Global Currency Reset! The Largest Wealth Transfer in History - Trump Replace The Dollar With Gold

by: Economic Predictions

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special reports is a daily show that will cover issues surrounding the economic collapse all our reports and daily alert news are backed up by source links we work very hard to bring you the facts and we research everything before presenting the report subscribe for latest on financial crisis oil price global economic collapse dollar collapse gold silver Bitcoin global reset new world order economic collapse economic news political geopolitical news today we talk about global currency reset the largest wealth transfer in history trump replaced the dollar with gold the global currency reset is the absolute biggest transfer of wealth in the history of the planet another major transfer of wealth was during the Great Depression many people became wealthy while many lost everything this global currency reset has been in the works for an indefinite amount of time it is said that the lynchpin for this is the revaluation of the iraqi dinar however many believe this reset has been hundreds of years in the making what are the reasons for a global currency reset and how will it be supported the most obvious reason for a global currency reset is the huge imbalance throughout the world's economies there are countries such as Iraq and Vietnam that have immense amounts of valuable natural resources and yet their currencies are worth less than hundredths of a penny this leads to the next reason for the global currency reset over the last couple of years the entire world has slowly moved toward complying with new regulations called Basel 3 one of the highlights of these regulations is that all currencies the international banks deal with will have to be asset backed so in other words every country will have its currency valued in real time based on its resources the resources considered them the valuation of a country's currency will be gold silver crude oil natural gas diamond mines etc one of the most common explanations of where the global currency reset comes from is the st. Germaine trust according to this legend Saint Germain during one of his incarnations figured out the secrets of alchemy and was able to create precious metals and gemstones that will he apparently amassed huge amounts of gold and gemstones that are hidden away somewhere waiting to be released to the people of earth this story is very far fetched however wasn't the idea that the government was using this as collateral to borrow ridiculous amounts of money far-fetched as well there are a couple of other programs one can study to learn more about the global currency reset the number of people following nazar has grown incredibly over the last 10 years it all started just over ten years ago when a group of farmers got together and filed a class-action lawsuit against the United States Department of Agriculture Messara law was the remedy to this lawsuit however it has yet to be enacted there are many who believe that when Messara law becomes effective the entire United States corporation will be dismantled along with all public offices that are currently being held by people with special titles such as Esquire if they're an attorney Messara law also says that all the people of America will be awarded some amount money as a compensation for all the abuse done to the people by the United States federal government the other program is the prosperity programs there seems to be very little information available for this but it seems these prosperity programs will be funded by the st. germain trust these programs are supposedly going to be handing out very large amounts of money to each person on earth and will change the face of the planet forever of course all of this would happen after the playing field has been leveled out by the global currency reset it is obvious that currency plays are very speculative and there are no guarantees that any of this information will play out the way we think it will and as much as we want to believe that there is a group out there somewhere fighting for the little people and that they will eventually restore the Republic our founding fathers intended there is no denying that we each have to do our own part in this journey towards freedom we each must do our own due diligence and figure out what's really going on in this world and how does our economy and government really function we have to figure out how we became entangled in this mess so that we may eventually rise above it and be part of the solution president Trump replaced the dollar with gold as the global currency to make America great again inside president Trump's otherwise standard Trump's thump speech at FAC was nestled what might be a most intriguing observation global cooperation dealing with other countries getting along with other countries is good it's very important but there is no such thing as a global anthem a global currency or a global flag this is the United States of America that I'm representing there's a keen insight in there that could just maybe transform our lives America and the world no global currency was this with the poetic observation that there is no such thing as a global anthem or a global flag just the Trop or could it contain a political portent with potential high impact on world financial markets let's drill down as it happens there is a global currency it's called the US dollar most international trade is priced in dollars the Bretton Woods international monetary system invested the dollar which then was defined as and internationally was legally convertible to gold at $35 / oz with global currency status Francis then finance minister later its president valéry Giscard this thing called the reserve currency status of the dollar its status along with gold as global currency an exorbitant privilege by this dis thing was alluding to the fact as summarized at Wikipedia that as American economist berrykin Greene summarized it costs only a few cents for the Bureau of Engraving and printing to produce a $100 bill but other countries have to pony up $100 of actual goods in order to obtain one that privilege which made great sense during the period immediately after World War two became a curse in 1971 President Nixon under the influence of his van gaal II like Treasury Secretary John Connally suspend edie temporarily the convertibility of the dollar into gold that closure proved durable instead of temporary the dollar became and remains the world's global currency what had been an exorbitant privilege evolved into an exorbitant liability as my former professional colleague John D Mueller of the ethics and Public Policy Center formerly representative Jack Kemp's economists writing in The Wall Street Journal and Trump's real trade problem is money recently in a student observed a monetary system based on a reserve currency is unsustainable since foreign official dollar reserves for example are acquired and must be repaid in goods in other words the increase in official dollar reserves equals the net exports of the rest of the world which means it must also equal u.s. international payments deficits an unsustainable situation in other words if President Trump wishes to address America's merchandise trade deficit balance to perfection of course by a capital account surplus he will find that allowing the dollar to be used as the global currency is the real snake and the economic woodpile the dollars burden as the International reserve currency not currency manipulation by our trading partners or bad treaties is the true villain in the ongoing melodrama of economy job creation mueller's Wall Street Journal column enumerates the three options open to President Trump first mightily long under the current dollar standard a position supported by resigned foreigners and some nostalgic Americans among them Brian Riley and William Wilson at the Heritage Foundation and James petha caucus of the American Enterprise Institute second turned the International Monetary Fund into a world central bank issuing paper for example Special Drawing rights reserves as proposed in 1943 by Keynes since the nineteen sixties by Robert a Mundell and in 2009 by zhu zhu yawen governor of the People's Bank of China drawbacks this kind of standard is highly political and the allocation of Special Drawing rights essentially arbitrary since the IMF produces no goods third adopted a modernized international gold standard as proposed in the 1960s by roof and in 1984 by his protege Louis XI Lehrman and then representative jack kemp to muddle along would of course be entirely antithetical to Trump's promise to make America great again it would destroy his crucial commitment to get the economy growing at 3% plus vastly faster than a test for the past 17 years which also happens to be the recipe for a robust job creation and upward income for workers it also is the essential ingredient for balancing the federal budget while rebuilding our infrastructure and military to turn the IMF into a world central bank would of course be anathema to Trump's economic nationalism to subordinate the dollar to the IMF s SDR would be equivalent to lowering Old Glory and replacing the American flag with the flag of the United Nations on every flagpole in America unthinkable under a trump administration that leaves the third option to adopt a modernized international gold standard as proposed in the 1960s by roof and in 1984 by his protege Lewis E Lehrman and then representative jack kemp whose eponymous foundation I advise to this one should add as contributor Nathan Lewis has shrewdly observed the removal of tax and regulatory barriers to the use of Golda's currency as I have repeatedly observed Donald Trump shows a strong affinity for gold he has also shown a keen intuitive grasp of how the gold standard was crucial to having made America great Donald Trump we used to have a very very solid country because it was based on a gold standard he told mere television in New Hampshire in March last year but he said it would be tough to bring it back because we don't have the gold other places have the gold Trump's comment 2gq bringing back the gold standard would be very hard to do but boy would it be wonderful we'd have a standard on which to base our money Trump has been misled to believe that we don't have the gold other places of the gold in fact the United States Germany and the IMF together have about as much gold as the rest of the world combined than America has well more than Germany and the IMF combined this column has been updated to clarify that the United States has well more gold than Germany and the IMF combined but not as originally stated more than twice as much we have the gold bringing back the gold standard would not be very hard to do Trump's politically unique intuition that we used to have a very very solid country because it was based on a gold standard is no trivial matter it is true and as I have written elsewhere Mark Levinson writing recently in the Wall Street Journal provides a very pessimistic view for the American Dream why the economy doesn't roar anymore the long boom after World War two left Americans with unrealistic expectations but there is no going back to that unusual golden age people who had thought themselves condemned to be sharecroppers in the Alabama cotton belt or day laborers in the boot heel of Italy found opportunities they could never have imagined the French called this period les Trent ilari uses the thirty glorious years German spoke of the words chaff to endure the economic miracle while the Japanese more modestly referred to the era of high economic growth in the english-speaking countries it has more commonly been called the Golden Age the Golden Age was the first sustained period of economic growth in most countries since the 1920s but it was built on far more than just pent-up demand and the stimulus of the post-war baby boom unprecedented productivity growth around the world made the Golden Age possible in the 25 years that ended in 1973 the amount produced in an hour of work roughly doubled in the US and Canada tripled in Europe and colon tupled in Japan ever since the golden age vanished amid the gasoline lands of 1973 political leaders in every wealthy country have insisted that the right policies will bring back those heady days voters who have been trained to expect that their leaders can deliver something more than ordinary are likely to find reality disappointing Levinson whose column uses Golden Age as its light motif strangely fails to make the connection between or even explore the fact that the era he calls the golden age correlated precisely with America and the world being on a form of gold standard particularly the modified gold standard known as the Bretton Woods system Bretton Woods had the inherent flaw of using the dollar as an international reserve asset but until that flounder minded it served equitable prosperity what would be the outcome of Trump's following his instincts and going for the gold prosperity that's what former Fed Chairman Alan Greenspan just provided or barely noticed big reveal in an interview of the world gold council's gold investor chairman Greenspan stating I view gold as the primary global currency went on to explicitly reveal for the first time to my knowledge that when there was chair of the Federal Reserve I used to testify before US congressman Ron Paul who is a very strong advocate of gold we had some interesting discussions I told him that US monetary policy tried to follow signals that a gold standard would have created the period of following signals that a gold standard would have created called the Great Moderation under President Clinton was one of the most equitably prosperous in modern American history that era saw the creation of over 20 million jobs robust growth converted the federal deficit into a surplus it was if only virtually rather than institutionally a golden age after the Fed abandoned its Great Moderation America experienced almost no net job creation under president george w bush and very mediocre job creation under president obama sad I want the American Dream back we all do very much including president Trump how my President Trump go about turning this around he has a unique opening to forcefully pivot America toward epic prosperity as Paul Martin Fawcett the manager Center astutely points out the Federal Reserve Board currently has three vacancies if Trump were to fill those vacancies with three sophisticated gold standard advocates from the short list of Louis E Lehrman whose eponymous Institute I formerly served dr. Judy Shelton who served as an advisor on this presidential economic transition team former presidential candidate Steve Forbes and John Allison former CEO of BB&T preferably is vice chairman for regulation the president would create a super beachhead team at the Fed to seriously restore equitable prosperity these appointments would be the safe and share first steps out of economic stagnation for America coupled these with a White House timbi to plan the enactment of the Jack Kemp gold standard Act and removal of the regulatory and tax barriers to using gold as currency then watch an American economic miracle take place mr. president no such thing as a global currency the dollar is the global currency want prosperity chairman Greenspan and do not just view but restore gold as the primary global currency president Trump replaced the dollar with gold as the global currency to make America great again we have the gold thanks for watching [Music]


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