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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump and Musk want to create a "strategic reserve" of government owned bitcoin and sell off the gold.....
…..reserves in Fort Knox. Have I got that right? Makes perfect sense in the bizarro world they are living in.
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Trump and Musk want to create a "strategic reserve" of government owned bitcoin and sell off the gold..... (Original Post)
RussellCattle
Mar 13
OP
C_U_L8R
(46,958 posts)1. May as well just take the gold
And leave an IOU ...that you never intend to make good on
taxi
(2,121 posts)2. Debt, Romanov, Krasnov, Tsarists
The Russian Empire was an autocracy, where effectively the Tsar’s will was the law. Tsar Nicholas II ‘indulged in a fantasy of absolute power,’ and he believed that God had appointed him to the throne.[1] The Tsarist government repressed any signs of organized dissent, and as a result, there were many political prisoners. Russia was changing in the early years of the twentieth century....
The majority of the population were still peasants that often worked the land for wealthy landlords and endured lives of great hardship. The industrial workers and the peasants did not benefit from the economic expansion in any way. Russia’s economic growth did create a new middle class. However, this class was excluded from the political system and resented the Tsar’s restrictions on its political and personal freedoms. Only the aristocracy and the elite supported the Tsarist government and just out of self-interest.
. https://www.dailyhistory.org/Why_did_the_Russian_Romanov_Dynasty_collapse_in_1917
The majority of the population were still peasants that often worked the land for wealthy landlords and endured lives of great hardship. The industrial workers and the peasants did not benefit from the economic expansion in any way. Russia’s economic growth did create a new middle class. However, this class was excluded from the political system and resented the Tsar’s restrictions on its political and personal freedoms. Only the aristocracy and the elite supported the Tsarist government and just out of self-interest.
At the beginning of January 1918 the Soviet government suspended foreign debt servicing, and in early February decreed the repudiation of all tsarist debts as well as the debts contracted by the Provisional Government. Simultaneously it decided to confiscate all the assets of foreign capitalists in Russia and restore them to the national estate. Russian public debt amounted to £930 million (roughly 50% of GDP) in 1913. Between the beginning of the war and Bolsheviks’ accession to power with their Left Socialist Revolutionary allies, the debt soared to £3,385 million, about three-and-a-half times what it had been....
From December 1917, the Soviet government began to make public numerous secret documents revealing how the major powers were preparing to share out territories and populations with scant regard for their right to self-determination.
https://againstthecurrent.org/atc195/rr-tzarist-debt/
From December 1917, the Soviet government began to make public numerous secret documents revealing how the major powers were preparing to share out territories and populations with scant regard for their right to self-determination.
Not that past is prelude or Krasnov is an asset.