Wednesday, June 22, 2016

The Silver Ruble Coin For Russia
Hugo Salinas Price* suggests to Russia that it institute a silver rubble coin .. "The Russian silver coin to be monetized would contain 1/2 ounce of pure silver, alloyed to .900 or .916 purity, for durability. The silver coin would be minted and monetized in Russian rubles by the Treasury of the Russian Federation, by a monetary quote issued by the Treasury. The coin would bear no stamped monetary value .. The monetized silver coin would become a parallel currency, which would circulate in parallel with the ruble currency issued by the Russian Central Bank .. The creation of the Silver Ruble coin would mark an important precedent, because at present, no government in the world issues currency: all governments have abdicated from that right, in favor of their respective Central Banks, each of which belongs to the world-embracing syndicate of Central Banks headed by the Federal Reserve of the USA. The present worldwide system of Central Banking has exhausted its possibilities, as is evident in the fact that 17 countries in the world are now suffering 'negative interest rates', that is to say, interest rates below zero for large depositors in banks, which amount to a punishment on savers. The 'negative interest rate policy' is a logical aberration and serves to demonstrate the intellectual bankruptcy of the world's Central Banking System."
LINK HERE to the dissertation

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