The following video is brought to you courtesy of the financial argument YouTube Channel. Click the video below to watch it now.
We are coming to a period I call “the Global Currency Reset.”
As talks about an economic collapse are heating up among economic experts, some believe that it might even trigger a Global Currency Reset. Basically, Global Currency Reset refers to a process where the U.S. dollar will eventually lose its place as the global currency. Instead, gold or some other instrument will be used as the new standard.
In 1944, the allied countries came together to establish a new global monetary system. Called the Bretton Woods Agreement, they decided to ditch the gold standard and use the U.S. dollar as the global currency. The U.S. benefited greatly from this new currency system and the dollar made its way into central banks around the world. In time we left the fixed-rate system.
Richard Nixon stopped backing U.S. dollars with gold globally in 1971. This was known as the Nixon Shock. Since then, the dollar and all other currencies in the world exist without any support from a hard asset like gold.After the 2008 financial crisis, experts started predicting that the current financial system was on its last legs.
Since the Federal Reserve was created in 1913, the dollar has lost 95% of its value – its worth eroded by inflation.The US debt currently sits at over $22 trillion and grows daily. In 2011 Standard & Poor, a ratings agency, downgraded US sovereign debt from AAA to a lowly A.The 2009-2008 financial crisis & stock market crash which started in the US through the sub-prime mortgage debacle, was another flag to the rest of the world signaling a move away from the dollar toward other currencies.
The American people actually showed resistance against central banks for a long time. Before the FED was established, 3 central banks were shut down by the Americans.
In 2019, global debt hit $250 trillion.Encouraged by lower interest rates, governments went on a borrowing binge as they ramped up spending, adding $3 trillion to world debt in Q1 alone.
It reverses a trend that started at the beginning of 2018, of reducing debt burdens, when global debt reached its highest on record, $250 trillion.“The IMF, the World Bank, one after another are warning of a recession.”
Last week, a central bank said gold could serve as a “trust anchor” for a renewed international monetary system, in the event of a “global reset”. In an article on its website the De Nederlandsche Bank boldly claims, “If things go wrong, prices may fall. But, financial crisis or not, a gold bar always holds value.”
We’re not sure when the global currency reset will happen, or what will be the trigger – ie. a corporate debt time bomb that could crash the global economy. Almost $19 trillion dollars of debt is owed by companies that don’t earn enough to cover interest payments.We are absolutely sure the reset (GCR) will happen and gold will play a very important role in the transition to a new world currency.
Do you know about NESARA ?
N.E.S.A.R.A is the National Economic Security and Reformation Act. It was to be announced the morning of September 11th, 2001.
NESARA provides major financial benefits to American citizens including: 1) end of income taxes; 2) forgiveness of credit card and mortgage debt as remedy for bank frauds; 3) U.S. Treasury Bank system which absorbs the Federal Reserve and new precious metals backed U.S. Treasury currency; 4) restoration of Constitutional Law, and much more.
The day is approaching with an inevitable economic collapse & stock market crash…
Do your part by sharing this video with everyone you know who you feel may be concerned about our freedoms and a sound future for their children and grandchildren…
How to Protect Yourself From the Next Financial Crisis?
Hopefully, by now you realize the importance of being prepared for the financial crisis. Be sure to check out my videos on economic collapse, stocks market crash preparation, finance news, economic news and don’t forget to like and share this video.
Donate to Financial Argument: https://www.patreon.com/financialargu…
Follow us on Twitter
Like us on Facebook: https://www.facebook.com/financialarg…
Financial Argument: https://financialargument.net
Are You Prepared For The Coming Economic Collapse And The Next Great Depression or Financial Crisis?
It is to say that economic developments, financial crisis, stock market crash and stock market collapse speculations, changes in gold prices could lose all of your investments or it can make you money.
Financial Argument shares many experts ‘ assessments and predictions about financial developments with you every day with current videos.
All you have to do is follow the “Financial Argument” channel and subscribe to it.
and social media accounts for more financial news.
#financialcrisis #globalcurrencyreset #economiccollapse