Petro-Ruble Takes Down Dollar & Drives Up Gold – Bill Holter

by Greg Hunter
USA Watchdog

Precious metals expert and financial writer Bill Holter said that at the end of last year, both the lies and money printing were going to get much worse. Holter predicted, “The risk for a meltdown from these levels, the risk has never been higher or could be higher than it is right now. You have got everything going in the wrong direction. . . .” Fast-forward to today, and you see huge inflation, economies wrecked and Russia demanding payment for oil and gas in rubles. Holter explains, “This is the biggest news since 1973 when oil started being backed by the U.S. dollar. There is nothing bigger. Understand, Gaddafi (Libya) did this. Saddam Hussein (Iraq) talked about the gold dinar, or a gold backed currency, and what happened? They got killed, and their countries got invaded and their gold stolen. This time is different because you are not going to have the U.S. military go into Moscow, depose Putin and steal their gold. . . . From a Russian standpoint, they are selling Russian goods, they want to be paid in rubles and they want to buy gold. . . . They are not provoking a war, and they are not provoking the west, but they have created a currency war between the ruble and the dollar. What happens with the arbitrage is the world does the dirty work by making a profit if western gold is too cheap. It’s brilliant.”

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