OTCPK:KRCLF - Post by User
Post by
MaterialsManon Jun 16, 2023 2:30pm
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Post# 35500669
Putin remarks
Putin remarksYou would not know from tuning in to U.S. television, but there is an International economic forum taking place in Russia. St Petersburg to be precise.
Putin just happened to be the keynote speaker. He addressed a large pretty sophisticated looking audience. The address is on you tube with the speech lasting about an hour followed by another hour of questions and answers.
I would describe his remarks as quite similar to a State of the Union speech in the U.S.
The Q&A was quite revelatory.
Quite a different spin on what is now being referred to as a war.
The cameras often panned to an enthralled audience while they viewed some pretty gruesome WW2 footage. It was more or less historical background from the Russian perspective of what is going on in Ukraine.
The subject that grabbed my attention were the remarks related to de-dollarization. Putins' remarks on this subject were quoted seperately by a news agency.
He was quoted as follows: "We have never had, and do not have, the goal of de-dollarization of the Russian economy. And, we never had, and do not have, the goal of influencing the de-dollarization of the world economy. The influence of one or another currency on the world economy is connected
with the economic potential of the country that is the issuer of that currency."
BRICS was not mentioned, However I don't feel that his remarks rule out the establishment of a gold backed currency as is being discussed as a subject for the August 22nd conference in SA.
One other point he made (possible saber rattling) was that hostilities could well begin taking place outside of Ukraine as Russia builds up its military capabilities.
Not that these developments are in any way to be taken lightly, but the plot is definitely thickening.