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Russia returns to Gold standard
The government will abolish the VAT (tax) on bullion. This Bill will go to the State Duma on March 4. Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
- Counter sanctions commission.
The government will abolish the VAT (tax) on bullion. This Bill will go to the State Duma on March 4. Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
- Counter sanctions commission.
Russia does not care about a depreciating Ruble. They where switching to gold standard anyways. Same with China. They’re working together to devalue the US dollar
。
Two qualities are indispensable:
first, an intellect that, even in the darkest hour,
retains some glimmerings of the inner light which leads to truth;
and second, the courage to follow this faint light wherever it may lead.
〜 Carl von Clausewitz
。。
Savage peoples are ruled by passion,
civilized peoples by the mind.
Carl von Clausewitz
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Russia sends convoy of humanitarian aid to ‘ liberated ‘ Melitopo
。
Be audacious and cunning in your plans, firm and persevering in their execution, determined to find a glorious end.
〜Carl von Clausewitz
。