(Vid In.)The flight out of US dollars has intensified…This signals the collapse of American power!

Greetings,

Note: And the nations are headed for war. Economic wars, currency wars, and sanctions wars are usually followed by shooting wars according to history. Everyone is trying to prepare. They’re all fighting for survival!

The preparations for war is speeding up. The great powers of this world know that conflict is inevitable. Look at the moves being made!

Putin stockpiles gold as Russia prepares for economic war

Russia’s central bank added to its reserves of bullion in the third quarter, according to the latest report from the World Gold Council

—
Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West.
The latest research from the World Gold Council reveals that the Kremlin snapped up 55 tonnes of the precious metal – far more than any other nation – in the three months to the end of September as prices began to weaken.

Vladimir Putin’s government is understood to be hoarding vast quantities of gold, having tripled stocks to around 1,150 tonnes in the last decade. These reserves could provide the Kremlin with vital firepower to try and offset the sharp declines in the rouble.
Russia’s currency has come under intense pressure since US and European sanctions and falling oil prices started to hurt the economy. Revenues from the sale of oil and gas account for about 45pc of the Russian government’s budget receipts.
The biggest buyers of gold after Russia are other countries from the Commonwealth of Independent States, led by Kazakhstan and Azerbaijan…..MORE HERE   

Also see this: Russia Is Preparing For A “Catastrophic” Oil Price Collapse

Vladimir Putin told the state-run TASS news agency that Russia’s economy faces a potential “catastrophic” slump in oil prices, saying, as Bloomberg reports, such a scenario is “entirely possible, and we admit it.” However, Putin reassures that with reserves at more than $400 billion, the country will weather such a turn of events because “we handle our gold and currency reserves and government reserves sparingly.”

“We’re considering all the scenarios, including the so-called catastrophic fall of prices for energy resources, which is entirely possible, and we admit it,” Mr Putin told the state-run Tass news service before attending the G20 summit.

“Our reserves are big enough and they allow us to be sure that we will meet our social commitments and keep all the budgetary processes and the entire economy within a certain framework”…..MORE HERE

Click here for reuse options!
Copyright 2014 Hiram's 1555 Blog