Bank of England Governor Admits The Dollar System Is Dying and Wants a Global Currency
Bank of England Governor Admits The Dollar System Is Dying and Wants a Global Currency Jeff Berwick walk and talk from Puerto Vallarta, Mexico. Mark Carney announces the end of the monetary system and it’s possible replacement with a digital currency.
The History Of The Global Currency Reset
What is the history of the Global Currency Reset otherwise known as the GCR? The Global Currency Reset theory is one huge super conspiracy theory that contains many sub-theories. This is where it came from.
In the latter part of the 20th century, many conspiracy theories about the United States dollar and the Federal Reserve began to emerge. One theory says that the Federal Reserve Act was passed in secret. The claim is that the majority of Congress was at home on Christmas break when this law was being passed. This belief is that it was passed by a minority. It is implied that most of Congress was against this law and that is why it was passed in secret.
Another conspiracy theory says that the 16th Amendment was never ratified. Therefore the United States does not have the right to tax the American citizen. Another conspiracy states that the Rothschild dynasty forced England into the war of 1812 because America refused to renew the charter of the second central bank. Many other types of monetary conspiracy theories started to form during this time as history was being rewritten.
During the 1990s Harvey Francis Barnard came up with a set of proposed economic reforms. He called them the National Economic Security and Recovery Act or “NESARA.” Barnard tried to get Congress to take a look at his proposals, but they turned him down. In an effort to gain popularity he put the proposals on the Internet around 1999.
Shortly after that, a woman who was known as “The Dove of Oneness” found these proposals. She began posting about them in Internet forums. This woman put a New Age twist to these proposed laws. She claimed that NESARA was a bill that was stuck in Congress before finally being passed in a secret session. According to her, it was signed by President Bill Clinton in secret in March of 2000. They have been trying to implement this law ever since.
“The Dove of Oneness” was later identified as Shaini Candace Goodwin, a former student of The Ramtha School Of Enlightenment. This school teaches New Age doctrines. After Goodwin began commenting on NESARA, other Internet-based conspiracy theorists latched onto it. Much of the terminology in the GCR and the phrase “The Global Currency Reset” can be traced back to Goodwin’s conspiracy theory. She profited by getting people to send her donations in the guise of supporting her website.
Goodwin attached her NESARA doctrines to investment scams like Omega Trust, CMKX, and the Iraqi Dinar. Her claim was that these investments would pay off as soon as NESARA was implemented. Victims of these investment scams converted to the NESARA doctrines because it gave them false hope. This caused this conspiracy theory to grow expediently.
After the 2008 global economic crisis all of these conspiracy theories combined under one roof to make what we see today as The Global Currency Reset. So while the main conspiracy theory says there is going to be a dollar collapse, many of the sub-theories conflict with each other. Gold and silver merchants use the global currency reset propaganda to sell precious metals as endless commercials proclaiming a dollar collapse constantly appear on radio and television.
There is more than one meaning that is attached to the phrase Global Currency Reset. A standard definition would be a return to a global currency system that all nations would agree upon. The last time nations gathered together to agree upon a new global currency system was in Bretton Woods, New Hampshire. While World War II was still going on leaders from nations around the world decided on a new global currency system. This led to the formation of global organizations like the International Monetary Fund and GATT, which later became the World Trade Organization.
The world’s allied nations agreed on a fixed currency rate which was sort of based on a global gold standard. The U.S. dollar was the currency that nations used to back their currency under this agreement. The reason for this was because the United States was in possession of most of the world’s gold supply at this time.
There is a tendency for institutions that missed the warning signs before the last financial crisis to over-cook their doomsayer’s warnings as they consider the potential for another one.
The International Monetary Fund leads a group of gloomy forecasters that worry about the stability of the global economy amid rising debt levels and slowing GDP growth. How long, they ask, can the expansion seen since the last crash go on before another recession hits?
And if a global recession is pushed further into the future by even larger dollops of borrowed money from the financial system, will the next recession quickly become a crash of similar or even larger proportions than the one seen in 2008?
Two Things You Should NOT Do…
I’ve told you what I think you should do to guard against a financial Armageddon while you profit from this record-breaking secular bull market we’ve been enjoying.
My recommendations are based on what I’m doing. They are by no means definitive. There are dozens of strategies that will do as well or perhaps better… but only so long as they share the basic elements of reducing risk. That is, they must focus on quality and income and use diversification, position sizing, stop losses, and insurance.
No matter what, though, there are two things I recommend you not do.
1# Don’t panic and get out of stocks, bonds, and real estate completely. And don’t put all your money in gold or bitcoin. I’m not going to tell you why. I’m just going to say that if you do this, you will surely regret it.
The other thing you should not do is nothing.
We are talking about the possibility of social and financial chaos. If that happens, it will happen quickly. And the cost of being unprepared could be huge. You could lose every intangible asset you have as banks and brokerages pillage customer accounts to pay for current expenses.
Again, this is not a scenario I deem likely. But I do think it is possible. And since it’s possible, it seems only wise to take sensible and immediate precautions.
You can’t expect the government or the big financial institutions to get the economy working well again. They are the very institutions that got us into this mess in the first place.
You can’t rely on your family or friends to help you out if chaos erupts. They will be too busy scrambling for their own survival.
So make a commitment now. Start building your own chaos protection strategy today. Allocate your stock portfolio to favor big, safe companies. Buy cash-flow positive rental real estate. Use diversification, position sizing, and stop losses. Review and, if necessary, bolster your Start Over Again fund. And, if possible, establish a financial base outside of U.S. jurisdiction.
By taking action now, you won’t have to worry about being caught off guard. In the (in my view) highly unlikely scenario of a total worldwide economic meltdown, you will already have all the tough and smart decisions made.
Learn how to be a prepper on a budget: What will happen if the economy collapses? No one really knows, but your everyday prepping is something you can do to prepare for economic collapse and many other catastrophes.
The good and happy news is that the preparations you make to
today will help insulate you whether you face a job loss or
whether the economy just goes into a recession or inflation
goes out of control. Remember that creativity will go far for you
in an economic collapse. Prepare for an economic collapse now
while things are still good. Insulate yourself from an economic
collapse by reading more…Carnivore’s Bible