The Great Reset And 'BIG' Changes For The Global Monetary System

The Great Reset Is Coming for the Currency

Stefan Gleason

As the Great Reset proceeds from globalist think tanks and technology billionaires to allied media elites, governments, schools, and Woke corporations, what will be “reset” next?

Supporters of the World Economic Forum’s all-encompassing Great Reset agenda are eyeing BIG changes for the global monetary system.

Plans that might once have been dismissed as pure speculation or conspiracy theories are now being openly pushed by people who occupy the highest levels of power.

 ...Treasury Secretary Janet Yellen The former Federal Reserve chair has taken a particular interest in stamping out cryptocurrencies and expanding the reach of the International Monetary Fund (IMF) – which could ultimately be the issuer of a new global digital currency.

Yellen derided Bitcoin as “an extremely inefficient way to conduct transactions” because “the amount of energy consumed in processing those transactions is staggering.”

A report just released on Monday by Citi (“Bitcoin: At the Tipping Point”) makes the case that Bitcoin could become the currency of choice for international trade within seven years. That assumes governments won’t act in conjunction to ban or co-opt the technology to ensure they maintain “legal tender” monopolies.

In principle, Yellen and her global central planning cohorts support the digitization of money. In fact, they are enthusiastic about the prospects for replacing circulating paper cash with digital tokens.

They just want to make sure those digits are issued and controlled by governments and central banks.

Treasury Secretary Yellen recently told the New York Times, “Too many Americans really don’t have access to easy payment systems and to banking accounts, and I think this is something that a digital dollar — a central bank digital currency — could help with. I think it could result in faster, safer and cheaper payments.”

A central bank digital currency might also result in the imposition of negative interest rates or the automatic deduction of taxes with no way for holders to escape… except by exiting the dollar-denominated financial system entirely.

Federal Reserve Chairman Jerome Powell told Congress last week that the Fed is indeed “looking carefully” at issuing a digital dollar, calling it “a high priority project for us.”

Anyone who is concerned about the prospect of being herded into a new digital currency regime should make it a high priority to own tangible money that exists outside the financial system.

No technology or government mandate can change the fact that gold and silver have universally recognized, inflation-resistant value.