The financial war between Russia with China’s tacit backing on one side, and America and her NATO allies on the other has escalated rapidly.
It appears that President Putin was thinking several steps ahead when he launched Russia’s attack on Ukraine. We have seen sanctions fail. We have seen Russia achieve record export surpluses. We have seen the rouble become the strongest currency on the foreign exchanges.
Putin’s 12,000 ton gold hoard has set the stage for an Asian Bretton Woods and the New Moscow Gold Standard.