Rumour has it that Russia and China are going to make a...

Rumour has it that Russia and China are going to make a 'religious announcement'' for the markets, sometime around Monday 28-3, to the 1st of April.

The following gold/oil based currency system may explain why the Saudis, and friends, have been so detached from the US of late, not taking phone calls, etc.

There is huge panic going on in the West, at the moment, that cannot be denied.

https://renaissancemen.org/2022/03/25/did-the-russians-just-back-the-ruble-to-gold-a-timeline-of-how-we-got-here-and-where-we-go-next/

So, if I’m a Russian central bank, and I am BUYING gold at 5,000RUB/g, you then must ask “how many grams of gold is Russia asking for a barrel of oil?” This is what I’m expecting to hear this coming week. “At issue here Nate, is the CB is NOT giving me gold for Rubles”. Directly? No. THEY DON’T HAVE TO because of the oil pin.That’s the beauty here. So if I am China, I can use 1g of gold to buy 1 barrel of oil or5,000 rubles. If I am in China, 5,000 rubles is equal to one gram of gold which is equal to 1 barrel of oil. If I am a Western power, I need to buy in gold. This is a ONE WAY TICKET for gold to go to the BRICS system. If you are in China, you now know 1g of gold is equal to 1 barrel of oil. Meaning – if you need rubles to buy oil, you can turn in gold. If you need gold to buy oil, you can convert 5,000 rubles. By proxy, 5,000 rubles = 1 barrel of oil. The window gives out oil. Gold is MONEY in the market place to BUY oil. Rubles thus can convert to gold in any market place because both buy 1 barrel of oil. Can I go through the drive up window to the CB and exchange 5,000rubles for 1g of gold? No. I can’t do that here either – but I can go to an exchange and use a FLOATING CURRENCY to buy gold. The issue here is the USD is a floating currency and thus has no value.And that is what is exposed here.

Here, you then buy an ounce of gold for $1950, buy 20.73 barrels of oil from the Russians, then turn around here to sell the oil in USD for $2,321. You just made $371 off of that arbitrage. That was one ounce of gold. Now, if you are able to do that a million times a day, you can make $371m a day.