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Putin Plays A Golden Card

Western economic sanctions against a Russian bank have prompted Putin to allow the bank to issue notes in any currency, including gold. Turd Ferguson details what's going on behind the scenes of the so-called Ukrainian crisis.


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Is that Mr. Ferguson's real name, Turd?


He's probably a tough bastard.

War is a coming...

The U.S. has destroyed half of the middle east to put a stop to what Russia is about to do. Hold on to your asses folks.

The war on terror is a failure. Time to go back to plan B:

cold war.

Defeat the panda-industrial complex

I am dusk icon. anagram me.

Heck I'll start taking

Heck I'll start taking payment in Russian notes if it doesn't inflate as bad.

1 Russian Ruble equals 0.028

1 Russian Ruble equals
0.028 US Dollar

Almost 3 whole pennies on the world exchange.


Never be afraid to ask simple questions.

It has lost almost 30%

of it's value against the dollar since it was revalued in 1998. It takes about 40% more rubles to buy a dollar today than it did when it was first revalued.

For perspective how much did

For perspective how much did the dollar lose against itself since then (1998)? Seems I'm paying twice as much for a cup of coffee now.

for perspective

whatever that amount was that the dollar lost, the ruble lost 30% on top of it. And it takes 40% more rubles to buy that weakened dollar.

"The next global financial

"The next global financial system will not be based upon the endless printing of paper currency, backed by a sole superpower hegemon. It will, instead, be backed with gold.

China, Russia, India, Brazil, South Africa and all of the creditor nations know that this is an eventuality."


Paper currency? Over 50% of my customers pay with a credit card.

In almost 10 years of business, I have never had a single customer that wanted to pay with gold.

Gold is old. Digital money is what the global market demands.

The old world order folks can sing about the glory of gold all they want, but Mark Dice has shown how the average consumer thinks gold is not worth buying.


Here's another example of what the average US consumer (the biggest consumer in the world) thinks about gold.


Nobody wants to carry over $500 of cash on them to buy inventory supplies for their business.

Credit cards are much easier, and I get 5% cash back on everything I buy that amounts to over $150 a month.

Visa, MasterCard, American Express and Discover Card are no longer accepted in Russia.

I opened my business with 0% interest for 12 months on over 10 credit cards.

Thank you, Chase Manhattan, Wells Fargo, Visa, MasterCard, Discover, and especially American Express for without them, I wouldn't be able to be paying off my 2013 tax debt at 0% interest for 15 months.

Credit matters.

Gold matters too, as jewelry, not money in the 21st Century.

Ladies aren't going to be carrying heavy gold coins in their purses any time soon, and men aren't going to be buying man purses any time soon to accommodate their load of gold bullion.

Never be afraid to ask simple questions.


A few things, If I may

The average US consumer...yeah, not what I'd refer to as a well-informed source. I don't care what the average Joe six-pack wants, I care about what my trading partners want, and that's precious metals.

As far as people using credit, sure, and most of those 50% of people that you cited are very likely up to their eyeballs in debt. When I deal with someone, I want my payment *now*, not promised to me later. Personally, I've been meeting more people who are getting away from credit cards and moving towards metal, guns, ANYTHING besides the FRN. And I'm not just talking about 'fringe' types either-- I'm talking about regular old neighbors and people around my town.

Also, "Carrying around heavy gold coins"? I mean really? That's as bad as the "you can't eat gold" argument. If you've been here this long and still don't understand that the gold itself doesn't have to be (or even *should* be) used as a medium of exchange, then I don't know what else to say.

A signature used to be here!

You don't need to carry

You don't need to carry physical gold. Just have the paper backed by gold or some commodity of value. Every fiat in global history has failed to zero. Golds value remains, and increases over thousands of years.