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Russia is not Venezuela.
I have long argued that most of Venezuela’s monetary issues are due
to their unwillingness to return the gold they received from the Federal
Reserve. Goldman Sachs had offered to acquire Venezuela’s gold, when
the oil market began it’s slide and
OPEC decided to flood the market with oil.
The story line was OPEC was attacking the US shale oil market when this
move actually crushed Russia and Venezuela’s oil market. Venezuela,
eventually, accepted
Goldman’s offer and then found themselves in a world monetary trouble. Currently, Venezuela has little physical cash, no gold and their people are starving even though the country is floating on one of the largest oil reserves on the planet.
You can’t even THINK about confiscating someone’s else gold for if
you do it is considered an act of financial terrorism. But don’t worry,
it’s just a pet rock, barbarous relic and it most certainly is not
money!! Just ask any of the Western monetary masters and they will be
happy to tell you so.
 
While everyone is losing their collective minds over bitcoin hitting it’s latest “all time high” real money is still the topic of global trade, monetary systems and global war. Of course we are talking aboutreal, physical gold and not some digital blip-on-a-screen.
In a surprising, and unexpected warning – which seemingly
came out of nowhere – Russia’s Finance Minister Anton Siluanov
cautioned Washington yesterday that “
If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism.”
The comment appears to have been prompted by consideration of
escalating US/EU sanctions which could ultimately impact Russia’s
offshore held gold and reserves. If sanctions include the freezing of
foreign accounts of the central bank,
it would be equal to declaring financial war on Russia, Siluanov said, although he added that he considers such a scenario unlikely (for now).
After making the point that Russia’s budget is prepared for the possibility of tougher US/EU sanctions, RT reports that Siluanov warned if
the west include the seizure of Russia’s foreign exchange reserves, it
would be regarded as a “declaration of a financial war.”
According to Siluanov, the budget takes
into account the risk of income shortfalls. The budget is based on oil
prices at $40 per barrel, which is almost a third lower than the current
price.
The budget “has a margin of safety in
case of restrictions and sanctions.” It also includes losses incurred by
a probable ban on investment in Russian government bonds for foreign
funds. The US Treasury is currently considering such penalties.
“If we did not have a margin of safety,
then it would be easy to weaken us. And then, our so-called friends
would say – if you want to get help from the International Monetary
Fund, you must do this and that,” said Siluanov.
If sanctions include the freezing
of foreign accounts of the central bank, it would be equal to declaring
financial war on Russia, Siluanov said. He added that he considers such
a scenario unlikely.
As a reminder, in June, Reuters reported that soon after the Crimea reunification with Russia, the Central Bank of Russia allegedly withdrew about $115 billion from the New York Fed. After about two weeks, Russian officials reportedly returned most of the money to its Fed account. Source
WOW! As Dave Kranzler has said on a number of occasions during our Shadow of Truth
conversations, countries would sooner go to war over gold than to allow
gold to reveal the truth. The truth is the Federal Reserve no longer
has the gold they claim to have. Try to separate a nation like Russia
from their foreign accounts, monetary reserves and their gold and watch
what happens. Well, actually, we were just told what would happen.
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Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
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The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
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