Putin Returns To The Gold Standard For Its Currency

submitted by Orangutan from (magspunch.com)

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]raven9 10 insightful - 2 fun10 insightful - 1 fun11 insightful - 2 fun -  (2 children)

The USD is backed by an extortion racket. For real. That is no exaggeration. Artificial demand for USD is created by forcing oil producing nations to make their oil sales in USD. This has been the case for the last 50 years and is the reason for the constant U.S. interference in the middle east. It began in the 1970's. In classic mafia style the Nixon administration offered the oil producing nations "protection" from their enemies. In return for that protection they must promise to make their oil sales in USD. If they refuse that protection and decide to make oil sales in other currency they will be overthrown/invaded/destroyed.

[–][deleted] 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

Underrated comment. This is "modern economics" for you.

[–][deleted] 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

Have an upvote. This is a beautiful synopsis of the brutality of the Western way to world domination.