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While Obama is accumulating an unprecedented debt, Putin tripled Russian gold reserves and in the last quarter bought 55 tons, more that half of all gold purchased by the Central banks around the world

Posted on | December 20, 2014 | 4 Comments

СМИ: Путин скупает золото, чтобы уничтожить доллар и власть США

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 dollar being displaced as the international currency. Considering the fact that US lost most of its’ manufacturing, outsourcing it to the third world countries, the only 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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Comments

4 Responses to “While Obama is accumulating an unprecedented debt, Putin tripled Russian gold reserves and in the last quarter bought 55 tons, more that half of all gold purchased by the Central banks around the world”

  1. Veritas
    December 20th, 2014 @ 6:59 am

    It reminds readers of Aesop’s Fable of “The Tortoise and the Hare.”

  2. Fubar
    December 20th, 2014 @ 7:27 am

    But the Russian economy is now tanking and Putin is going to have to sell all that gold.

  3. dr_taitz@yahoo.com
    December 20th, 2014 @ 7:51 am

    no, they are not selling the gold. They are now using rouble for internal transactions and are limiting Western imports into Russia, which gives them an added benefit of developing their own industries instead of outsourcing

  4. Rich
    December 20th, 2014 @ 11:33 am

    Democrats and the rest of the world have always blamed our flourishing economy for their failures. Now that they have tanked ours the rest of the world is not better off for it but just as bad or worse.
    If we were the bad guy how come the rest of the world isn’t thriving with us out of the way? If profits were the bad guy how come government spending isn’t creating a booming economy? How come the media isn’t pointing this out. Could it be that government spending isn’t the source of profits after all?

    Could it be that God and Family is not the problem but is the solution? Could it be that democrats are not God but instead that God is God?

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