Will there be a Global Currency Reset? If so why and when?

2015-04-12T15:14:53-04:00

Response by SSG Private RallyPoint Member made Apr 12 at 2015 6:00 PM

2015-04-12T18:00:21-04:00

Europe has already started the process with the Euro. I am a little surprised that the Euro has not expanded to more countries in the region as it seems like a viable solution for the European Nations.

I am not sure that would work for the U.S. not to mention with all that we owe China I highly doubt that they would go for it.

Finally, I believe that we would all have to get along if a Universal type of currency was going to work.

I am not sure that ill ever happen. Which is Unfortunate.

Response by CW2 Joseph Evans made Apr 12 at 2015 7:18 PM

2015-04-12T19:18:22-04:00

We do and at the same time do not want the GCR to happen.
To date, the U.S. Dollar has been the go to currency for global trading. The reset acknowledges that we are no longer the strongest economy in the world. It also sets the stage for the NWO and One World Government...
I am not a fan of the current system, but I'm not prepared to be the subject of neo-feudal states managed through a coporatocracy.

Response by LTC John Shaw made Apr 12 at 2015 7:38 PM

2015-04-12T19:38:44-04:00

Steve,

Please define what you mean by GCR...
1) Do you mean current Worldwide governmental/federal interest rates going to zero in all major central banks
OR
2) Currencies that can compete with the US Dollar for purposes of international trade. Example: Most major commodities are priced in Dollar terms because it is the 'dominant' currency.

Response by CW2 Steve Roberts made Apr 12 at 2015 10:04 PM

2015-04-12T22:04:55-04:00

If there will be a reset it will not be like Europe. Countries will keep their currencies some of it may change, but there will be a offset and balance with all other currencies. Yes the US dollar will use its value and that gold and silver will gain value.

Response by CW2 Steve Roberts made Apr 12 at 2015 10:28 PM

2015-04-12T22:28:38-04:00

There are many factors pointing to a global currency reset. We have been in a currency crisis since September, 2008. For the last five years, the Fed has attempted to resuscitate the world’s reserve currency. The Saudis are now working to buy nukes to protect themselves. In the past, the U.S. managed their protection but now the Saudis are publicly disenchanted with America. Saudi Arabia is moving closer to the Chinese. When the Saudis announce the departure of oil sales in U.S. Dollars, there will be a major move away from U.S. Bond holdings. This will cause interest rates to go up on U.S. based borrowings.

In order to prevent this from crippling the American economy, the U.S. must enter into agreements with other countries. A 50% devaluation in the U.S. currency may occur. If this happens, the price of gold & silver would double. As a result of a GCR, gold-backed settlement would be reinstated. Countries fighting this devaluation may sustain banking system collapses.

The Chinese could write off much of their U.S. Bond holdings with the offset of the new valuation of their gold holdings. They may be willing to take the hit. The Singapore Precious Metals Exchange has been established to challenge the London Metals Exchange. Gold is moving to the East, so is the global monetary power.

The next question is, could the U.S. Dollar be split into “Domestic” and “International” denominations? Everything is on the table.

Response by SFC Mark Merino made Apr 13 at 2015 8:27 PM

2015-04-13T20:27:42-04:00

Sounds like the first steps in the book of Revelations to me.......I'm voting a BIG no on that one.

Response by SGM Mikel Dawson made Apr 13 at 2015 10:13 PM

2015-04-13T22:13:59-04:00

For me it's a little difficult to know who's going to come out on top. I know the worthless dollar won't last the way things are going, but like others post, who's going to replace it. For me I keep my currency holdings low, I'm more into gold or silver, mainly silver. No matter who's currency comes out on top next, I really see a time coming when there is no money. Today bank transfers are too easy. In my business, more and more people are paying with bank transfer programs, so no physical money changes hands, just "credits". The "credits" are coming, its just a matter of who's credits they are.

Response by LCDR Private RallyPoint Member made Apr 13 at 2015 10:15 PM

2015-04-13T22:15:58-04:00