News, Rumors and Opinions Wednesday Afternoon
KTFA:
Samson: For the first time, Russia is paying in rubles a debt it borrowed in dollars
6th April, 2022
The Russian Ministry of Finance announced today that it has repaid foreign loans to dollar-denominated bonds in the Russian ruble, after a US correspondent bank refused to complete payment orders in the US currency
Thus, for the first time, Russia has paid for foreign loans in Russian currency
According to a statement issued by the Russian Ministry, an amount of $649.2 million was paid to foreign lenders in the Russian currency. Foreign Execution of orders in foreign currency
The Russian Ministry indicated in the statement that the payment process took place last Monday, April 4, 2022 LINK
Samson: The Russian-Ukrainian War Threatens The End Of The Dollar In The World
6th April, 2022
A report by the British newspaper, Mail in Guardian, confirmed that the repercussions of the Russian-Ukrainian war and the moves of the United States, the European Union and the United Kingdom may mean the end of the dollar in the world as a result of the lack of confidence in the policies of America, which is using the currency as a weapon for economic sanctions.
The report, which was translated by the "Information" agency, stated that "the confiscation of Russia's $300 billion reserves by the United States, Britain and the European Union may push other countries that deal in dollars or euros to secure themselves by moving away from the dollar in order not to face the same situation that Russia faces."
He added, "The threat to the dominance of the dollar is only one part of the repercussions. Complex supply chains, built on a stable trading system based on the principles of the World Trade Organization, are also threatened with collapse. The United States is discovering that Russia is not just an oil country as they thought, but also supplies the world with many vital materials that the United States needs for many industries in addition to its military not to mention the fact that Russia is also a major supplier of wheat and fertilizer.”
He continued, “The seizure of Russian money means that confidence in the United States as a global banker and in the dollar as a global reserve currency puts it in doubt, so why should countries maintain any trade surplus and spend it abroad if this surplus can be seized at will through sanctions imposed by the West?
He explained that "the theft by the United States of the reserves of the Afghan Central Bank, amounting to 9.5 billion dollars, means that America considers the dollar reserves of another country, which are maintained by the American Central Bank, as its money, as the United States government can seize this asset whenever it wants."
He pointed out that "the imposition of sanctions against countries such as Iraq, Libya and Venezuela and the confiscation of their assets has led to long-term negative effects on these countries, and therefore the world is moving towards securing itself, which will lead to the collapse of dealing in dollars, which means the end of US economic hegemony over the world." LINK
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Samson: The US Treasury deals a blow to digital currencies
6th April, 2022
The US Treasury has sanctioned a cryptocurrency exchange operating in Moscow and St Petersburg, Russia, and sanctioned a Russian market on the darknet
This decision is a severe blow to digital currencies that have been booming in the past weeks, especially after the exacerbation of European and American sanctions on the Russian financial system
The US Treasury decided to impose sanctions on the Hydra market and Garantex crypto exchange in the Russian Federation
US Treasury Secretary Janet Yellen said the sanctions against Hydra market and crypto exchange Garantex are sending a message to criminals that they cannot hide in the dark web
It said the new sanctions prohibit US citizens from providing or receiving any assistance or providing money, goods or services to either Hydra or Garantex
The US Treasury added, on its website, that it will seek in the coming days to freeze any assets they have
It is reported that the Hydra market accounted for nearly 86% of the illicit bitcoin received directly by Russian crypto exchanges in 2019, according to several studies LINK
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Courtesy of Dinar Guru
Pimpy Can actions of Russia help increase the exchange rate of the Iraqi dinar? Oh yeah it could! It absolutely could bring the rate back to where it was in the past...What did Russia do that could help Iraq increase the value of the Iraqi dinar? They moved into the gold standard...through the sale of their oil... Article: "Russia sets fixed gold price as it restarts official bullion purchases" What does this mean? [Post 1 of 3....stay tuned]
Pimpy ...You cannot buy Russian oil unless you use the Russian ruble. Right now around the world they use...the Petrodollar. In other words the United States dollar. Russia and China had already agreed to start doing trade in their own currencies. Saudi Arabia is agreeing to sell oil to China and Russia in their currencies and getting away from the greenbacks...these people are...moving us back into the gold standard...that's going to strengthen the currency which is going to be strengthened by its gold and the gold is going to come from the sale of oil. So what does that have to do with the Iraqi dinar? [post 2 of 3....stay tuned]
Pimpy ...What Iraq and OPEC should do is the same thing...We already saw the Russian ruble was devalued right when they got put under sanctions but in less than a month it has already regained all of the value it had lost. What do you think is going to happen to the currency now that's it's moved into the gold standard? It's only going to get stronger...if you force people to buy the oil using...the Iraqi dinar then it's going to increase the purchasing power of the Iraqi dinar. It's going to make it a stronger currency because more gold is coming in, more people are forced to use the currency - think supply and demand. Demand for the Iraqi dinar would increase big time...they should follow in the footsteps of what Russia is doing. [Post 3 of 3]
Tom Luongo: Will gold-backed ruble end metals manipulation
Arcadia Economics: 4-6-2022
It’s not an easy question to answer, or an easy situation to resolve. Although fortunately Tom Luongo of Gold, Goats, ‘N Guns joined me on the show to use his financial and geopolitical expertise to unravel what’s happening now. AND what to watch out for next.
So to find out how the gold-backed Ruble could affect the coverup of the destruction of the world’s reserve currency, click to watch this powerful video now!