by Dr. Paul Craig Roberts
Lots of startling changes yesterday. Russia announced, apparently, a gold-backed or gold-related ruble. I haven’t had time to think about all the implications. Information is hard to come by, because the US blocks Russian news in order to control the Ukraine narrative and war propaganda. The Bretton Woods system collapsed when the West seized Russian central bank reserves, and it seems that the gold ruble adds to the end of the US dollar as world reserve currency under Bretton Woods. The implications could be vast, and the Washington idiots might very well wish they had left the Russians alone. I told them over and over that Russia had had enough of them, but the arrogant idiots didn’t listen. The sanctions, it seems, have brought about regime change in the West, reducing its power and influence.