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Great Reset Coming Soon

While jdf5's post does seem cuckoo it isn't a wild idea that a new system is put in place after economic turmoil.

For example, the Panic of 1907 led to the creation of the Federal Reserve. Then the Federal Reserve abused the whole money tied to gold thing since it cost them pennies to print $100 while foreigners had to exchange something actually worth $100 to obtain a Benjamine. That's when Nixon nixed the gold standard. Both were tumultuous economic events leading to major changes in the US Finacial system. I'm certain other countries share the same theme at different times for similar reasons.
 
Despite the FACT that global debt is continually expanding, there is not enough of it.

As most people who follow my work are already aware, the current central bank run global financial system is debt based, and at its core what this means is every conceivable reason, including things which the average person could not even dream of, must and will be utilized to continually find reasons/create more reasons to borrow more cash into existence. As of late the two biggest machinations being forced upon the people of the world and are currently being used as mechanisms to pull EPIC sums into the now by more borrowing are:

1. Global disease processes like Covid and the various variants thereof, also

2. Expanding war(s).
THe interesting thing is the US economy is dealing with inflation, debt increased notably... and the dollar is...

...well... the US Dollar is GAINING in strength.
 
Despite the FACT that global debt is continually expanding, there is not enough of it.

As most people who follow my work are already aware, the current central bank run global financial system is debt based, and at its core what this means is every conceivable reason, including things which the average person could not even dream of, must and will be utilized to continually find reasons/create more reasons to borrow more cash into existence. As of late the two biggest machinations being forced upon the people of the world and are currently being used as mechanisms to pull EPIC sums into the now by more borrowing are:

1. Global disease processes like Covid and the various variants thereof, also

2. Expanding war(s).
THe interesting thing is the US economy is dealing with inflation, debt increased notably... and the dollar is...

...well... the US Dollar is GAINING in strength.

Bruh, we all know the plan all along is to get everyone on the dollar then scream "yeet!". Purposefully creating issues and then swooping in for control of global finances is the European banker's way. If not for those pesky chinks and Russkies clinging to their paper they'd have won already.
 
I don´t know if the people behind this video are genuine or not.
But what they describe is similar to how World Economic Forum want their "Great Reset". There are some lunatics out there telling you that this reset is just a "conpiracy theory" even though everything is on WEF´s website.

It is those calling out the bullshitters who are "lunatics"? This is not the way to pretend objectivity when starting a thread.

But yes, the world financial system might seem precarious. That cryptocurrencies have been touted as the saviour strikes most rational thinkers as ludicrous, but what do we know?


While jdf5's post does seem cuckoo it isn't a wild idea that a new system is put in place after economic turmoil.

For example, the Panic of 1907 led to the creation of the Federal Reserve. Then the Federal Reserve abused the whole money tied to gold thing since it cost them pennies to print $100 while foreigners had to exchange something actually worth $100 to obtain a Benjamine. That's when Nixon nixed the gold standard. Both were tumultuous economic events leading to major changes in the US Finacial system. I'm certain other countries share the same theme at different times for similar reasons.

I would summarize the world's financial history somewhat differently. Silver and gold coins were used as intrinsic-worth money for thousands of years. With exceptions: For example, tobacco and wampum (and later silver Spanish coins) were used in early America due to restrictions on the use of English coins. European countries eventually established central banks, achieving stable gold-backed paper money, but the U.S., with its anti-government spirit, refrained. Credit crises became common in the USA. After one American liquidity crisis was solved only when a ship bringing gold from London was sighted in New York harbor, the necessity of a central bank became more obvious.

The contraction of 1930-1933 was solved, in effect, by printing inflated paper money. The U.S. raised the price of gold from $20.67 to $35 and restricted gold sales to central banks; other countries pegged their paper to the U.S. Dollar instead of gold. The $35 price was retained for 33 years but Nixon floated the dollar and by 1980 gold was over $600 per ounce. It fell to $280 by 1999, but is now over $1700. With Nixon severing the world's paper from any precious metal, the price of gold can be considered irrelevant. CPI Inflation is a more useful indication. While there was some inflation soon after Nixon's action, peaking at 14% in 1980, there has otherwise been little post-WWII inflation (beyond a deliberate 2% target) until the present.

Is the present inflation a brief excursion, or will inflation become endemic? How high will central banks force interest rates to cool inflation? It appears that financial markets are optimistic about both these questions. Or are big players staring at the fast-approaching headlights wondering which way to jump?


The interesting thing is the US economy is dealing with inflation, debt increased notably... and the dollar is...

...well... the US Dollar is GAINING in strength.
As usual, when the world faces financial crisis, the Dollar shines with its special charisma — even if U.S. profligacy is exacerbating the crisis — and money seeking safe haven flows into America uplifting the dollar.

I have advised my clients to look for good real estate opportunities, and maintain a small hedge position in precious metals. Stocks will move up or down. Or drift sideways.

Despite the FACT that global debt is continually expanding, there is not enough of it.

As most people who follow my work are already aware, the current central bank run global financial system is debt based, and at its core what this means is every conceivable reason, including things which the average person could not even dream of, must and will be utilized to continually find reasons/create more reasons to borrow more cash into existence. As of late the two biggest machinations being forced upon the people of the world and are currently being used as mechanisms to pull EPIC sums into the now by more borrowing are:

1. Global disease processes like Covid and the various variants thereof, also

2. Expanding war(s).
You make it sound like there is some Cabal of billionaires and dictators who have an apocalyptic agenda. I have a more mundane — almost banal — opinion of financial trends.


Ok, but I still don’t see how will people accept this. Won’t there be riots and revolt?

Bill, you have to remember this isn’t coming online right now. It’s not coming online during relatively good times or even recession times. It’s going to come online when they’ve put the whole world into a collapse, which is what they’re doing right now, little by little. All you have to do is open your eyes to see all of the idiotic things they are doing to destroy the economy!

Once the world is in a severe economic depression, the system will be brought online and is expected to be accepted by the majority. It will be seen as a ‘relief plan’ and widely praised by the media. CEOs and top so-called capitalists, who are all secretly in of this communist-style plan, they’ll praise it. Just like they praised the vaccine, they’ll praise this, and people will say, ‘Oh, the TV and government says this is good, so it must be good.’

I’ve said this over and over, the rich actually get much richer with this plan they have. It’s audacious. They’ll actually sell it as the opposite, a redistribution of wealth for the ‘little guy’ when it’s not that. A lot of people will buy into that propaganda, though, they’ll see it as relief from the economic pain and ‘free money’ and so on.

They’ll also relish seeing their rich friends all on the same level playing field as them! Remember, a ton of rich people will be set at Class C and have all of their wealth seized. It’s an incredible slight of hand they’re going to pull off, convincing everyone this is a better and more fair system when it’s the opposite.

The poor and lower classes, even middle classes, watching the upper middle class and lower level rich people all get reduced to their level is a big selling point, a big part of the propaganda! Don’t discount how powerful that will be! The masses will relish watching this unfold, and see it as this new, fair system of wealth redistribution, which it’s not at all.

They’re also going to have a couple of token super rich people take a bad fall and get re-classed as Class C, or Common. This will be on the news, these guys will be trotted out, some of the men crying, being removed from their mansions. All of them will be White men. While this goes on, the public won’t bother to question why it didn’t happen to other rich people or celebrities. It doesn’t matter! The Covid operation proved the public will believe anything they are presented with, anything.

We also think some celebrities will pretend they are class C or Common, we think they will do TV shows about it. It will be this big thing. But they will just straight up lie, they won’t really be Common.

The biggest opposition they expect is from the patriot groups and the upper middle class and higher income groups. They’ve done psych profiles, A.I. simulations, all that for years and years, they have it all nailed down to a science. They know who will react, how, when, where, and how to respond to it. Their biggest worry are the preppers with guns, of course, but I’ve seen how they plan to deal with them and those people will pose almost zero threat to this plan going through.

While the rich may indeed once again get richer, I don't see them as Machiavellian colluders the way jdf5 does. I think most of them are as baffled as the rest of us.
 
I would summarize the world's financial history somewhat differently.

Didn't know I was talking about the world's financial history. Thought I was only talking about instances where turmoil in the markets was used to make substantial changes to the US Finacial system. I learn something new about me every day. :cautious:

IB4: No. I'm not saying whether those changes were good or bad.
 
A spiritual contact tells me the global economy will collapse this year. Not recession. More like the end of this debt based system i suppose.

Spiritual contacts have been predicting the apocalypse for centuries.

The economic system is a big problem. But population, environmental degradation, and weapons development are the real biggies. Does your "spiritual contact" have anything important to say about those issues?
Tom
 
I'm starting to believe the spiritual contact is Bernie Sanders or some really good weed.
 
I'm starting to believe the spiritual contact is Bernie Sanders or some really good weed.

In case you don't know, the Qanon conspiracy theory called The Great Reset is about how the Illuminati like Bill Gates have a plan in motion to murder 90% of the world population. Vaccination conspiracy theories are a small part of it ala the comment about AIDS coming from vaxx. Bernie Sanders is definitely not the spirit contact, maybe the My Pillow Guy, though.
 
Woah, I don't think weed does that either.
 
Ugh... So, there are two things to note here.

First, the national debt is just the void we took the money from.

It means the government owes you the full faith and credit of "the dollar", an abstract measure of stuff, and so to fulfill on this debt owed you by "society at large in the jurisdiction of the United States".

You may pass the debt owed on to someone else for something else that is not "the dollar", and they can accept instead to be owed the promise of "the dollar".

This promise is empty and FIAT, however. It says "figure out what promises/debts are worth by how the exchange of such promise/debt is conducted".

All money must work this way. There is no other way for money to possibly work. There is no concept of money that is not "debt", because money is about trading literal markers that represent things we don't have (the fulfillment of an empty promise) for what someone else does have, because they accept the empty promise that they can literally "pass the buck" on.

National debt vs the GDP is just "this is how much stuff there is to have faith in, compared to the numerical value of the faith itself."

Second, If you would want to make an argument against debt held by moneylenders rather than the system of FIAT, go ahead.

I would much rather new money enter into the hands of everyone uniformly, and through government spending, than through the expansion of debt to non-governmental interests.
 
This sort of crap has been around for ages. Back in the 90's there was a right winged religious kook named Marlon Maddox. He had a nation wide radio program, I occasionally tuned into because he was truly bizarre. One of his hobby horses was a world wide conspiracy of atheist, new age, conservationists who were plotting to kill off the vast majority of the world's population. He woul occassionally dedicate three days or even a week to such topics. Interviewing numerous koks and loonies who wrote books on the subject, pamphlets, cassette tapes, or had their own AM radio programs peddling garbage like this. Maarlon also had a bug up his ass about one Benjamin Creme, an English kook who claimed to be the Matreya, the reincarnated Buddha. Maddox assured his listeners Creme was leader of a shaddowy one world, genocidal conspiracy.

Maddox's radio show had excellent production values, he sounded very authoritative, and polished which was a weird contrast to his bat shit crazy conspiracy garbage he spewed at the world 5 days a week, three hours a day.
 
They keep having to come up with bigger "threats" to get you to listen because the lesser ones never panned out.

The sky is falling. Buy gold, vote conservative!
 
I'm starting to believe the spiritual contact is Bernie Sanders or some really good weed.

In case you don't know, the Qanon conspiracy theory called The Great Reset
The Great Reset did not originate with Qanon, nor is it a conspiracy. It is the brainchild of the World Economic Forum, and open discussion and advertisement of a plan is not a 'conspiracy theory'.

 
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