Island Of Misfits

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Forgepond.jpg
Too upsetting i need some coffee...
 
pute said:
Morning Misfits. So happy to wake up to all the great news both here and on the news. Makes me want to go and bury my head in the sand.

At least Joe is on the right track. I think I will have a cup now that he put a smile on my face.
Click to expand...
I agree, a member like Joe is just what the Passion Needed
Good Job JoeB
 
Unca Walt said:
Guys... This is world-shaking importance. And it is happening as you read this.

Lookit:
https://halturnerradioshow.com/inde...unced-ruble-bond-to-gold-5000-rubles-per-gram
The Central Bank of Russia has officially announced that as of March 28, 2022, the Russian Ruble currency is BOUND to Gold. The rate is 5,000 Rubles per gram of gold bullion.

There are 28 grams in each ounce. 28 grams times 5,000 rubles per Gram is 140,000 Rubles. Ya with me so far?

[Unca Edit For The Above: There are 31g/Troy Oz., not 28. It changes nuffin.]

The conversion rate of Rubles to U.S. Dollars is 100 Rubles, 90 Kopecs, to each US Dollar.

If Rubles are bound to Gold at 5000 Rubles per gram, and there are 28 grams per ounce, meaning one ounce of gold would cost 140,000 Rubles, then converting that to US Dollars means Gold is $1400 per ounce when using Rubles, instead of $1,928 per ounce using Dollars.

Russia just wiped out about thirty percent (30%) of the value of the US Dollar, worldwide, when it comes to Gold Bullion.

People around the world will be literally THROWING their money at the Ruble and DUMPING Dollars and EUROS to do it.

As of this hour, 10:39 PM EDT, I suspect Bankers all over the world are on the phones with each other and with heads of state, instructing them that what Russia has done will totally smash both the US Dollar and the EURO, and those Bankers will be telling the heads of State that World War 3 must commence immediately.

Here's why.

Today, the Russian Central Bank pegged Rubles to Gold.

Last week, Russia declared they would only sell OIL and GAS in . . . Rubles.

This means Russian OIL and GAS are pegged to Gold with Rubles as the proxy for Gold.

EFFECT: Europe (that needs Russian Gas and Oil) will now have to buy Rubles from Putin using Gold, or pay for the Oil and Gas with Gold itself.

Currently, the FOREX Rate for Rubles to Dollars is about 100:1

BUT . . . with 5,000 Rubles now equaling one gram of Gold, and oil being priced directly in Gold, we are going to see a MASSIVE price disruption in FOREX markets, in terms of how much Gold a Dollar can still buy. MASSIVE.

Foreign countries holding our Dollar Debt Notes in Reserve, will see an immediate, and far less use for them and will want to start dumping them in favor of something more stable; something which holds its value.

Basically, any currency pegged to Gold will fit the bill. which means countries like that -- like Japan -- will start dumping their Dollar Debt as fast as they can -- they are NOT going to go down with the ship! They will move into more stable currencies, like... the Ruble.

This will have a DE-flationary effect on the Ruble, making it more valuable over time.

This also means Putin can re-peg the Ruble any time he wants, to like 500, or 50, or 10. IT just keeps getting more valuable for him.

The instant result is that all those foreign countries dumping their Dollar Reserves will cause all those excess Dollars to start coming home, triggering worse hyper-inflation than we already have now in the USA.

Is it any wonder why political name was on stage last week calling for Regime change in Russia? He is about to have masses of angry and literally starving Americans marching through the streets here at home demanding answers.
Click to expand...
I get the gist, but isn't gold measured in Troy ounces, which are 25 grams?
WeedHopper said:
My Office. That picture was my Wife when we met 36yrs ago. Yeah I know Hippie. What the fk was she thinking marrying my mean ole ass.😁
That fish bowl also has a Glow fish living in it.
The plant in the red coffee container is growing DWC style. Has an airstone.
View attachment 291537View attachment 291538View attachment 291539View attachment 291540View attachment 291541View attachment 291542View attachment 291543
Click to expand...
Looks like you've always been surrounded by beautiful women. You are a fortunate man, my friend.
 
Hippie420 said:
I get the gist, but isn't gold measured in Troy ounces, which are 25 grams?

Looks like you've always been surrounded by beautiful women. You are a fortunate man, my friend.
Click to expand...
There was a boo-boo that I highlighted. There are 31 grams in a TROY ounce. Gold, he done be measured in Troy ounces.

This guy did all his math (correctly) using AVOIRDUPOIS ounces.

But it don't make.

Ounce/schmounce what is important is that if you want to buy an ounce/schmounce I doan givvashit what math you use, you are gonna pay 30% more if you pay in anything but Rubles.

LATE EDIT ADD: I notice on the OP that they also detected the inches/meters error I pointed out above. They CLAIM they fixed the numbers... They din'.

Don't make: The dollar is in trubble. All over the world as you read this.
 
Last edited:
Thanks guys for your awesome comments. She is just as beautiful on the inside. Her father was full blood Mexican and her mom was German Irish. She speaks Spanish and English fluently and boy can she cook. I have seven brother in laws.:oops: Truth is i have always gotten along great with her brothers.
When her father was dying from a heart attack i performed CPR and brought him back for a few minutes but he finally passed.😢
 
You must log in or register to reply here.

Similar threads

greenscreen13
How do you pull yourself out of the dumps?
4 5 6
Replies
112
Views
2K
greenscreen13
greenscreen13
T_Dub
TDub’s First Time Cloning and DWC
Replies
16
Views
328
T_Dub
T_Dub
Draig
Hello MJ Passion
3 4 5
Replies
88
Views
3K
greenmobster440
greenmobster440
NewbOldster
Happy Birthday, Dad.
2
Replies
28
Views
1K
Hippie420
Hippie420
Kindbud
Worst Year Of My Life!
2 3
Replies
56
Views
3K
Bugus_Monkey
Bugus_Monkey

Latest posts

Back
Top