As The Currency Reset Begins: Get Gold As It Is “Where The Whole World Is Heading”

• As The Currency Reset Begins – Get Gold As It Is “Where The Whole World Is Heading”
  by GoldCore, via https://www.zerohedge.com/
  As the Reset Begins, Get Gold
  by James Rickards for Agora Financial’s Gold Speculator
  This may be the most important commentary I’ve ever written. Here’s why.
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  For years, financial analysts have discussed what’s called the Global Monetary Reset, or GMR. Expectations of a GMR stem from the fact that monetary policies around the world are unstable and unsustainable.
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  There is no anchor to the system. There is no limit on money printing. There is no limit on debt creation. Such a system grows exponentially based on the false belief that governments can spend as much as they want and central banks will pick up the tab or bail out the system as needed.
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  Politicians love the system because they can buy votes from their citizens. Central bankers love the system because of the power and prestige it brings them. Citizens love the system because they get handouts, bailouts, pumped-up asset values and other goodies seemingly for free.
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  What’s not to like?
  The problem, of course, is that the system is unstable and unsustainable. It’s a huge inverted pyramid of promises poised on a small sliver of real money called gold. It’s bound to tip over and come crashing down as it has many times in the past, from the Jubilees of ancient Israel to the global financial crisis of 2008.
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  The 2008 panic would have closed banks and capital markets globally but for tens of trillions of dollars of central bank intervention. That bailout money printing has still not been mopped up. The 2008 bailout has sown the seeds of the next crisis.
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  Viewing this broadly, an objective analyst can see that a new system based on some hybrid of dollars, gold and the IMF’s world money called special drawing rights (SDRs) is inevitable. This new system could even include an encrypted distributed ledger or blockchain, and might revert to fixed exchange rates instead of floating.
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  read more.

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https://socioecohistory.wordpress.com/2018/07/03/as-the-currency-reset-begins-get-gold-as-it-is-where-the-whole-world-is-heading/