| Linking the ruble to gold and commodities is a brilliant strategy
12 May 2022 Linking the ruble to gold and requiring gas and oil payments to be made in rubles is a brilliant strategy. This implies that while the contract price for these commodities remains unchanged their value is protected from the debasement of buyers' currencies. This strategy has already made the ruble the strongest currency globally. It protects the value of the ruble and everything priced in rubles. The US and UK stand out for having the most debased currencies globally. While their economies are gripped by hyperinflation, they enter economic and social collapse and have food and energy shortages, Russians will have plenty of food, affordable energy, industrial growth and a robust economy that provides for their future.
|