The Currency Reset Has Begun | Predicted In 1960

https://www.youtube.com/watch?v=2GCZnYNhZQE

The global currency reset has begun, just as it was predicted back in 1960.. Now, while there’s, been lots of talk about a u.s dollar collapse and the rise of central bank, digital currencies and, of course, unsustainable debt levels.

The reality is this currency reset isn’t anything new. It’s, not a big surprise. In this video i’m going to cover how this was predicted all the way back in 1960. What history shows us how this currency reset process really works, what the new currency will be and what you need to be watching as this all unfolds right before our very eyes, so let’s.

Go all right! Welcome back! If you’re new to the channel, my name is mark moss and i make these videos to change the way you think about money, because if you understand what money really is and how it works, you find true freedom for your life.

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So today we are talking about the days left of the us dollar’s, global reserve status and how they’re. Coming to an end. Now, as the u.s dollar’s, reserve status comes to an end. It’s, going to lead to a global currency reset.

Now, as i said, it’s not going to happen, it’s not about to happen, but rather it ‘ S already happening right now, right before our very eyes. Now our generation us right now we’re alive to witness this all happen in real time now before i give you the details of how this is all going down right now, and you know what it’s going to look like In the future, and of course, what we need to be doing about it right now, i need to give you some historical perspective.

Now, if you watch my channel regularly, you know that i love to go back into history and because, when you understand history, the present and even more the future, they start becoming really really clear.

So let’s jump into the time machine, real, quick! This time we are going back 107 years, all the way back to the year 1914 and let’s, explore the reasons why the world will abandon the us dollar and we’re going to do that by looking at the last time.

A major reserve currency died, so we’re, going to go back to june 1914. At the time, london was the center of the entire financial world, and not just the financial world, but also the center of business, the military politics i mean it was the financial power of the world.

Now, of course, at the time there were other currencies, i mean other countries such as the us right and they were competing powers, but the uk was the most powerful politically and so at that time london was the unquestioned financial, financial capital of the world, and also It had the reserve currency of the world, which of course was the pound sterling at the time now, at that time back, then, it was backed with gold and all that gold was held by the bank of england.

Now the pound sterling was considered good money through through most of the world right. It was recognized internationally, but when world war one broke out, all the major countries immediately suspended the conversion of their currencies into gold, except for the uk, since at the time since currencies were still backed by gold, the countries needed to hang on to their gold.

So they could leverage it to print more money to pay for the war, which is why they suspended the convertibility they didn’t want to give the gold up, but the uk took a different approach. What they did is they maintained the link to gold and by doing that, it allowed london to maintain its credit standing and by maintaining its credit standing.

Then, of course the uk was able to continue borrowing money to pay for the war. Now again, if you’ve been watching my channel, you should know by now the difference between keynesian economics and austrian economics and that kensington economics encourages the government to spend to spend more money to get itself out of market slowdowns.

Get out of deflationary periods, things like that. So it might surprise you that it was actually john maynard keynes from kinsey and economics himself who convinced the uk to remain on the gold standard, and it was jack morgan.

Who was the son of jp morgan who organized these massive loans in new york to go out and support the british war? So when all this happened? Basically, there was huge outflows of gold from the u.s being loaned to the uk right, so they were financing the war, but this started to shift pretty quickly, and this is when the us dollar began.

It started to emerge right now, just six months later, in november of 1914, the gold started to come back, the other way it was going to the uk, and then it started flowing back to the united states, and it did that because the british needed to import Food had to import wool, cotton, oil weapons, things like that, and it was all coming from the united states.

So the united states loaned the gold to london to to the uk, and then they had to send the gold back to buy all those supplies to import. All the supplies that they need now they at the time they had to either pay with gold or their pound sterling, which of course at the time, could still be converted into gold, so either way they were still paying with gold.

Now all the gold that had flowed from new york to london, all the sudden started flowing back from london to new york and so from november of 1914, all the way until the end of the war, which is about four years later in november of 1918, there Were massive gold inflows back into the us into the federal reserve at the at the bank of new york? And, of course, it’s, private member banks, and this is what set the stage for the dollar to emerge as the new global reserve currency.

And it allowed it to challenge the global supremacy of the sterling. But while this process of the dollar replacing the sterling began back in november of 1914, there wasn’t an immediate or sudden collapse of the sterling right.

So everyone’s. Looking for this sign, but it’s. Important to understand back then, even as this was happening, there, wasn’t an immediate sign as a matter of fact, for the next 17 years, the dollar and the sterling competed side by side for the role of the leading reserve currency.

But in 1925 a big mistake was made. It was made by winston churchill who was leading the uk and he tried to get the pound back onto the gold standard, but the problem was they had printed about twice as much currency as the gold they had backing.

It now, at the time keynes warned churchill that the price of gold needed to double to match the amount of currency they printed right and that’s. What he said to do, however, winston churchill, didn’t, take his advice and instead he took the pound back to its original gold levels, which of course caused a massive crash, a massive devaluation which is ultimately what led the market crash in 1929 or Of course, as you know, the great depression now the rise of the us dollar and the steady decline of the sterling continued through about the 1930s until the start of world war ii, and at that point the uk suspended the convertibility of the sterling into gold.

The international monetary system broke down in normal trade, currency exchange and gold convertibility remained suspended until the international monetary system could be completely overhauled completely reformed.

Now the reform took place. Of course, you might know this at the bretton woods international monetary conference in the year of 1944, and this is what finally put the us dollar on top of the financial world.

Now i’ve talked about these events extensively right. I recently just did an uh interview, video interview with nomie prinz, who has written several books on this subject about this whole bretton woods thing.

If you want to learn more about this from an insider someone who’s, who’s written more research more than pretty much anyone, i’m going to link to the interview right here. You can go watch it, but what’s important to know from from 1944 to 1971? The us dollar was then pegged to gold and all the major currencies, including the sterling, were pegged to the dollar.

So basically, everything was pegged to gold through the dollar, and this was the final point. This was the light switch moment that the role of the sterling as the leading reserve currency had basically ended, so it went on for decades kind of you could see it happening and then finally, there was that light switch moment all right, but something else happened at Bretton woods, which brings us back to the current day, all right and it’s, going to be the trigger for the new and the next world reserve asset.

It’s going to trigger this. This currency reset that we’re having right now, and that is of course back at bretton woods. There was also the creation of the imf, the international monetary fund, and they were created to help oversee the world currency markets.

Now the initial system was set up in 1944 and it was flawed all right, and this flaw in the system is what set the us dollar up to fail from the very beginning and how we know why and how the us dollar finally dies.

Now let me explain what’s called the dilemma, or i should say known as the triffen’s dilemma now, at the beginning of the bretton woods system, the world suffered from a dollar shortage, all right, because the dollar was the leading Reserve currency the world needed lots more dollars to the global trade and finance so that it could grow so in the 1950s, just after 44 was created into the 50s.

The us began to just create tons and start pumping out tons of dollars at a fast and furious rate, and as those dollars began, pumping out being flooded out into the world, then of course, the world economy started to grow, which of course, allowed economies in countries Like germany and japan to earn dollars by now exporting goods back to america, things like cars, electronics, things like that, but by the 60s we went from having a dollar shortage in the 50s to the 60s, it turned into a dollar glut, and so now all the Us trading partners who had rent up these huge dollar supple surpluses.

They tried to convert these dollars back into gold. Like hey, we have so many dollars. We don’t need this. We’ll, go ahead and convert it back into gold. Now by 1968, the demand for gold from fort knox was just too large.

It was too big, it was basically, it was a run on the bank and the u.s saw its gold stash go from about 20 000 tons down to about 9 000 tons or so a massive drop, which of course, then led to 1971. Where president richard nixon closed, the gold window removed the dollar from the gold standard for good all right now for the prediction of the crash from the past.

In 1960, a belgian economist named robert triffin noticed the flawed system and he came up with what’s, known as the trivens dilemma. Now the dilemma it’s, it’s, super simple to understand, um. Basically, it says in a world that’s based on dollars as the leading reserve currency, the us would have to make dollars available to the world which we just talked about to finance trade investments, growth et cetera.

But if the us pumped out dollars through its deficits, eventually the us would go broke and it would run out of gold or both, of course, right. Well. Triffin predicted that the bretton woods system would collapse because the us could not supply the world with enough dollars without bankrupting itself in the process and guess what he was right, which is why, in 1968, the world had too many dollars and was dumping them right.

And they were dumping them for the for the gold as fast as they could now at that time, the imf under, of course, the us direction. They needed a solution all right, so what were they going to do? Well, there wasn’t enough gold at the official price to fill the shortages.

There was no other currency in the world that was strong enough to replace the dollar. So what the world needed was a new form of money and the u.s fed has print. Has you know the u.s fed has a printing press and they can print dollars.

Of course, the european central bank has a printing press and they can print dollars and the bank of japan and so forth. Right all the central banks around the world can each print their own currencies, but what most don’t know is two things: one: what the imf even is right, international monetary fund and two that they also have a printing press, but they don’t print dollars, they don’t print euros.

They don’t print juan they print. This special new kind of money called sdrs, which stands for special drawing rights. Now they were created back in 1969 to solve this problem, and basically the imf can print them and basically just hand them out to central banks to about 190 countries at the you know in the world that are imf members at this time, but this is this – Is really hasn’t been done before it’s been done before, but hardly so in fact, the last times that we’ve seen this happen were in 2009 as a response to the you know: 2008 great financial crash, Where the whole world came crashing down, um and we’ve, seen another time all the way back in 1981, but that’s all starting to change.

Today, it’s, starting to pick up steam. It’s. Actually kicking into high gear and the imf is moving quickly to issue brand new sdrs to help reinflate the world in the wake of the pandemic. You know trying to help small countries that have shut down and created some problems for themselves and you know, keep them out of this looming recession, and this leads us to the new challenge for the us dollar.

Now i’m, not talking about bitcoin uh right now, anyway, i’m, not talking about the chinese one. I’m, not talking about the renimium. It’s, a level that’s higher than all of that, all right. Now, the current consensus among the top countries in the imf, which is basically the g20 um which which is the g7, the top seven countries plus china, brazil, india.

Some other major economies is that the new issue amount of the sdrs should be about 500 billion could be up as much as 650 billion dollars, and this could be issued without any approval from the u.s congress or any of that which, of course, the us is, The largest member of the imf – and it does have veto power over some of the imf actions, but there’s, major changes already in the works to this to change the way how the imf issues works all right now.

These could include special allocations to poorer countries, for example, they need more right now. The allocations are basically in proportion to the imf, capital account, so the bigger countries get a bigger piece and the smaller countries get a smaller piece right, but it’s.

Also possible for the imf to issue sdrs to non-member entities such as the united nations to be used for things like climate change, starting to see how this works. Now, after you know, 50 years of sitting on the sidelines, it looks like sdrs are ready to wake up.

They’re, ready to assume a role as the new major reserve currency not controlled by the us, but by the imf, exec executive committee. These are non-elected leaders all right now. This also includes china, which is a very, very powerful member of this imf executive committee.

Now this process will take time just like the transition from the pound of the dollar, but it has now begun in ways that are different from prior sdr allocations. Now the sdr may finally be ready to emerge as a rival to the us dollar.

The reserve currency of choice for china, russia and the developing world now the dollar is heading for the same fate as the pound sterling did now. Are you seeing this happen? Let me know what you think: do you see sdrs being this new currency for the currency? Reset now, of course, i’ve talked about this and the way they’re actually going to issue those sdrs which lead into central bank digital currencies, and we can talk about that in another.

Video leave me a comment and let me know what you think and what questions you have all right, as always give me a thumbs up on this video, if you like it and if you don’t like the video i don’T know why, because i’m working hard for you, but give me thumbs down either way.

Let me know leave me a comment. Let me know what you think: alright, that’s. What i got for you today to your success. You

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