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Russia Has a Massive New Gold Problem - Paul Warburg
Russia is facing a similar problem to the one that brought down the Qing Dynasty (the Chinese Empire). They are running out of the ability to pay their soldiers. But the problem goes much deeper than that. In this video, I dive deep into the apparent contrast between Russia's on-paper gold reserves, and what they are actually able to convert into usable currency in reality. We cover inflation, the decline of the ruble, how and why China is seeding Russia with their own currency (the Yuan), and much more.