Posted on Apr 12, 2015
Will there be a Global Currency Reset? If so why and when?
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Sounds like the first steps in the book of Revelations to me.......I'm voting a BIG no on that one.
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We do and at the same time do not want the GCR to happen.
To date, the U.S. Dollar has been the go to currency for global trading. The reset acknowledges that we are no longer the strongest economy in the world. It also sets the stage for the NWO and One World Government...
I am not a fan of the current system, but I'm not prepared to be the subject of neo-feudal states managed through a coporatocracy.
To date, the U.S. Dollar has been the go to currency for global trading. The reset acknowledges that we are no longer the strongest economy in the world. It also sets the stage for the NWO and One World Government...
I am not a fan of the current system, but I'm not prepared to be the subject of neo-feudal states managed through a coporatocracy.
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LTC John Shaw
To have a GCR there must be a replacement or effective proxy for the Dollar, the Euro or a basket of Asian currencies can be used as an effective Hedge.
There is already the NWO in effect. It is the rich against the rest of us, we just haven't figured this out how to play the game of money politics. In many countries politicians just take bribes, in the US, Canada and most European countries they own the main media outlets and shape the educational system. This allows them to define the social agenda and the arguments.
There is already the NWO in effect. It is the rich against the rest of us, we just haven't figured this out how to play the game of money politics. In many countries politicians just take bribes, in the US, Canada and most European countries they own the main media outlets and shape the educational system. This allows them to define the social agenda and the arguments.
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CW2 Joseph Evans
There is nothing new under the sun. As long as there is humanity in the equation, there is no final success of those who call for a dystopian future. We are still a long way off from our favorite version of 1984.
Still, I understand where you are coming from. When we allowed the consolidation of the media through the moguls so that TV, Print, and pop culture all became echo chambers of statist propaganda, we lost a powerful tool of freedom. It was probably the single biggest blow to freedom of the press and the First Amendment, sold to the highest bidders by the United States Congress and SCOTUS.
The question is how the oligarchy decides to divide the spoils, or if the will of the people can overcome adversity, yet again, as it has in every age since the dawn of time. Or is the truth, simply that there will be those that survive the destruction to rise and reassemble empires that will fall again?
Still, I understand where you are coming from. When we allowed the consolidation of the media through the moguls so that TV, Print, and pop culture all became echo chambers of statist propaganda, we lost a powerful tool of freedom. It was probably the single biggest blow to freedom of the press and the First Amendment, sold to the highest bidders by the United States Congress and SCOTUS.
The question is how the oligarchy decides to divide the spoils, or if the will of the people can overcome adversity, yet again, as it has in every age since the dawn of time. Or is the truth, simply that there will be those that survive the destruction to rise and reassemble empires that will fall again?
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For me it's a little difficult to know who's going to come out on top. I know the worthless dollar won't last the way things are going, but like others post, who's going to replace it. For me I keep my currency holdings low, I'm more into gold or silver, mainly silver. No matter who's currency comes out on top next, I really see a time coming when there is no money. Today bank transfers are too easy. In my business, more and more people are paying with bank transfer programs, so no physical money changes hands, just "credits". The "credits" are coming, its just a matter of who's credits they are.
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There are many factors pointing to a global currency reset. We have been in a currency crisis since September, 2008. For the last five years, the Fed has attempted to resuscitate the world’s reserve currency. The Saudis are now working to buy nukes to protect themselves. In the past, the U.S. managed their protection but now the Saudis are publicly disenchanted with America. Saudi Arabia is moving closer to the Chinese. When the Saudis announce the departure of oil sales in U.S. Dollars, there will be a major move away from U.S. Bond holdings. This will cause interest rates to go up on U.S. based borrowings.
In order to prevent this from crippling the American economy, the U.S. must enter into agreements with other countries. A 50% devaluation in the U.S. currency may occur. If this happens, the price of gold & silver would double. As a result of a GCR, gold-backed settlement would be reinstated. Countries fighting this devaluation may sustain banking system collapses.
The Chinese could write off much of their U.S. Bond holdings with the offset of the new valuation of their gold holdings. They may be willing to take the hit. The Singapore Precious Metals Exchange has been established to challenge the London Metals Exchange. Gold is moving to the East, so is the global monetary power.
The next question is, could the U.S. Dollar be split into “Domestic” and “International” denominations? Everything is on the table.
In order to prevent this from crippling the American economy, the U.S. must enter into agreements with other countries. A 50% devaluation in the U.S. currency may occur. If this happens, the price of gold & silver would double. As a result of a GCR, gold-backed settlement would be reinstated. Countries fighting this devaluation may sustain banking system collapses.
The Chinese could write off much of their U.S. Bond holdings with the offset of the new valuation of their gold holdings. They may be willing to take the hit. The Singapore Precious Metals Exchange has been established to challenge the London Metals Exchange. Gold is moving to the East, so is the global monetary power.
The next question is, could the U.S. Dollar be split into “Domestic” and “International” denominations? Everything is on the table.
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LTC John Shaw
Steve,
I don't see a 50% devaluation occurring, the Gulf states have threatened to move from the dollar for the last ten years. The Chinese are not blameless, they don't have open markets, they must use Hong Kong to float the 'Red Chips' and basic currency exchanges. ALL major central banks are printing money.
Why? To prevent a dis-inflationary cycle that occurred in the 1930s when the world markets went through a similar period. The Great Depression was three significant crashes 1929, 1932 and 1937 (worst) and the Central Bankers of the world conclude that it was because not enough money was available.
The US is the best house in a very bad neighborhood. Japan and half the European countries, Africa, Latin America, Chinese State Agencies must deal with debt well beyond what the US currently is carrying. We accept immigration, so we potentially have the workers to pay into the transfer of wealth system.
I recommend the books written by John Mauldin, EndGame and Code Red to understand how much debt ALL governments are in. http://www.mauldineconomics.com/about-us/books
I don't see a 50% devaluation occurring, the Gulf states have threatened to move from the dollar for the last ten years. The Chinese are not blameless, they don't have open markets, they must use Hong Kong to float the 'Red Chips' and basic currency exchanges. ALL major central banks are printing money.
Why? To prevent a dis-inflationary cycle that occurred in the 1930s when the world markets went through a similar period. The Great Depression was three significant crashes 1929, 1932 and 1937 (worst) and the Central Bankers of the world conclude that it was because not enough money was available.
The US is the best house in a very bad neighborhood. Japan and half the European countries, Africa, Latin America, Chinese State Agencies must deal with debt well beyond what the US currently is carrying. We accept immigration, so we potentially have the workers to pay into the transfer of wealth system.
I recommend the books written by John Mauldin, EndGame and Code Red to understand how much debt ALL governments are in. http://www.mauldineconomics.com/about-us/books
Investment & Investing Books | Mauldin Economics
Investment & economic books by John Mauldin: Endgame, The Millennium Wave, Just One Thing, Bull's Eye Investing.
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If there will be a reset it will not be like Europe. Countries will keep their currencies some of it may change, but there will be a offset and balance with all other currencies. Yes the US dollar will use its value and that gold and silver will gain value.
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LTC John Shaw
Don't expect commodities to gain beyond the general asset base being inflated by the banking system. All governments are driving rates low by purchasing current debt. The effect is keeping all rates below market. This is punishing savers and benefiting governments to keep up the shell game for 25-30 years until the demographic wave returns to a growing number of workers.
The assets that will inflate are those that return a yield to the buyer. Gold and Silver return nothing, they can be a counter-cyclical hedge in a diversified portfolio to offset the risk of equities and bond components.
The race is on for yield!
Expect REITs, global bonds (hedged), corporate bonds, preferred stocks, convertibles (bonds exchangeable to stock), Real Estate tied to rental or growing commercial areas to inflate as debt is cheap and can be borrowed to purchase the assets.
The assets that will inflate are those that return a yield to the buyer. Gold and Silver return nothing, they can be a counter-cyclical hedge in a diversified portfolio to offset the risk of equities and bond components.
The race is on for yield!
Expect REITs, global bonds (hedged), corporate bonds, preferred stocks, convertibles (bonds exchangeable to stock), Real Estate tied to rental or growing commercial areas to inflate as debt is cheap and can be borrowed to purchase the assets.
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Steve,
Please define what you mean by GCR...
1) Do you mean current Worldwide governmental/federal interest rates going to zero in all major central banks
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2) Currencies that can compete with the US Dollar for purposes of international trade. Example: Most major commodities are priced in Dollar terms because it is the 'dominant' currency.
Please define what you mean by GCR...
1) Do you mean current Worldwide governmental/federal interest rates going to zero in all major central banks
OR
2) Currencies that can compete with the US Dollar for purposes of international trade. Example: Most major commodities are priced in Dollar terms because it is the 'dominant' currency.
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CW2 Steve Roberts
What is a GCR Global Currency Reset? First of all, lets define a currency reset. A currency reset is a currency revaluation, or currency devaluation. It is when a currency’s value is brought down by market forces and or government, with respect to goods and services. For example, it’s not that gasoline that gets more expensive, it’s that the value of your money has fallen.
The main benefit of a currency reset is to reduce a country’s trade deficit. When a country’s debts become too large to handle, it may find it difficult to pay its debt, and then there is a currency reset. The currency reset triggers a currency ‘s value to fall and its debt becomes easier to pay. When a country’s currency falls, it makes its products cheaper, and helps to increase the country’s exports.
In a GCR global currency reset, all of the most significant currencies devalue. In a global currency reset scenario, there could be 100+ countries that devalue their currency. This has never happened in written history. In the history of the world, a currency in a country falls, and typically there is another strong currency to use. For example, Germany lost it’s currency three times in a period of fifty years, WWI, Weimer Republic (Hyper inflation), and WWII. During those periods, many German citizens switched out of German Currency, into Francs, Pounds, or US Dollars. During these times, there is a high correlation of immigration out of the country. An excellent book on hyper inflation
The main benefit of a currency reset is to reduce a country’s trade deficit. When a country’s debts become too large to handle, it may find it difficult to pay its debt, and then there is a currency reset. The currency reset triggers a currency ‘s value to fall and its debt becomes easier to pay. When a country’s currency falls, it makes its products cheaper, and helps to increase the country’s exports.
In a GCR global currency reset, all of the most significant currencies devalue. In a global currency reset scenario, there could be 100+ countries that devalue their currency. This has never happened in written history. In the history of the world, a currency in a country falls, and typically there is another strong currency to use. For example, Germany lost it’s currency three times in a period of fifty years, WWI, Weimer Republic (Hyper inflation), and WWII. During those periods, many German citizens switched out of German Currency, into Francs, Pounds, or US Dollars. During these times, there is a high correlation of immigration out of the country. An excellent book on hyper inflation
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Europe has already started the process with the Euro. I am a little surprised that the Euro has not expanded to more countries in the region as it seems like a viable solution for the European Nations.
I am not sure that would work for the U.S. not to mention with all that we owe China I highly doubt that they would go for it.
Finally, I believe that we would all have to get along if a Universal type of currency was going to work.
I am not sure that ill ever happen. Which is Unfortunate.
I am not sure that would work for the U.S. not to mention with all that we owe China I highly doubt that they would go for it.
Finally, I believe that we would all have to get along if a Universal type of currency was going to work.
I am not sure that ill ever happen. Which is Unfortunate.
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LTC John Shaw
The European Union will not expand the economic union until after 2020 and the existing EU members have adopted the Euro and 'joined in' with some stability has been achieved by members with HUGE debt loads, e.g. the PIIGS (Portugal, Italy/Ireland, Greece, Spain) . The EU will round out with the Eastern European countries by 2020. The EU will represent a larger GDP than the US unless our growth rates pick up. I attached an article that is a little long but great reading. http://www.telegraph.co.uk/finance/economics/10935617/After-2020-all-EU-members-will-have-to-adopt-the-euro.html
After 2020, all EU members will have to adopt the euro
Political union in the eurozone is an economic existential necessity, not a re-negotiable ambition
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