![]() In more recent times, the US also retains its currency’s value by ensuring that a good portion of world financial contracts are denominated in USD, including OPEC’s oil production. If this occurs, this would unbalance a system that has been in place for over a century as the dollar gained ascendency because of its former gold standard and American efforts to pick up the pieces after both world wars. What you have instead is a collection of portraits of long-dead presidents. If there is no trust, then you don’t have money. The theory behind the Global Currency Reset is that the USD would lose its position as a reserve currency because the US is overly leveraged and becoming less competitive compared to resource-rich emerging economies.Īfter all, the value of a currency is a barometer of people’s trust in the government and its ability to repay debts. ![]() ![]() It’s worth addressing because misunderstanding market signals can lead you down the wrong path. ![]() Among the ones that have been making the rounds lately is that of a “Global Currency Reset”, and I’ve had clients asking me about it. In a lot of corners of the internet and the offshore world, you often hear about all manner of rumours and ideas. ![]()
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