Russian Central Bank To Offer Gold-Backed Loans (Or Why The Spam-Standard Is Coming To An End)

http://www.zerohedge.com/news/russian-c ... coming-end
"Russia's central bank will offer gold-backed loans for up to 90 days at an interest rate of 7 percent, it said in a statement on Friday, expanding its lending facilities for dealing with any future liquidity crunch in the banking system." So let's get this straight: Russia, which has been dumping US bonds with unseen vigor, and which has been buying gold at a record pace, has just offered its citizen the once in a lifetime opportunity to trade in their hard assets for paper in an imploding fiat system, but with promises to make 7% worthless percent. Oh, and when the "liquidity crunch in the banking system" goes away and one hopes to reclaim title to their gold, one will just find that the title certificate was signed by one Linda Greenova, and said title is perpetually lost in Siberian limbo. And while one waits to reclaim said title from robosigning transgressor #1, Bank of USSR, those heavily armed gentlemen in camouflage attire who just broke into your apartment will not wait to reclaim what now rightfully belongs to mother Russia.

MdR...

Il est clair que si tu laisses ton gold en garantie sur prêt à un banquier russe, il vaut mieux s'armer tt court et pas seulement de patience pour le récupérer, en espérant en sortir entier