Russia's introduction of a “gold standard” can save the world
In the total confrontation launched today by the Western world against Russia economic aspect plays a role, at least not less than militarypolitical. The main weapon of America and its satellites today is the dollar and the world financial system, which is sometimes even more effective weapon of geopolitical domination than bombers and cruise missiles.
By depriving their enemies of this truly crushing weapon, Russia would not only ensure its own security and really return to the status of a superpower - it would bring peace to all other countries for long, long years. The American dollar is the currency of war, which owes war to its dominance in the global economy. In fact, this monetary unit is a real vampire, who received his strength from human blood and cannot exist without its shedding. But in due time mankind did fine without him!
The best years in which civilization developed relatively calmly and stably, not knowing the world wars and global economic crises, are not without reason called the "golden age". This is not a figurative expression at all, since the so-called gold standard reigned in the world economy at that time. Recall briefly what it is.
Gold has been used to mint coins since ancient times in Greece and Rome. According to some versions, the one who was the first in this metal to realize his profile on money was none other than Alexander the Great, who dreamed of a world empire. In the Middle Ages, however, the role of “coin” metal in Europe was played to a greater extent by silver. Oddly enough, gold owes its accession as a global payment equivalent just ... paper! It was with the advent of such things as promissory notes and analogues of modern futures, but, most importantly, the massive and almost universal introduction of paper money - banknotes, “yellow metal” that became the official foundation of the global credit and financial system.
Great Britain introduced it first in the early 19th century. The new system turned out to be so successful that soon most of the countries of Europe and the USA switched to it. Russia adopted the gold standard in 1896 and this was the beginning of its financial heyday. It is not surprising - in 1983 it was in Russia that 18% of all gold in the world was mined - 42 tons! According to many historians, it was the Russian Empire at the beginning of the First World War that was the state with the largest gold reserve in the world.
What, in fact, was the essence of the gold standard? Without going into special subtleties - the main thing in it was that the states that recognized this standard were obligated to rigidly “tie” the value of their own monetary unit to a well-defined physical volume of gold. Thus, the British pound "weighed" 1 \ 4 ounce of gold. American dollar - five times less - 1 \ 20 ounce. (Recall - an ounce in this case equals 31.1 grams) Gold royal chervonets (10 rubles) contained 7.78 grams of pure gold of 900 samples.
Moreover, each state minted its own gold coin, which performed not only an “investment” or souvenir function, but had a very real circulation as a means of payment. The most important thing was that at any moment any person holding bank tickets of the states participating in the gold standard system could exchange them for the corresponding amount of real precious metal, and at a fixed rate. Gold was the main means of accumulation and payment, covering any financial obligations - both private and public.
Many historians and economists believe that the gold standard was not without certain flaws. Like, it restrained rapid economic growth in some ways, made the financial stability of the state directly dependent on gold reserves and production volumes (for Russia, this item is not just a minus, but a plus!), And also ... "made financing difficult warfare! ” Well, there are no comments at all. With all this, absolutely all experts agree on one thing - the gold currency standard gave the world economy, trade, and the financial system incredible stability! Until the 30s of the last century, the world, in fact, did not know inflation at all - in any case, at its terrifying scale and pace.
The gold standard killed the First World War. I think, after some of the calculations I have stated above, some will no longer find conspiracy theories of the theory that Britain was dragging Russia into this conflict, which was absolutely unnecessary for her, in order to destroy the “golden” competitor her in a peaceful competition of currencies. Who knows, if our country had received, instead of two destructive wars in a row, another decade or two of normal development, and the financial center of Europe, and even the whole world, would not be London, but St. Petersburg or Moscow.
However, what didn’t happen, it didn’t happen ... The first waves of a truly global crisis were generated by the four-year-long carnage and the revolutions that followed, in the fire of which whole empires were killed. Britain tried to return to the gold standard, but the ongoing inflation process brought all these attempts to naught. And then the Great Depression struck, finally putting an end to the “Golden Age”. In 1931, Britain refused to sell gold. And in 1933, the USA carried out a total withdrawal from circulation of every single coin from precious metals - an operation to rob the population, in comparison with which our post-perestroika “monetary reforms” are just babble. But the dollar is stopping its rapid devaluation and for many decades it is strengthening at a cost of 35 "bucks" per gold ounce.
It was possible to establish itself as the world hegemon of the American currency in 1944 after the Brexton-Woods conference. On it, the world powers, abandoning the classical gold standard, switched to the so-called "gold exchange" system. With her, world currencies were tied to the currency of the country that had the greatest gold security. It is not surprising that in the world already tormented by World War II, the United States of America turned out to be such - a state that only did that profit from the mutual destruction of the peoples of Europe and Asia. The profit from cooperation with Nazi Germany and its unscrupulous robbery after the defeat of the Third Reich, the predatory "land lease" and other, far from disinterested "assistance to the allies", loans granted to half the world at robbery interest - for America, precisely two world wars became the guarantee of this prosperity day.
Finally, the principle of mandatory provision of national currencies with a gold equivalent was buried in the 70s of the last century. Gold reserves of states are turning into gold and foreign exchange, which leads to the general accumulation of US dollars and the dominance of the US Fed around the world. The slightest attempts to get rid of the "green" noose are punished immediately and with utmost cruelty. Muammar Gaddafi’s intentions to start minting the gold dinar and transferring payments for Middle Eastern oil to it, to take the first step to returning the gold standard, led to his murder and the complete destruction of the state that he controlled. The United States, in the struggle to maintain world dominance of its “vampire currency,” is ready to shed blood in unlimited quantities - alien, naturally.
Today, the only countries on the shoulder to rid the world of dollar dictatorship are Russia and China. Beijing has already announced its intention to mint a golden yuan - and in all seriousness. One way or another, but these two countries today are buying record volumes of gold on world markets. By mutual agreement, joining forces in the struggle against the United States equally hostile towards both of them, Russia and China may well return the world economy to the “golden age”, taking their rightful place in the new geopolitical picture of the world.
What awaits our planet in this case? It is impossible to make accurate forecasts, however, the end of the bloody and dirty "era of the dollar" will definitely bring her much more stability, eliminating global crises and large-scale wars.
By depriving their enemies of this truly crushing weapon, Russia would not only ensure its own security and really return to the status of a superpower - it would bring peace to all other countries for long, long years. The American dollar is the currency of war, which owes war to its dominance in the global economy. In fact, this monetary unit is a real vampire, who received his strength from human blood and cannot exist without its shedding. But in due time mankind did fine without him!
The best years in which civilization developed relatively calmly and stably, not knowing the world wars and global economic crises, are not without reason called the "golden age". This is not a figurative expression at all, since the so-called gold standard reigned in the world economy at that time. Recall briefly what it is.
Gold has been used to mint coins since ancient times in Greece and Rome. According to some versions, the one who was the first in this metal to realize his profile on money was none other than Alexander the Great, who dreamed of a world empire. In the Middle Ages, however, the role of “coin” metal in Europe was played to a greater extent by silver. Oddly enough, gold owes its accession as a global payment equivalent just ... paper! It was with the advent of such things as promissory notes and analogues of modern futures, but, most importantly, the massive and almost universal introduction of paper money - banknotes, “yellow metal” that became the official foundation of the global credit and financial system.
Great Britain introduced it first in the early 19th century. The new system turned out to be so successful that soon most of the countries of Europe and the USA switched to it. Russia adopted the gold standard in 1896 and this was the beginning of its financial heyday. It is not surprising - in 1983 it was in Russia that 18% of all gold in the world was mined - 42 tons! According to many historians, it was the Russian Empire at the beginning of the First World War that was the state with the largest gold reserve in the world.
What, in fact, was the essence of the gold standard? Without going into special subtleties - the main thing in it was that the states that recognized this standard were obligated to rigidly “tie” the value of their own monetary unit to a well-defined physical volume of gold. Thus, the British pound "weighed" 1 \ 4 ounce of gold. American dollar - five times less - 1 \ 20 ounce. (Recall - an ounce in this case equals 31.1 grams) Gold royal chervonets (10 rubles) contained 7.78 grams of pure gold of 900 samples.
Moreover, each state minted its own gold coin, which performed not only an “investment” or souvenir function, but had a very real circulation as a means of payment. The most important thing was that at any moment any person holding bank tickets of the states participating in the gold standard system could exchange them for the corresponding amount of real precious metal, and at a fixed rate. Gold was the main means of accumulation and payment, covering any financial obligations - both private and public.
Many historians and economists believe that the gold standard was not without certain flaws. Like, it restrained rapid economic growth in some ways, made the financial stability of the state directly dependent on gold reserves and production volumes (for Russia, this item is not just a minus, but a plus!), And also ... "made financing difficult warfare! ” Well, there are no comments at all. With all this, absolutely all experts agree on one thing - the gold currency standard gave the world economy, trade, and the financial system incredible stability! Until the 30s of the last century, the world, in fact, did not know inflation at all - in any case, at its terrifying scale and pace.
The gold standard killed the First World War. I think, after some of the calculations I have stated above, some will no longer find conspiracy theories of the theory that Britain was dragging Russia into this conflict, which was absolutely unnecessary for her, in order to destroy the “golden” competitor her in a peaceful competition of currencies. Who knows, if our country had received, instead of two destructive wars in a row, another decade or two of normal development, and the financial center of Europe, and even the whole world, would not be London, but St. Petersburg or Moscow.
However, what didn’t happen, it didn’t happen ... The first waves of a truly global crisis were generated by the four-year-long carnage and the revolutions that followed, in the fire of which whole empires were killed. Britain tried to return to the gold standard, but the ongoing inflation process brought all these attempts to naught. And then the Great Depression struck, finally putting an end to the “Golden Age”. In 1931, Britain refused to sell gold. And in 1933, the USA carried out a total withdrawal from circulation of every single coin from precious metals - an operation to rob the population, in comparison with which our post-perestroika “monetary reforms” are just babble. But the dollar is stopping its rapid devaluation and for many decades it is strengthening at a cost of 35 "bucks" per gold ounce.
It was possible to establish itself as the world hegemon of the American currency in 1944 after the Brexton-Woods conference. On it, the world powers, abandoning the classical gold standard, switched to the so-called "gold exchange" system. With her, world currencies were tied to the currency of the country that had the greatest gold security. It is not surprising that in the world already tormented by World War II, the United States of America turned out to be such - a state that only did that profit from the mutual destruction of the peoples of Europe and Asia. The profit from cooperation with Nazi Germany and its unscrupulous robbery after the defeat of the Third Reich, the predatory "land lease" and other, far from disinterested "assistance to the allies", loans granted to half the world at robbery interest - for America, precisely two world wars became the guarantee of this prosperity day.
Finally, the principle of mandatory provision of national currencies with a gold equivalent was buried in the 70s of the last century. Gold reserves of states are turning into gold and foreign exchange, which leads to the general accumulation of US dollars and the dominance of the US Fed around the world. The slightest attempts to get rid of the "green" noose are punished immediately and with utmost cruelty. Muammar Gaddafi’s intentions to start minting the gold dinar and transferring payments for Middle Eastern oil to it, to take the first step to returning the gold standard, led to his murder and the complete destruction of the state that he controlled. The United States, in the struggle to maintain world dominance of its “vampire currency,” is ready to shed blood in unlimited quantities - alien, naturally.
Today, the only countries on the shoulder to rid the world of dollar dictatorship are Russia and China. Beijing has already announced its intention to mint a golden yuan - and in all seriousness. One way or another, but these two countries today are buying record volumes of gold on world markets. By mutual agreement, joining forces in the struggle against the United States equally hostile towards both of them, Russia and China may well return the world economy to the “golden age”, taking their rightful place in the new geopolitical picture of the world.
What awaits our planet in this case? It is impossible to make accurate forecasts, however, the end of the bloody and dirty "era of the dollar" will definitely bring her much more stability, eliminating global crises and large-scale wars.
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