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"Golden ruble" and the lessons of the past - who and why is pushing Putin to his introduction
Material posted: Publication date: 02-06-2014

On 30 March, before the building of the commercial Bank "Russia" appeared a Golden (or gilded) Russian ruble symbol. It was a kind of PR action for the management of the Bank (and, maybe, the leadership of the country) in response to Western attempts to dictate his terms to the Russian language economic sanctions. Specifically, it was our response to the blocking of operations of the Bank "Russia" with payment cards Western firms Visa and MasterCard. Specified PR campaign was also supplemented with a statement of the management of Rossiya Bank that the credit institution goes to transactions exclusively in the national currency, i.e. in rubles.

Gold is the currency needed by the Rothschilds

Since the end of March the creation of a national payment system and the transition to the use of the national currency in domestic and foreign operations of Russian banks and companies became a Central one in our media. The topic is very extensive. Will focus on the problem of the possible use of the ruble in international settlements. For the reason that in the course of numerous discussions there was a strong shift of emphasis. Even there was a substitution of concepts. First talked about the Golden symbol of the ruble, and then with a light hand some journalists started talking about the Golden ruble. And even began to ascribe to President Vladimir Putin the idea of the country's transition to a gold ruble. Appeared catchy headlines like: "Vladimir Putin is doing the brunt of ... "Gold ruble"".
The President of such a strike is not made and, to our knowledge, is not even planned. And, thank God, not done and not planned. Desired (by someone) is in possession of. Vladimir Putin in the last decade of the caution voiced the idea that we should sell our energy products and raw materials not only for dollars and other foreign currencies, but also for rubles. Has even created a commodity exchange to trade oil for rubles. But "unwind" the trade failed. Critics of the idea of the transition to the ruble in foreign trade of Russia quite rightly draw attention to the fact that the national currencies of the countries-exporters of raw materials and energy (and Russia refers to as such) are extremely unstable. Therefore, the attitude of the participants in the markets for such currencies are very cautious. In this regard, proponents of replacing dollar with ruble I propose to make a Golden ruble. Then, they say, the ruble will turn into a concrete currency, is not subject to any market winds. This implies that we have a uniform Golden ruble that will be used both domestically and in external payments. Some of the supporters of this project nostalgically recalls the Golden ruble Witte, who was born in 1897, some Golden Ducat G. Sokolnikov mid-1920s.
But the experience of using gold currency in our country shows that games with the "Golden calf" end in failure and even tragedy. Unfortunately, in our literature it is extremely rare to find a serious analysis of the implications of the introduction of the gold ruble, the then Minister of Finance S. Y. Witte. Let me remind you that the Russian ruble in the second half of the 19th century walked for European exchanges and was a favorite "toy" for currency speculators in Berlin, Paris and other European financial capitals. Even predecessors Witte Finance Ministers Bunge and vyshnegradsky offered to strengthen the ruble, making it Golden. But all it took was a solid gold reserves, of which Russia had. Although Russia was a gold-producing country, but to create an adequate supply it was necessary to dig and wash out the precious metal for several decades. Another source of replenishment of gold reserves could be the export of grain. Vyshnegradskiy had issued a call: "don't finish that, but take out". Cry began practically implemented. Russia for the sake of a "bright Golden future" started underfed, and sometimes even to starve. But this is clearly not enough to make the ruble a stable currency. Third and most important source of replenishment of gold the Treasury of the Russian Empire were the gold loans. And who could give gold a return and pay basis? All those Rothschilds, who, after the Napoleonic wars concentrated in the hands of large reserves of "yellow metal". And that this metal is "worked", i.e. earn interest, it was necessary to impose the world's gold standards. The first gold standard adopted by the United Kingdom (1821). After Bismarck in 1873, introduced in the Second Reich mark gold the process of introducing the gold standards went like an avalanche. By the way, since 1873 in Europe began the Great depression, which lasted 23 years. The relationship between the introduction of a gold currency and an economic downturn was evident.

Gold currency is a stranglehold of the national economy

Russia forcibly dragged into the "Golden club" in the late 19th century. For Russia the gold standard proved to be particularly overwhelming, since the coating of the gold ruble was close to 100% (higher than in other European countries). Russia was constantly suffocating from lack of money, on her neck was the "Golden noose". At least a little to loosen it, pursued a policy of attracting foreign capital (in fact the attraction of the currencies of the countries of the gold standard). Industry and the banking sector came under the control of foreigners. Production volumes of many types of industrial and agricultural products Russia before the First world war took 4-5 places. But the largest external debt came in first place in the world. The gold ruble was considered very "hard" currency, but the paradox was that it was debt, not gold. Because the gold in the vaults of the State Bank was borrowed. The country is rapidly losing its sovereignty, turned into a colony of the West. What was the price of the gold ruble S. Witte!
And all over the world the gold standard was short-lived. At the beginning of the First world war, European countries were forced to suspend the gold standard (which was stopped exchanging paper money for metal). After the war it was restored only in some countries (UK and France), and in truncated form (the so-called gold bullions standard). Currency of different countries was maintained its relationship with the gold indirectly – through the exchange on the US dollar, the British pound, the French franc. By the mid-1930s during the economic crisis, the gold standard was completely removed.
The latest version of the gold standard – zolotodolarovyh standard, which was established seventy years ago the Bretton woods conference. The connection between the world of money and gold was secured through the exchange of the dollar on the "yellow metal" stocks in America after the war reached 70% of the world reserves (excluding the USSR). But in less than three decades zolotodolarovyh standard ceased to exist, the connection between the world of money and gold was broken, it turned into an ordinary exchange goods.
Domestic and world experience shows that gold is a very poor means of maintaining stability of monetary circulation. With a light hand, D. Ricardo, K. Marx, and other influential economists of the 19th century there was a myth that the "yellow metal" is the perfect equivalent of value. In addition, the increase of the gold reserves always kept pace with the growth of the economy (or, at least, from opportunities of growth). So gold as money quickly begins to act as a brake of economic development. The gold standard is necessary only to those who have a lot of "yellow metal" and who is willing to give him a loan. Owners of gold get richer, the rest of the world is in decline.

New plans of the "Golden strangulation" of humanity and Russia

Since the collapse of the monetary system of Bretton woods it has been four decades. All these years the price of gold was artificially low. It was bought up a very narrow handful of world bankers (they are conventionally called "group Rothschild"). Apparently, devastated most of the gold cellars of Central banks and the vault of Fort Knox, where at the end of the 1930s, gold was stockpiled in the U.S. Treasury.
The time has come when world bankers are ready to play again with the rest of the world into the "Golden ear". All the bowl in different countries there are calls that, well, it's time to put an end to the chaos that is happening in the world of Finance. That, they say, need a new Bretton woods gold currency and fixed exchange rates. This version of the reincarnation of the gold standard in the world.
At the same time start the "trial Golden balls" in individual countries. It is proposed to introduce gold money in certain countries even before the new Bretton woods. For several years, the media's obsessive harping on the theme of "gold yuan". And now it becomes popular and the idea of "Golden ruble". In fact, it offers economic suicide.
First, the country decided to introduce a gold currency, will have to accumulate "yellow metal" on principle "will neoedit, but take out". In times of vyshnegradsky and Witte took out the bread, now Russia strenuously to transport oil and natural gas. Russian gold reserves are estimated at about 50 billion., they can ensure that only 7-10 % of the present value of roubles. You can imagine how much we still need "underfed", to prove to the world that we may be the "hard" currency.
Secondly, after the introduction of a gold currency it will turn into the brake and the noose. To facilitate the noose will be possible only with the help of gold loans. But the loans provide only a temporary relief, and then may be followed by death.

Golden ruble for industrialization is not needed

I recall that in the mid 1920-ies in the USSR also were ideas to make our gold coin. He was Golden in name only. Ie provides gold (and other valuables), but the metal paper the sign of the coin is not exchanged. The then people's Commissar of Finance G. Sokolnikov declared that Soviet gold chervonets will apply on all currency exchanges in the world. That some smarmy Commissar was even called "the second Witte". In the party and the government in those days, there was a sharp struggle around the problem of convertibility of paper into gold coin. The exchange of gold for gold it didn't come. Began to form a fundamentally different type of monetary system. Inside the country applied paper money – banknotes and Treasury notes. Paper money was supplemented by non-cash money, which served the sphere of production. In the field of external accounts, there were public currency monopoly, and the ruble to foreign operations were not used. Thanks to the monetary system, which was developed in USSR by early 1930s, we managed to industrialize. Before the great Patriotic war was built almost 10 thousand enterprises. Incidentally, the West in the 1930s the years of economic sanctions against the USSR not been canceled. In conditions of sanctions the USSR used to purchase machinery and equipment sales of gold on the world market. The country increased gold reserves as a strategic resource in light of the looming threat of war. According to some sources, this stock before the war exceeded 2 thousand tons.
One thing the accumulation and use of precious metal as a strategic resource, the other case is the introduction of a gold currency, pegging the national currency to the reserve of the "yellow metal". If the first is justified and necessary to ensure economic independence of the country, the second can lead the country to financial enslavement and the Holocaust. This is evidenced by both global and domestic experience.

Tags: Russia , resources , gold

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