If Russia placed the ruble on a gold standard, Russian banks could lease gold from Western central banks at ~1% while earning a return of ~13% (current Russian interest rates) by shipping the gold to Russia and re-loaning it, creating an arbitrage that would immediately force Western economies to raise interest rates catastrophically or default, 'destroying the finances of Britain, France, and Germany completely.'

causalpending

Speaker

Alister Macleod

Evidence Quote

The Russian banks would be in our markets buying gold, leasing it even for 1% and because the ruble would be a gold substitute effectively uh shipping it into um uh Russia uh in you know with a return of something like 13%...they would actually destroy finances of Britain, France, and Germany completely [26:19-27:24]

Source

Alasdair Macleod: China's Gold StandardGoldRepublic Global
Created: 7/13/2026, 8:49:27 PM

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