Tying the ruble to gold will no doubt increase its value and thus give Putin leverage to demand the US, the European Union, and other nations to pay Russia in rubles instead of their own respective currencies; this move potentially affecting not only the value of the dollar, but also the Euro and other currencies as well.
In order for the dollar and other currencies to remain competitive in their value and remain competitive, they need to be tied to something that does not lose its value such as gold or silver.
One of the worst things to have happened in America, or any nation for that matter, is for a currency be under unilateral centralized control.
No centralized figure should be allowed to decide what a currency should be tied to but rather such decisions should be left to elected representatives and it is Constitutionally possible for a GOP controlled Congress and Senate to pass legislation demanding that the U.S. dollar be placed back on the gold standard so as to increase and preserve its value, but whether they can be persuaded to do so is another matter.
https://patriotunitednews.com/putins-official-counterstrike/?utm_medium=Onesignal&utm_source=Webpush&utm_campaign=PUN Tying the ruble to gold will no doubt increase its value and thus give Putin leverage to demand the US, the European Union, and other nations to pay Russia in rubles instead of their own respective currencies; this move potentially affecting not only the value of the dollar, but also the Euro and other currencies as well.
In order for the dollar and other currencies to remain competitive in their value and remain competitive, they need to be tied to something that does not lose its value such as gold or silver.
One of the worst things to have happened in America, or any nation for that matter, is for a currency be under unilateral centralized control.
No centralized figure should be allowed to decide what a currency should be tied to but rather such decisions should be left to elected representatives and it is Constitutionally possible for a GOP controlled Congress and Senate to pass legislation demanding that the U.S. dollar be placed back on the gold standard so as to increase and preserve its value, but whether they can be persuaded to do so is another matter.
https://patriotunitednews.com/putins-official-counterstrike/?utm_medium=Onesignal&utm_source=Webpush&utm_campaign=PUN