The Unique Property
Which is the Most Secure Currency on the Planet?
I bet you'll never guess which currency that is.
Let's take last week's blog a stage further.
I'm starting from a very simple position, an absurdly obvious
assumption, and something which is happening right now on a
Politicians are employed to do a job. That job is to run the
country in the best possible way. But what qualifications has
the average politician for the job? Usually none whatever, so we
vote for people who haven't a clue how to do the job. How stupid
Running a country is more difficult than running the average
company, but how many politicians have ever even done that?
What are the three most important issues before any government?
Requirement number one. Make sure the population has a reliable,
consistent and cheap access to an adequate food supply.
That requirement is woefully under-achieved by every EU country
and the UK. Black mark number one.
Requirement number two is to make sure that the energy
requirements of the country are under the control of the home
country, and not subject to curtailment, price hikes, or outside
Every EU country, including the UK fails miserably on that
The UK imports almost all its energy needs. That means it's
economy is subject to threats, stops, and coercions. That's a
matter of governmental dilatoriness. Especially when you realise
that the UK is in reality self sufficient in energy, but the
idiots in charge want to play games with that essential
requirement in the name of saving the planet. How is that done?
By importing energy from other countries which, therefore, don't
save the planet. How is that either helping the UK or indeed the
It certainly ticks the scientific definition of idiocy. It hurts
other countries allegedly doing damage to the planet, and it
does damage to the home country (leaves the country open to
blackmail, attack, economic distortion, and pretty well anything
else you want to add).
The EU also imports most of its energy needs, thus leaving the
whole continent at the beck and call of others.
Requirement number three is that the home country should have a
stable and honest currency.
I'm not sure that a single country can claim that honour. Or
should I have said, maybe bar one. But let's leave that aside
for the moment.
On the subject of finance, the UK and the EU are running
unsustainable deficits, and spending money they have no hope of
In the essential matter of guardianship I give all the Western
European governments a resounding zero in the most important
issues a government should be attending to.
Those countries do generally suffer from a third problem, and
that is that the populations seem oblivious to the above
scenario. I can say most definitely that they won't be for very
The perceived pariah in all these categories is the president of
Isn't it odd that out of all the heads of state in the whole of
Europe he is the only one delivering on all three fronts. He
gets 100% success points.
Do you really want me to spell it out?
Food. Russia and Russian controlled satellites provide almost
half the world's agricultural products, plenty enough to export
to the idiots who are not in control even of their own breakfast
Russia has more developed energy resources than the whole of the
rest of Europe combined, and the rest of Europe is dependent
upon that energy. Sounds to me like another 100% success.
And what about finance? In a previous article I did point out
that Russia has all the cards when we look at the current state
of play with regard to sanctions. I may be ahead of the game
here, but I don't think it is going to be long before rather a
lot of people start to catch up. Let's look at matters
this way. Russia has the means to export food. It has the means
to export energy. How is anyone going to pay for those services?
Of course, you may choose not to pay and allow your populations
to starve, or start fighting for food and energy. The usual way
out is to pay, and pay increased prices. Who do you pay? Russia
of course. How do you pay? In roubles of course. And what does
that do to the value of the rouble? That question was answered
last week. It's a simple matter of supply and demand. There is
now a big and growing demand for roubles so the price will rise.
The corollary to that is that there will be a correspondingly
smaller demand for dollars, and the law of supply and demand
will no doubt impact adversely on the value of the dollar going
There is one other rather important point to note at this stage.
You do know that the Russian central bank is currently tying the
rouble to gold. The rouble is effectively the only hard currency
on the planet. What's that going to do to its value?
I'm sure those of you who have lived in Russia, or even been
there for a few weeks, will know that the cities are clean,
crime free and functional. The people have a good standard of
living, and life is relatively cheap there. Unless you are
seeking to overthrow the government, you can live an untroubled
life. And if you think life is any different in Portugal I would
remind you what happened on a sunday in Barao a few years ago
when the GNR backed up by the army threatened ordinary citizens
with machine guns because they were calmly taking part in a
traditional sunday market. I know, I was there, and somebody may
remember in a letter to the local paper I quoted a GNR officer
who said to me "We are here to protect the Republic not the
There is a day of reckoning coming, and some folks need to think
seriously whether they are on the side of sense and honesty, or
whether they are spoilt teenagers living on borrowed time,
borrowed money, and the patience of others who are at last
beginning to lose patience.