occur simultaneously.
No one will have any reason to work, the dollar will hyper inflate into nothingness, and we will have destroyed our own economy.
I think its much more reasonable to believe an actual solution would be returning to the gold standard and destroying the Rothschild banking system/usury debt system
This is it. We've been waiting for this moment for decades.
Testing 1-2-3, Testing 1-2-3. Russia leading the way for the world to see a sovereign nation off the petro dollar and on the gold standard. Soon other nations will kick the central bank fraudsters out & off the planet!
The first step in offsetting financial warfare from the West is allowing the domestic population to be immune to collapses in their currency from foreign actors pulling capital out of the country. Companies doing international business now have an alternative to hold time deposits which are far less volatile than the ruble without penalty. Gold becomes the coin of Russia’s international business.
It’s the beginning of the process of draining physical gold from the global market and control over its price by the ponzi schemes that are the COMEX and the LBMA.
This is a first step in rebuilding confidence in the Russian banking system rather than what we’re seeing in the West which is the ritualistic assault on privacy, wealth generation and the value of our labor, which is degrading rapidly thanks to inflation, which will rage from here as all energy and commodity markets are scared to death of Davos’ financial war on Russia.
Gold will destroy the Fed. Hope yall have been stacking your metals.
Seems to me that Russia will come out way ahead from being independent of the global "economy" and having a shit ton of energy to sell to anyone not sucked into the "sanctions."
They also get 50% of imports from China. That will only increase.
High school graduate here. So if the fiat petroleum dollar dies, what happens to my debt? If superinflation occurs, will I just pay off my mortgage with goat and a chicken?
Lol🐸
Well that’s gonna piss even more countries off.
I wonder if my boss would pay me in gold from now on??
Does this actually mean they’re returning to the gold standard? I know where I live, there is no tax on bullion, but we most certainly are not on a gold standard.
Correct they removed the tax on gold purchases. Many other nations already have this in place and they are not on a gold backed standard.
All right and when Trump takes us back to gold..... its over !!!
Good for them. Russians are doing good, but I am worried about us. Hopefully God and Jesus will save us.
Didn't God completely wipe cities away Sodom and Gomoorah (spelling I'm sure) for being exactly what the USA has become? Ever thought maybe you are in the evil country and God's wrath is coming to us because of what we have allowed to happen? Maybe we are the devils of history, with our greed, not helping thy neighbor, our perversions, etc... people always think they are the righteous ones, and are on the right side... what has the US allowed to take hold and happen, what Christian values have been absolutely eroded, hell we have Churches here now supporting gay's, which we all know what the bible clearly states, but yet we allow it to happen. We kill our babies in the millions... pedophilia is everywhere, just go by a school see what the 5th, 6th grade girls are wearing to school.... Cuties is on Netflix... I mean let's get brutally honest about this... I fought for this country, but to think that the USA is some shining good country in God's eyes you are very mistaken. God has seen what our evil empire has done, what our corrupt government does, and we do allow it. I'm not saying any other countries are better either..
This has been on my mind for quite some time.
I needed to say it.
I have 2 females cousins went to war and a nephew right now in the navy struggling with vaccines and all that. He is thinking to quit because they are asking him for vaccines. I agreed with you, also think God has a plan and we need to pray more. I am trying to do my best spreading the word in spite that I am very ill and with disabilities. I tried to be positive one day at a time asking God to forgive me for my sins and grateful to have one more day to share with you and the rest of the world. Thank you for your service
Exactly this, America and the rest of the world has exceeded Sodom and Gomorrah a long time ago. The World has more influence on Christianity than Christianity has on the world.
Sin beings it’s own wrath
I agree that decadence is everywhere in America today. We have allowed it, because we did not fight over the issues of pornography, obscenity and so forth, as they came up. We have not protested, at all, against these evils, and all the others that you mentioned. We have allowed obscenity and filth in our school libraries. We have not protested that, either. So, what do we have: Billions of dollars spent by AMERICANS to further this degeneracy. Our children's innocence is being stolen away from the protection of their parents. Parents allow this in the schools. Why???
The U.S. government should figure out a way to print gold now. :>)
Printing more money doesn't seem to be working too well.
they can just pretend they have it.
I've got a friend whose friend is an alchemist. He can't print gold (yet) but he can convert your lead into gold. Just sayin'.
BTW: /s
https://www.govmint.com/gold/goldbacks#:~:text=A%20Goldback%20is%20a%20type,current%20exchange%20rate%20of%20gold.
Yeap
Brilliant! He's starting to remind me of Trump a little. He takes attacks the dole out & twists them around
The financial system is being destroyed now, by kicking out Russia of the Swift (though 2 banks remain, in order to pay for oil and gas). Now imagine Xi of China taking back Taiwan and the West kicking China out of Swift and imposing total sanctions.
These countries, together with India and Brasil, Turkey and maybe some of the Middle East and Africa could establish a new currency backed on gold. That would be the end of the Fed. To destroy the cabal, the Fed has to end.
ROTHSCHILDS CENTRAL BANKS CONTROL THE WORLD FINANCIAL SYSTEM - CORRUPT TO THE CORE...
https://reasonandscience.catsboard.com/t2934-complete-list-of-rothschild-owned-and-controlled-banks
They are definitely paving the way to return to the gold standard, this is a BIG F-u to the DS, Love it
How do they destabilize the Russian economy when doing so will hurt their own gold holdings. Check mate?
Not a real gold standard currency, but a good start. In England we have no sales tax on gold, but do on silver.
WEF is going full panic mode. They are now trying to claim he's part of their plan because they know the amount of support he has and how much we hate them thus if we're made to believe he's with them his support from us will end and will start promoting western involvement in Ukraine to once again fight their battles. Seems they got new talking points it's all over RT comment section. Psyops on psyops. Information war.
This is the way
Explain how this is ‘comedy gold’ please, I don’t understand why as this is seemingly a serious post.
The title makes it seem as if Russia moved to the gold standard when all they said they were going to do was remove the value-added tax (VAT) for gold purchase. If true, the Bill will go to the State Duma on March 4, March, 4, 2022.
Also, my OP listed Whiplash347 as a source and this person is apparently is a crypto shitcoin pusher, AKA Simon Parkes of the crypto world. If you look at the other twitter link above, you can see that someone on Twitter took the original info from the Russian speaking finance minister and added the title "Russia returns to Gold standard"
As seen on other replies on this thread, Russian would convert their ruble to US dollars as the dollar normally is more stable. With the removal of the VAT and the sanctions making almost impossible to convert to usd, the Russian citizens will convert to gold.
So yes, the title is comical but the idea of Russia moving toward a 'gold standard' & the collapse of the dollar is serious.
There has been whispers of Russia and China moving towards a gold standard to take down the dollar as the reserve currency, this has been going on for several years.
https://www.rt.com/business/498523-russia-china-gold-standard/
Gold and silver backed crypto. Decentralized from global international banking cartels. Can't be stopped. This is the way.