Posted on | December 20, 2014 | No Comments
Subject: While Obama doubled US debt, Putin tripled Russia’s gold reserves . . . and
he did it with Obama’s help.
Also remember that Europe runs on Russian petrol, and if Russia should cut off the supply, the engine of Europe shuts down. Now it is to Russia’s economic advantage to sell its gas and oil to the other nations of Europe. In fact it is Russia’s biggest income. However, if the U.S. and/or NATO gets too pushy with the Russian Bear, all Putin has to do is turn off the fuel spigot. Meanwhile the U.S. gets deeper in debt by the day, while Russia, India and China demonstrate economic restraint and accumulate Gold. What will it take to get the American people and the government in Washington on track?
— Dr. John Grady
Posted on | December 20, 2014 | No Comments
While Obama is accumulating an unprecedented debt, Putin tripled Russian gold reserves and in the last quarter bought 55 tons of gold, more that half of all gold purchased by the Central banks around the world.
Russian daily, Rambler.RU, published an article by an Italian economist, John Franco Rossi, which was originally published in Il Fatto Quotidiana. Rossi noted that sanctions on Russia backfire on European countries, noting that Russia is the third largest importer of Italian goods. Further, Rossi noted that as US and European countries are running large debt and are forced to sell their gold reserves, Russia, China and India are buying those reserves and accumulating strength. While in the past 6 years Obama doubled US National debt, Putin was hard at work paying off Russian debt and accumulating gold reserves. In the past 10 years Putin tripled Russian gold reserves, which reached 1,150 tons.
Rossi believes that this will ultimately lead to the dollar being displaced as the international currency. Considering the fact that the US has lost most of its’ manufacturing, outsourcing it to the third world countries, the only remaining strength of the US economy, is the acceptability of the US dollar and it’s purchase by other nations. If this is gone, there will be nothing left.
Summary provided by Dr. Orly Taitz, ESQ
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