In May, the World Economic Forum launched its ‘great reset’ initiative. In October, Time Magazine dedicated an entire issue to the idea. Just a week later, International Monetary Fund Managing Director Kristalina Georgieva declared that the world was facing a ‘new Bretton Woods moment’.
Almost seven years ago, Amsterdam University Press published my book, The Big Reset. In it, I wrote: ‘A system reset seems imminent. The world’s financial system will need to find a new anchor around 2020. One day politicians will begin to understand only great changes can reset this system, which is being inflated to prevent deflation.’
A Chinese edition was published in 2015. The Beijing-based International Monetary Institute asked me to give a presentation on my reset thesis. My Chinese publisher suggested my speech be titled, ‘Waiting for 54 years’. That was how long ago the US had closed the gold window, in August 1971.
At that moment it became clear why the Chinese had decided to publish my controversial book. They agreed with my critical analysis of the dollar system. Soon after Lehman Brothers collapsed in 2008, China became concerned about the dollar-centred monetary system. Beijing pressured the US to exchange its mortgage-backed securities holdings to US treasuries. Washington agreed and soon after, China stopped investing in US treasuries. The Federal Reserve must now fill the gap, purchasing $2.4tn in treasuries this year. To hedge its large dollar position, China started to accumulate vast amounts of physical gold.
My book outlines some ideas to reform the international monetary system. There is a need to find a successor for the dollar. The special drawing right could serve as the new anchor for the monetary system. Change would require a new Bretton Woods conference, including to discuss debt restructurings. Gold could be re-introduced as one of the pillars of the global financial system.
Most of these topics are already in play. Both the United Nations and IMF are calling for debt restructurings, as are some European Union countries. US President-elect Joe Biden faces calls to cancel $1.7tn of student debt.
Last year, 22 countries added gold to their central bank reserves, a move not seen since 1971. Central bankers seem to be preparing for changes to our monetary system. In 2019, Bank of England Governor Marc Carney warned that the dollar was at risk of losing its status as the world reserve currency. He proposed the use of a new digital synthetic hegemonic currency.
I envisioned the big reset as a financial and economic overhaul. The proposed great reset seems to be an even larger project. The IMF says this endeavour could address most of the world’s major problems: health, education, gender equality and even climate change.
According to WEF Founder Klaus Schwab, co-author of The Great Reset, we must act fast. ‘The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world.’
This also explains the rush to test central bank digital currencies worldwide. After a quick roll-out they all can become part of the new synthetic hegemonic currency, as envisioned by Carney.
This SHC, based on five digital currencies (dollar, euro, pound, yen and renminbi), will be just like a digital SDR.
Willem Middelkoop is a Member of the OMFIF Advisory Board, founder of the Netherlands-based Commodity Discovery Fund and author of The Big Reset: War on Gold and the Financial Endgame.
Abraham van Helsing on Mon, 14th Dec 2020 4:56 am
Planetary order in the 21st century will be provided by both China (the first geopolitical entity after 2030 at the latest, with 1300 m people) and a counter-alliance EU-Russia-Heartland-USA (“Eurosphere”, 800 m people).
Sinosphere and Eurosphere will be both partners (massive but equal trade/New Silk Road, non-proliferation, Paris-accords, arms reduction) and competitors (for global markets and influence in Asia, Africa and South-America and colonizing other planets).
Kosher Bloomberg is engaging in wishful thinking. They ignore US racial polarization, the largest trade deficit in the world and a terrible military track record. And they think they have Europe in their pocket. They don’t, not anymore.
https://www.rt.com/news/387313-us-losing-leadership-eu-mogherini/
Abraham van Helsing on Mon, 14th Dec 2020 6:07 am
The Netherlands goes back into hard-lockdown as of today:
https://nos.nl/artikel/2360591-bijna-alles-dicht-harde-lockdown-tot-en-met-19-januari.html
Abraham van Helsing on Mon, 14th Dec 2020 6:44 am
Electoral college to formally cast ballots for Biden as president!!!!!
Victory over fraud and contempt for democracy, at last.
Abraham van Helsing on Mon, 14th Dec 2020 7:04 am
The previous post not from me.
Even if the electoral college will certify Biden and they almost certainly will, the republic will have been permanently changed. If white America does not revolt, the US is going to be a dictatorship and USSR-of-color, a nightmare for whites, like the USSR was.
But whatever happens, the zog-regime will always have to fear a potential white insurrection and foreign powers can factor this in and this will greatly limit the future foreign policy and military options of the zog-regime.
zero juan on Mon, 14th Dec 2020 7:08 am
Ppeee fuck is up
Abraham van Helsing said Electoral college to formally cast ballots for Bid…
zero juan on Mon, 14th Dec 2020 7:47 am
Ppeee fuck, I wiped your stench away over on the other side. LMFAO.
Abraham van Helsing on Mon, 14th Dec 2020 12:37 pm
Is Boris going to cave in? Now TORY MPs are putting pressure on BoJo to compromise or else quit:
“‘There is movement’: Ursula von der Leyen hails ‘new beginnings with old friends’ amid hopes of Brexit breakthrough as she says talks are in the ‘very last mile’ – but Tory MPs warn Boris must QUIT if negotiations collapse with No Deal“
https://www.dailymail.co.uk/news/article-9051317/Ursula-von-der-Leyen-fuels-hopes-Brexit-breakthrough.html
tommywantshismommy on Mon, 14th Dec 2020 12:47 pm
Eat the bugs, take the shot, wear the mask, live in the pod. You will be happy.
FamousDrScanlon on Mon, 14th Dec 2020 12:57 pm
The Final Curtain
“My US readers might also notice the parallels between the divisions over Brexit and those over Trump; both are examples of what David Graeber referred to as “extreme centrism” in which the crisis matters less than the team one chooses to identify with. The similarity is due to the fact that the fundamentals of the collapse of the current US Empire – energy shortages in the non-energy sectors of the economy, debt-overstretch and currency weakness, growing inequality and declining consumer spending power – are the same as those which brought about the collapse of the British Empire nearly a century ago.
Both sides in the current and highly heated debate are delusional. The side that thinks it can revive the Empire’s past glory ignore the crippling material conditions that have brought it to its knees. The side which thinks the Empire is already great sit in their rarefied gated communities, oblivious to the plight of the majority of their respective populations. Only those who grasp the full horror of a collapsing economy, depleted energy stocks and a decaying environment stand aside from the fray; understanding that nothing can now stop the process of collapse.
The only thing which separates Britain from the fate of the remainder of the western world is the speed with which our crises are developing. To paraphrase John Michael Greer, we Brits are merely getting our collapse in early to avoid the rush!”
https://consciousnessofsheep.co.uk/2020/12/14/the-final-curtain/
IfYouAreWhitesSitOnAssAndContribueNothing on Mon, 14th Dec 2020 1:12 pm
This is Quebec. Minister of immigration is fucking ugly mulatto or negro. After that are all surprise that man like me refuse to participate into Quebec and Canada society. You deserve fuckers. If you like the negro, and mulatto so much maybe they should be next ones to build a new civilization. After all, if the whites race is going instinct because we don’t reproduce enough, why should we contribute anything. Should the brown shit diversity by the ones responsible for bundling and imagining it. We should not contribute anything.
https://www.youtube.com/watch?v=Il0k_0aSWMU
FamousDrScanlon on Mon, 14th Dec 2020 2:26 pm
What great contribution has Quebec or scamming Québécois made?
For decades hoards of scamming white Québécois have come to BC with multiple ID’s from their family members which they use to scam multiple BC monthly welfare cheques.
Fuck off back to France free rider.
FamousDrScanlon on Mon, 14th Dec 2020 2:38 pm
Mother nature, Medea, will continue to reset your asses until humans are no more.
“The first 9 months of 2020 ties the annual record of 16 events that occurred in 2011 and 2017. 2020 is the sixth consecutive year (2015-2020) in which 10 or more billion-dollar weather and climate disaster events have impacted the United States. Over the last 41 years (1980-2020), the years with 10 or more separate billion-dollar disaster events include 1998, 2008, 2011-2012, and 2015-2020.”
https://www.ncdc.noaa.gov/billions/
FamousDrScanlon on Mon, 14th Dec 2020 2:43 pm
Relocated/Reset
Opinion: Could Americans become the next wave of refugees?
Wildfires fueled by drought, climate change are forcing thousands to seek shelter elsewhere
“In California, Oregon, and Washington this summer, cities filled with smoke from the climate fires, fires made more destructive from years of drought. The day skies were dark, sometimes yellow, and for a few days deep orange. Our air was so toxic that we were told to close our windows and not leave our homes. 564,000 people fled with the few items they could grab; many having nothing to return to. They join the 80 million people displaced from their homelands each year.
As coastlines recede, climate fires burn through states, droughts dry the land, and hurricanes flood lowlands. We are making our world less and less habitable and creating more and more climate refugees. The climate has been changing, but we haven’t.”
https://www.mercurynews.com/2020/12/13/opinion-could-americans-become-the-next-wave-of-refugees/
Could? It’s been happening for sometime & in greater numbers than the author is aware.
zero juan on Mon, 14th Dec 2020 2:51 pm
Ppeee, nobody cares who wins or loses except you because you are a schizoid that thinks he is famous. I care because I want you to suffer as much as possible. So, go ahead and be a lunatic and spend your entire day in madness. I am happy you are so fucked up Ppeee fuck
FamousDrScanlon said Relocated/Reset Opinion: Could Americans become t…
FamousDrScanlon said Mother nature, Medea, will continue to reset your…
FamousDrScanlon said What great contribution has Quebec or scamming Qué…
zero juan said Everyone hates you Davy.
Davy said zero juans mentelly retarded REAL Green. Ppeee is…
JuanP said Am I a luantic? I think so!
JuanP said I am a lunatic! I am a lunatic! I am not who I am!…
IfYouAreWhitesSitOnAssAndContribueNothing said This is Quebec. Minister of immigration is fucking…
REAL Green said Don’t listen to zero juan Davy. zero juans a lunat…
Abraham van Helsing said The humans can write & chatter & scream &a…
JuanP said I am winning and Davy is a loser! ROFLMFAO!
FamousDrScanlon said The Final Curtain “My US readers might also…
Davy said Everyone loves Ppeee, zero juan.
tommywantshismommy said Eat the bugs, take the shot, wear the mask, live i…
FamousDrScanlon said The End of the World Humans
FamousDrScanlon on Mon, 14th Dec 2020 2:53 pm
Am I the only one to notice that the loudest most hysterical plandemic & reset, ‘loss of freedom’ whiners are people who’ve been sitting at home bitching online for years & years before the Covid kid rode into town?
Malcontents with severe Agoraphobia.
Yabut I might get better someday, leave mom’s basement & meet a gal. Tell yourself.
Davy on Mon, 14th Dec 2020 3:07 pm
I want my mummy. But she hates me to.
REAL Green on Mon, 14th Dec 2020 3:15 pm
We hate Ppeee because he is a winner and we are a loser zero juan.
zero juan on Mon, 14th Dec 2020 3:17 pm
Ppeee is upset that is when he steal ids. Typical of the coward.
REAL Green said We hate Ppeee because he is a winner and we are a…
Davy said I want my mummy. But she hates me to.
FamousDrScanlon said Am I the only one to notice that the loudest most…
zero juan on Mon, 14th Dec 2020 3:19 pm
Quit stealing my ID Davy.
Loser
zero juan on Mon, 14th Dec 2020 4:42 pm
Quit whining Ppeee, we know you are a widdle pussy but you don’t have to make a big deal about it. Take your punishment like a man, won’t you! LMFAO. Suffer fucker
zero juan said Quit stealing my ID Davy. Loser
REAL Green on Mon, 14th Dec 2020 4:51 pm
Pops told us off REAL Good over on the other side widdle.
zero juan on Mon, 14th Dec 2020 5:14 pm
Ppeee, I thought you had REAL Green on ignore. LMFAO. You watch everything don’t you, fool. Pops and Ibon got their ass handed to them.
REAL Green said Pops told us off REAL Good over on the other side…
REAL Green on Mon, 14th Dec 2020 5:17 pm
Pops is one of the site owners widdle.
zero juan on Mon, 14th Dec 2020 5:22 pm
Ppeee, then he must know you are stealing Id’s and being a troll.
REAL Green said Pops is one of the site owners widdle.
zero juan on Mon, 14th Dec 2020 8:09 pm
Quit stealing my ID and being a troll Davy.
lunatic