Free Fall of the Ruble: Who’s Behind it? Whose Chess Game?

20 December 2014

 - When Russia deems that her currency has reached rock-bottom, she will buy back cheap rubles in the market with massive amounts of dollars. Russia may then flood the western market – with dollars, euros and other western-allied currencies – and gold. Let’s not forget, the ruble is backed by gold. By now we know what flooding a market with currencies may do to these currencies – and simultaneously buy back rubles from the West. A brilliant move to reestablish Russia’s currency in a new emerging monetary system – which Europe would be welcome to join, but willingly, no by Washington style arm-twisting.

Surely, Russia is not interested to cause the sudden destruction of the dollar-linked financial world. She is not interested in a sudden death of the many countries that are potential new trading partners in a new monetary system. Instead, the fall of the western economy of deceit may be planned as a gradual slide, so that countries have time to switch – switch their reserves to rubles, yuans and other BRICS and SCO currencies. This move is on its way. Only ten years ago, dollar denominated securities constituted 90% of reserves worldwide. Today the rate is 60% and declining.