“Bretton Woods 3” – Seeds of Wisdom RV/GCR Update(s) from Goldilocks 4-17-24

Goldilocks and Seeds of Wisdom “Russian gold exports have stopped since the start of this year after new exchange-rate-linked duties, Danil Volkov, director of the finance ministry’s tax policy department, told the  Federation Council, the upper chamber of parliament.” This year, Russia is in process of abolishing their export duty on gold. This is a government tax on goods leaving the exporting country. It is collected by the customs authorities. A gold-exchange rate-linked duty is a monetary system where a nation’s gold can be converted into bills of exchange such as the Ruble. Such moves open the door to a…