I know Byron would hate me saying this, but this Harvard-trained geologist and a former cadre US naval officer with massive experience, when he speaks resources and money–you can take it to the bank. Yes, he is that good. Here is Byron’s latest on the geopolitics of the resources and gold-based Ruble.
If you follow war news from Ukraine, no doubt you’ve seen gruesome images of wrecked tanks, burnt trucks, demolished personnel carriers and more. Whether it’s Russian or Ukrainian equipment, almost everything you see is based on old Soviet-era designs such as T-72/64 tanks, or boxy BMP armored vehicles, etc. And when a rocket or shell hits those things the internal fuel and ammunition cooks off, and the machines burn like a torch. Bad design, obviously. But there’s another Russian weapon that was also recently deployed, and it appears to be working very well. You won’t find this system on the battlefield, though. In fact this Russian device is an economic weapon, and it may prove to be one of the most impactful implements of war in the modern age. That is, the government of Russia recently pegged that country’s currency – the ruble – to gold. And right now, Russia’s central bank will buy gold at 5,000 rubles per gram through June 28. (After that, we’ll see.)
It is an excellent piece, which you can read by following the link in the quote and it explains the larger framework of what Russia is doing in Ukraine and why this operation has a massive global impact. I stress it all the time, including in my videos, keep your eyes on the main prize and this prize is a demolition of the remnants of Pax Americana and establishment of a truly new world order where nations will be free to trade how they want and could be treated fairly instead of being bombed into stone age–that is the main prize. This is why such a level of neocon and American “exceptionalists” rage, impotent rage. I highly recommend this article.