
Sanctions & the End of a Financial Era with John Titus
Unlimited Hangout with Whitney Webb
00:00
Is a Gold Backed Ruble Going to Russia?
Rouble was in a long term trend about 75 roubles per dollar. When the sanctions really hit and the war got gone, it spiked up toan hundred, 20, 535. And now it's backed down to, it looks like trending out at about 85. But russia's taken anyn ufer measures. I wouldn't read too much into the gold backing,. bucause remember that youan ta dollar was gold back from forty four, whatever it was, forty six, until 71. How'd that work out? Gat, worked out with a gold window closing. So the gold backing is only as good. This is how much gold you have, and nobody really
Transcript
Play full episode