#ruble #natgas #Russia #Putin #euro #Petrodollar #BrettonWoods #geopolitics #inflation #commodities #stocks #bonds #UK #Sunak #CostofLivingCrisis
Video Chapters:
00:00 Introduction
01:49 Putin to Price Natural Gas in Rubles
07:28 Sunak's Tinkering
12:14 The Shift from Paper to Hard Assets
17:21 Market Update
21:10 Conclusion
Today we will look at President Putin's announcement that Europe will have to pay for the gas that it buys from Russia in rubles.
This decision shows that countries are now standing up to the West's monopoly on monetary affairs since the closing of the gold window back in August of 1971.
Our conclusion is that this marks a major shift away from the Petrodollar or Fiat Dollar system into a multi-polar monetary world in which gold should play an important role.
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