When Normality Is Exposed as A Ponzi

The comments below are an edited and abridged synopsis of an article by Alasdair Macleod

The Russian invasion of Ukraine has turned into a military quagmire.

When Normality Is Exposed as A Ponzi - BullionBuzz - Nick's Top Six
Ponzi scheme vector illustration. Business investment scam concept

Meanwhile, the West has upped the stakes in a financial war. The underlying assumption is that the Russian economy is weak and those of the Western allies are stronger. A few key metrics show this is incorrect. The underlying resilience of the Russian economy and its financial system are not generally understood, and instead EU sanctions could end up undermining the whole euro system and the euro itself.

Macleod looks at how errors on the battlefield are likely to bring the financial and economic war between the West and Russia into the open. The West has made the mistake of proving to Russia (and all other central banks) the benefits of gold and the ultimate uselessness of currency reserves. As well as leading to the likely collapse of the euro system, this financial war could end up with a de facto gold standard for the ruble and call an end to the entire fiat currency Ponzi scheme.

Up for discussion: The destruction of the global fiat Ponzi scheme is a step closer; Putin’s mistake; the energy price war; the financial war; and gold could be Russia’s strength.

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