Yes. All savings will be wiped clean. The current dollar will be valued at next to nothing and will be replaced by the CBDC (digital currency) at pennies to the dollar. As Klaus Anal Schwab said, you will own nothing, and be happy.
The fed govt says it has 261Trillion oz of gold reserves between the 4 major depositories. If you believe that, I guess you believe everything else the fed govt has told you.
The current price of gold will be gutted (reset) in order to provide value to the new CBDC currency. We are too far gone to go back to a gold standard. At almost $300 trillion in debt, every taxpayer in the US owing over $2 million in debt thanks to our govt,, a collapsing money supply that supports a falling global demand (I don’t even think anyone knows how many dollars exist). It appears there is roughly $2 trillion in M2, $40 trillion in circulation if you cover all savings and bank deposits, $95 trillion if you want to cover stock market investments, and if we need to cover all investments, we need $1.3 quadrillion. There is not enough gold to cover this, and a Great Reset only means everyone goes broke. Yes products may be less costly, but we will have no savings to buy anything of value with. Not so rosie.
I fear we have long since out grown any type of precious metal backing for currency. I do not think I will be very happy after a total collapse where the current dollar is worth nothing, we have lost everything, have no savings, no homes, and no possessions. I don’t see things like Klaus does.
Yes. All savings will be wiped clean. The current dollar will be valued at next to nothing and will be replaced by the CBDC (digital currency) at pennies to the dollar. As Klaus Anal Schwab said, you will own nothing, and be happy.
The fed govt says it has 261Trillion oz of gold reserves between the 4 major depositories. If you believe that, I guess you believe everything else the fed govt has told you.
The current price of gold will be gutted (reset) in order to provide value to the new CBDC currency. We are too far gone to go back to a gold standard. At almost $300 trillion in debt, every taxpayer in the US owing over $2 million in debt thanks to our govt,, a collapsing money supply that supports a falling global demand (I don’t even think anyone knows how many dollars exist). It appears there is roughly $2 trillion in M2, $40 trillion in circulation if you cover all savings and bank deposits, $95 trillion if you want to cover stock market investments, and if we need to cover all investments, we need $1.3 quadrillion. There is not enough gold to cover this, and a Great Reset only means everyone goes broke. Yes products may be less costly, but we will have no savings to buy anything of value with. Not so rosie.
I fear we have long since out grown any type of precious metal backing for currency. I do not think I will be very happy after a total collapse where the current dollar is worth nothing, we have lost everything, have no savings, no homes, and no possessions. I don’t see things like Klaus does.