Global Currency Reset! The Devaluation Of The Dollar Is Happening & Will Lead To Economic Collapse

The following video is brought to you courtesy of the Epic Economist YouTube Channel. Click the video below to watch it now.

The financial system has been in serious danger of economic collapse for at least the last year.

When the pandemic hit, the US banking system was already poised for a meltdown. The federal government had enough on its plate trying to save those failing banks, and with the health crisis, it found itself having to bail out small and big companies, individual citizens, and state and local institutions as well. It was a monumental task, and rather than put thoughtful policy in place that accounted for long-term consequences instead of just immediate benefits, the Fed just started printing money. And they haven’t stopped. Of course, they run the risk of markets realizing that all of this excessive newly printed money is driving the US economy further into the ground. As soon as the world wakes up to this fact, the whole financial system could collapse in mere days. And no amount of new policy would be able to stop it.

In this video, we are going to discuss the economic indicators that show the true extent of the global currency reset we are already experiencing, and the fragility of the system that is propping up any semblance of normalcy we have left. We will show you what the experts are saying about where to put your money, and why precious metals may be one of the only safe options remaining.
This is the current state of the world, where the slightest thing could push our entire economy into an economic collapse. Up until now, many people have never had to think about the risks of the financial system, as the central banks have always been there to save them.
Writing for GoldSwitzerland.com, Egon von Greyerz–founder of private investment company Matterhorn Asset Management–shared his insights on why Keynesian economics just doesn’t make sense. Von Greyerz spent his first job working in commercial lending at a Swiss bank, and said that one of their guiding principles was to panic ahead of the curve, but in a calm and controlled way.
“For example,” he wrote, “if there was a substantial downturn in consumer spending, we implemented major cost reductions across the company within a few days. And if we made major acquisitions, we quickly sold off dead or liquid assets to reduce leverage to conservative levels.”
The job being done by our central banks now puts even the Weimar Republic and Zimbabwe to shame. Since the start of the pandemic, they have worked with governments to print and borrow a staggering $18 trillion. Since the start of the Great Financial Crisis in 2007, they have taken the global debt from $125 trillion to $275 trillion, more than doubling it. These massive figures seem normal to us now, but take a moment to consider just how much even 1 trillion is. It would take nearly 32,000 years to count that high, and that’s only if you spent 24 hours a day, 7 days a week doing nothing but counting–no breaks and no mistakes. That 18 trillion that has been created globally in the last few months–which represents a whopping 22 percent of global GDP–would take almost 600,000 years of counting.

However, those that worried that precious metals like gold and silver would drop alongside the stock market can take a sigh of relief. In fact, the opposite is happening. For the last week, gold has generally held steady about the $1770 mark, and bullish investors and new waves of the pandemic seem primed to push it into $1800 territory soon. Gold has been building steadily for a while now. In the time since the Gold Maginot Line broke last year (when gold’s value surpassed $1350), it has risen 30 percent and over $400. Many of the world’s largest banks and most renowned investors believe that gold is going to keep on exploding, with the potential to reach $3,000/ounce or beyond.

Gold’s price is a crucial indicator for central bankers because it represents how much trust the public has in the current system. For the US government and central banks, gold breaking that $1800 per ounce barrier would show a serious shift in public opinion, and the expectation that something needs to change, and soon. Hopefully, more and more Americans will wake up to the realities of our deeply broken financial system and invest in one of the few sure things we still have. The great reset of all the systems we have known within our lifetimes is already underway.”

Epic Economist

Epic Economist

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<