Well, isn't this just fascinating?!
https://www.zerohedge.com/markets/new-gold-standard-kremlin-confirms-intention-back-ruble-gold-and-commoditiesNone of this is new. Russia's Chi-Com allies have long sought to displace the dollar as the worlds reserve currency...but the Yuan is not the ideal vehicle and the Communist Masters not the right managers the majority of the world would accept. I believe the Chi-Com's allowed the Russian state to take a lead in this...which given the Ukraine invasion is curious now...but in pre-invasion terms there was less distrust of Russia than China in a global sense...now, they are appearing not all that different from the ambitious Communists.
Anyway, so plow ahead with a commodities-based Ruble...but even the fella interviewed (more on that chap in a bit) admits initially this is an "internal" launch. There's a lot that has to happen to create even limited utilization in international commerce terms, and much of that pending conclusion of the Ukraine affair. But, expectations of the Ruble as the new world reserve currency is very premature...and if in a post-Ukraine world it occurs in the next decade...I predict if it is successfully rolled out to the world...the Russians won't have to worry about the Dollar and America...but the Yuan and the jealous Communist Chinese, whose larger GDP (assuming things return to a pre-scamdemic/pre-Ukraine normalcy) will overtake Russia's Ruble.
And America, unless collapsed and ruined...would still be around as would the Dollar, even if weakened and battered...because none of the other surviving partners would be in any better position. So, a bifurcated system seems highly likely.
Now, to the most interesting part...this all spilling out of the person of Nikolai Patrushev, Secretary of the Russian Security Council...the man I hold accountable for the disappearance of Defense Minister Shoigu...
It seems to me, Niko's rise...blessed honestly or by intimidation by Putin, seems to have elevated this hardliner of hardliners to a position second in actual power to only Putin himself...and I cannot say this bodes well for the future of the planet. If his increased stature is blessed by Putin he is the heir-apparent to the expanding Rus Empire...if it is being driven by him Putin's days could be numbered. Being no fan-boy of Putin...Patrushev replacing him elevates my concern ten-fold.
