What do these 3 things have in common? Well, maybe nothing….or maybe everything. In 2020 we have heard some interesting noises coming out of some big players on the world stage like the World Economic Forum and the International Monetary Fund. They use a lot of the same fluffy language about sustainability and inclusiveness, but they also say things like This Pandemic is an opportunity and We must seize this moment so for those who know what to listen for - We know that something is cooking. The question is what?
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We’ve known for a while that the global economies are in trouble and that the monetary and financial systems are breaking down, but what are we going to do about it? Regular people like myself and the Silver Gold Stackers of HIVE can see the writing on the wall and are looking to exit the failing system by shifting wealth into Precious Metals and Cryptocurrencies. We don’t really know if the old systems will collapse or be actively demolished. Well until now, perhaps. The Powers That Be are starting to show their hand and telegraph their next moves, so let’s have a look at what they are saying to see if there are some clues….
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The Founder and Executive Chairman of the WEF is a man called Klaus Schwab. This is the guy speaking publically now about needing a Great Reset of Capitalism. Saying things like “This is our best chance to instigate stakeholder capitalism” he definitely sees the Pandemic as an opportunity to push an agenda. History is full of instances of Debt Jubilees – which if we did one today would definitely qualify as a Great Reset, but that’s not likely to be good for the global elites so if form is any guide then they probably have something else in mind that could be just as big.
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The Managing Director of the IMF is a woman called Kristalina Georgieva. She has just come out and called for a Bretton Woods 2.0. The original Bretton Woods agreement was made in 1944 which established the US Dollar as the new World Reserve Currency which was backed by gold. So she is basically calling for a major structural change to the world monetary order without actually saying what that might be. Could she be signalling a change to the Worlds Reserve Currency? A return to Sound Money which is backed by Gold perhaps? She uses quite assertive language like “It is now our turn. This is our moment!” so she’s definitely pushing for something big to happen.
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Commonly abbreviated to CBDCs, these things are getting a big push now. China is leading the pack with its Digital Yuan and other major Central Banks are getting ready to launch their own. Could one, or more, of these new digital currencies be backed by Gold? The Central Banks seem to be collaborating quite closely on this so it is possible that they will be linked and it is quite likely that whatever they come up with will feature heavily in any new monetary order.
For a couple of years now I have believed that the future of money would be Gold backed Cryptocurrency, but I had hoped that it would be facilitated by a private, secure and decentralised blockchain with all the privacy and autonomy for regular people that it should entail. I had never really considered that a national government would implement a Gold backed Digital Currency because it would mean giving up the power of the printing press….but now that I am seeing things in motion I wonder if there might be a trade-off here. Would governments around the world be prepared to return to Sound Money to end a crisis if it means that they GAIN full surveillance and control of every financial transaction. These guys like to play the “Long Game” and Bretton Woods 1.0 effectively linked the whole world to one currency and only lasted 27 years before Nixon effectively took us all off the Gold standard in 1971 with one deft move. In hindsight it was a classic Bait and Switch move. If a short term return to Sound Money meant they could pull off a Great Reset, end the current economic crisis and gain full surveillance and control over everyones finances…it does look like a pretty good trade-off for them.
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All they really need to do is Hyperinflate the old fiat currencies, throw the current crop of politicians under the bus (guys like Trump and Biden do have a purpose) and when it looks dire enough, present their Great Reset, Bretton Woods 2.0 and gold backed CBDCs as the solution to the worlds problems. They can be heroes…..and deal with that pesky gold backing in a couple of decades once this current mess has all been forgotten and nobodies paying attention. Sound fanciful? Perhaps. Can you afford to ignore the possibility though?
How though? They can make it, and they can make us use it for some transactions; paying fines and taxes etc. Can they stop us using alternatives?
Can they ban private Crypto? Like China did? Maybe. Maybe they don't even need to if they get the incentives right.
For 99% of people if they have a choice between using an old currency that is inflating horribly, and a new one which is holding value and easier to use, or maybe even handed out for free to people who download the app - won't they voluntarily adopt the new currency? (thus further expediting the demise of the old)
We have taken massive strides towards being cashless this year. It's all been mostly voluntary. Even in my semi-rural area some businesses no longer accept cash. It's card only. Meanwhile China just did a UBI type digital currency air-drop in Shenzhen as a trial. It is being reported as a great success....
Maybe I am connecting the wrong dots, but it looks to me like this is happening.
I'm afraid I have to agree. The majority of the population will just graduate to what government provides as the accepted currency. In fact it will likely be a simple change over from digital fiat to digital crypto, because most people find the idea of learning about crypto too confusing and intimidating. They've made it not very user friendly already, by making you have to register, prove identity, use exchanges and the taxing on it just as intimidating. The majority will want a straight forward payment system, just like the current digital one, and they won't want to have to deal with unwieldy, unmemorable keys.
🤣🤣 For this alone, I'm glad I finally found the time to read this!
Good to see some thoughts on this put forward. The moment the quarantines started, we we're saying that this is the excuse they've been waiting on to reset and have a patsy to blame the fallout on. The only way forward was going to require crashing the economy, because that debt jubilee, as you rightly say, will only benefit the people and not the elites. It's been pretty eye-opening to see how many the covid supplement has pulled out the gutters, though, so a jubilee would be life changing for so many.
There have been a few comments on banks not being needed any more, but I don't see them letting go that easily. What are your thoughts on that?
While I definitely think something is going to happen with fiat around the world there are still too many intangibles that have to be worked out first. Because if it’s done half assed like everything thing else governments do it could be a dumpster fire quickly. And might turn into a SHTF situation. But hell yes I got gold & silver, no gold backed crypto though.
Got Gold? Yes, but I like to see the Banksters hang first.
According to the US Constitution, the penalty for counterfeiting.
Got Gold? Yep!
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