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1/ A NEW WORLD ORDER
called Bretton Woods monetary system was formed in 1944 where Gold linked to USD, became the world currency. But in the 1960s, fundamental flaws of the system due to US deficits funding various projects emerged. Foreign countries demanded more Gold > USD.
called Bretton Woods monetary system was formed in 1944 where Gold linked to USD, became the world currency. But in the 1960s, fundamental flaws of the system due to US deficits funding various projects emerged. Foreign countries demanded more Gold > USD.
2/ Then in 1971, the Gold standard was replaced by USD fiat money forcing an end to the Bretton Woods experiment. Other countries had to depend on USD to convert to other currencies.
What happened in the last 4-5 decades?
-
wealth gap between gen
-income inequality gap
What happened in the last 4-5 decades?
-
wealth gap between gen-
income inequality gap
3/ The dollar you are making today isn't the same nominal value of the dollar your parents made. We have less buying power when it comes to financial assets. Not only has the pandemic accelerated global trends, it has advanced how broken the current global money structure is.
4/ There are 3 phases of monetary policies during economic downturns:
Phase 1: governments
interest rates in hope for demand to boost economy.
Phase 2: Central banks print more USD, release bonds and buy financial assets. This boosts financial markets for the time being.
Phase 1: governments
interest rates in hope for demand to boost economy.Phase 2: Central banks print more USD, release bonds and buy financial assets. This boosts financial markets for the time being.
5/ Phase 3: This is the phase we are currently in - the extra money being printed isn't being passed down to places that need it the most!
According to the Dollar Milkshake Theory, if the central banks continue to print unlimited USD, global debt will be amplified.
According to the Dollar Milkshake Theory, if the central banks continue to print unlimited USD, global debt will be amplified.
6/ Excluding global warming, a BROKEN money system is the driving force to many of the world's current problems. If we think about systemic racism, income inequality gaps, or any kind of diversification, the core roots of the problems stem from a gradual in poverty.
in poverty.
7/ Final thoughts:
We are all living through a failed financial system experiment which needs restructuring. If terrible leadership persists without action or unity, nations will lose trust in the system due to debt and will be forced into a possible *NWO* for economic recovery.
We are all living through a failed financial system experiment which needs restructuring. If terrible leadership persists without action or unity, nations will lose trust in the system due to debt and will be forced into a possible *NWO* for economic recovery.
