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The present worldwide system of Central Banking has exhausted its possibilities, as is evident in the fact that 17 countries in the world are now suffering “negative interest rates”, that is to say, interest rates below zero for large depositors in banks, which amount to a punishment on savers. The “negative interest rate policy” is a logical aberration and serves to demonstrate the intellectual bankruptcy of the world’s Central Banking System.
The economies of the world are in a slump and there is not one country in the world that is enjoying a worry-free prosperity.
It is time for a change, and the Silver Ruble coin would mark a necessary change, because a) The creation of the Silver Ruble coin by the Treasury of the Russian Federation would signify that Russia affirms its sovereign right to create money, a right which has been usurped by the Central Banks of the world, and b) because its monetary value in Russian rubles would reside in the value of the silver it contains.
The rising price of silver would translate to a rising monetary quote for the Silver Ruble, making it ideal as an instrument for the modest amounts of savings that even the poorest Russian would like to have: the rising monetary value of the Silver Ruble would protect savings from inflation, while being totally liquid at any moment.
The Silver Ruble coin’s monetary value, given by a quote on the part of the Treasury, should increase with increases in the value of the silver content, but remain unchanged with falls in the value of the silver content. History provides abundant proof that nations that have used silver money, have always disregarded falls in the value of the silver in their silver money.