The Global Reset Scam

By Alasdair Macleod – Re-Blogged From Gold Eagle

[This is a darker post than I usually send your way. It deals not only with inflation & hyperinflation but also currency collapse and what it might look like on the other side (actually quite optimistic). –Bob]

This article takes a tilt at increasing speculation about statist global resets, and why plans such as those promoted by the World Economic Forum will fail. Central bank digital currencies will simply run out of time.

Instead, the collapse of unbacked fiat currencies will end all supra-national government solutions to their policy failures. Already, there is mounting evidence of money beginning to flee bank accounts into stocks, commodities and even bitcoin. This is an early warning of a rapidly developing monetary collapse.

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A New World Monetary Order Is Coming

By Stefan Gleason – Re-Blogged From Gold Eagle

The global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy.

Central bankers now appear poised to embark on their biggest power play ever.

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Powell Says Fed’s Digital Currency Should Complement Payments System

By American Banker – Re-Blogged From Headline Wealth

The Federal Reserve is primarily interested in looking at a central bank digital currency that would improve the payment system, rather than one that would replace the physical dollar, said Chair Jerome Powell.

“Unlike some jurisdictions, here in the United States we continue to see strong demand for cash,” he said Monday during a panel on cross-border payments and digital currencies hosted by the International Monetary Fund. “Moreover, we have robust and mature financial and banking sectors, and we have a highly banked population so that many — although not all — already have access to the electronic payments system.”

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