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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