Russian Gold-Backed Cryptocurrency May Be Used For Weapons Sales

Gold-Blockchain is a Solution while Bitcoin is Not

Gold-Blockchain is a Solution while Bitcoin is Not

Our fiat money could never work for long. The gold monetary system of past did not fail by fundamental design. Central bankers first perverted it with paper notes and leveraged markets. Finally, in 1971, government abandoned it due to their own overspending. The resulting fiat we have today will fail by design, it never had a chance. Money cannot be baseless and printed into infinity. Having a central authority issue money at will results in corruption, class...
Read More
Ancient and Early Modern History of Gold

Ancient and Early Modern History of Gold

Admiration of gold predates history. The earliest known history of gold is a golden treasure dating back to 4600 BC. One of the earliest known Egyptian maps, the Turin Papyrus Map, shows detailed plans for a gold mine. The Aztecs regarded gold as the product of the gods, calling it literally “gods excrement”. Civilizations from every corner of the world clearly made great connections with their Gods and Gold. Today the world is full of gold...
Read More
Top 10 Gold Misconceptions & Propaganda on the Internet

Top 10 Gold Misconceptions & Propaganda on the Internet

There are many gold misconceptions distributed about. The propaganda is meant to keep us from buying gold. The Federal Reserve is a private institution representing the interests of 12 US banks. The Fed's foremost agenda is to defend their banking system. Secondarily it represents broad economic interests as mandated by US Congress. Those objectives do not always work in harmony. Gold is the central bankers Achilles heel. Interest in gold means people are losing faith in...
Read More
Gold Backed Money Based On Blockchain is Coming

Gold Backed Money Based On Blockchain is Coming

Countries are going to begin using digital gold-blockchain monies. Blockchain is fast, efficient and transparent. Governments can collect taxes directly on-chain with a centralized core, but distributed ledger. You'll spend money on a debit card like you do now, it will be very similar, you won't tell the difference in the way it spends. Russia and China have been buying large amounts of gold and silver recently. Countries such as Germany, Netherlands, Hungry, Turkey and others...
Read More
Gold-Backed Blockchain

Gold-Backed Blockchain

You won't be buying things with actual coins. You wont be using paper 'dollars' representing gold (as in the past). Those things won't even exist. The future is a digital money. Something incorruptible, verifiable and fast: a distributed blockchain ledger. Yes, it is similar to cryptocoins today. But not exactly. The difference is that the source code will be managed by your issuing government. Another difference is that it will be backed by gold. The coins...
Read More
Fiat Money & Rigged Markets

Fiat Money & Rigged Markets

Our fiat money system was designed to fail. The government borrows money from the Federal Reserve with interest attached. As time goes on, the debt compounds and raises exponentially. There comes a a time when that money is impossible to repay unless ever more is created, bringing about hyperinflation. The value of money drops dramatically during hyperinflation due to the massive amount issued by the bank, diluting the existing supply. The only cure is printing more...
Read More
Gold Blockchain Basics

Gold Blockchain Basics

It is difficult to entertain the idea of combining gold with blockchain without a thorough understanding of each. Government needs to assume responsibility for protecting and insuring our money considering how critical it is to the health of the country. A gold-backed blockchain system will give great faith in the health and security of our economic engine. Blockchain is a distributed public ledger containing a transaction history. This ledger is stored on multiple systems across a...
Read More

Warning: file_get_contents(http://thegoldchronicle.com/wp-content/uploads/2018/11/file-1.gif): failed to open stream: Cannot assign requested address in /home/thegoldc/public_html/wp-content/themes/alante/header.php on line 123
Get Nord VPN the best VPN

Russian lawmaker Vladimir Gutenev, in an interview with the country’s Tass news agency suggested Russia should use gold-backed cryptocurrencies for collecting money from its export of weapons. The lawmaker said Russia should “consider the possibility of conducting transactions in cryptocurrencies that are linked to the value of gold.”

Such a move could allow Russia to sidestep attempts by the U.S., whose sanctions prevent or limit the trade of Russian arms and various other goods.

With regard to conducting transactions in cryptocurrencies with specific countries, Gutenev mentioned: “And I’m sure that this will be a very interesting option for China, India, and other states as well.”

Recently, a top Pentagon official warned India there were no guarantees for a special waiver from the U.S. sanctions if it bought new weapons platforms from Russia.

“It’s no secret that serious pressure is being put on Russia, and it will only get worse. It is intended to deal a blow to defense cooperation, including defense exports.”  Gutenev said. “We see that the Americans now speak about the possibility of sanctions against the countries that purchase Russian weaponry…”

Gutenev also said his country should take radical measures to prevent the pressure being put on them by current U.S. foreign policy.

“I believe that now Russia has to draw its own red lines. The time has come to ponder on variants of an asymmetric response to the U.S., which are now being suggested by experts and are intended not only to offset their sanctions but also to do some retaliatory damage,” Gutenev said.

In the interview, the lawmaker also mentioned stationing of Russian tactical nuclear weapons in countries like Syria, and ending certain treaties with the U.S., and mentioned the treaty on non-proliferation of nuclear technologies as an example of the kind of agreement experts think Russia should end.

The recent sanctions would terminate some financial assistance and arms sales to Russia from the U.S., as well as deny the country credit and prohibit it from exporting security-sensitive goods and technology. This sanction was a result of series of events following the alleged involvement of Russia in the poisoning of former spy Sergei Skripal and his daughter Yulia in Salisbury, near London.

61 total views, 15 views today


Warning: file_get_contents(http://banners.bullionvault.com/en/BV_468x60_v1.gif): failed to open stream: Connection refused in /home/thegoldc/public_html/wp-content/themes/alante/single.php on line 19
Buy gold at BullionVault



Warning: file_get_contents(http://thegoldchronicle.com/wp-content/uploads/2018/11/728x90BW-2.png): failed to open stream: Cannot assign requested address in /home/thegoldc/public_html/wp-content/themes/alante/single.php on line 32
Buy Bluehost $3.95 Hosting

Related Reading


Warning: file_get_contents(http://thegoldchronicle.com/wp-content/uploads/2018/11/file-1.gif): failed to open stream: Cannot assign requested address in /home/thegoldc/public_html/wp-content/themes/alante/single.php on line 45
Get Nord VPN the best VPN
You do not need to Login to comment.
avatar
2000
  Subscribe  
Notify of
Scroll Up