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Part 1: From Global Currency Reset Site http://globalcurrencyreset.net/
Historical background on the Global Currency Reset
Looking back, the last Global Currency Reset happened between 1944 and 1945, towards the end of World War II.The powers that be decided that a new global world reserve currency was needed, so it became the US Dollar.
Previously, the pound sterling (British Pound) was used starting about 1860 or so (the time of the United States Civil War) until around 1914 when the Federal Reserve, a private company, was born.Obviously Britain was devastated by World War II and they were no longer a superpower, so the dollar became the world reserve currency officially after World War II.
On August 15, 1971, President Richard Nixon made the following statement during a televised pre written speech:
In the past seven years, there has been an average of one international monetary crisis every year. Now who gains from these crises? Not the working man; not the investor; not the real producers of wealth. The gainers are the international money speculators. Because they thrive on crises, they help to create them.
In recent weeks, the speculators have been waging an all-out war on the American dollar. The strength of a nation’s currency is based on the strength of that nation’s economy – and the American economy is by far the strongest in the world. Accordingly, I have directed the Secretary of the Treasury to take the action necessary to defend the dollar against the speculators.
I have directed Secretary Connally to suspend temporarily the convertibility of the American dollar except in amounts and conditions determined to be in the interest of monetary stability and in the best interests of the United States.
Now, what is this action – which is very technical – what does it mean for you?
Let me lay to rest the bugaboo of what is called devaluation. (By the way, many countries will have their currencies devalued during this global currency reset).
If you want to buy a foreign car or take a trip abroad, market conditions may cause your dollar to buy slightly less. But if you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today.
The effect of this action, in other words, will be to stabilize the dollar.
Now, this action will not win us any friends among the international money traders. But our primary concern is with the American workers, and with fair competition around the world.
To our friends abroad, including the many responsible members of the international banking community who are dedicated to stability and the flow of trade, I give this assurance: The United States has always been, and will continue to be, a forward-looking and trustworthy trading partner.
In full cooperation with the International Monetary Fund and those who trade with us, we will press for the necessary reforms to set up an urgently needed new international monetary system.
Stability and equal treatment is in everybody’s best interest. I am determined that the American dollar must never again be a hostage in the hands of international speculators.
I am taking one further step to protect the dollar, to improve our balance of payments, and to increase jobs for Americans. As a temporary measure, I am today imposing an additional tax of 10 percent on goods imported into the United States. This is a better solution for international trade than direct controls on the amount of imports.
Notice that parts I bolded relating to a global currency reset:
“they help to create them.”
Obviously, if you want to make money, create a crisis, and create the solution.Think about the guy who broke windows in a neighborhood and then posed as the windshield repair man.That’s the idea.
“all-out war on the American dollar. The strength of a nation’s currency is based on the strength of that nation’s economy” –
The coming Global Currency Reset (2014-2020) will be based, again, on the assets of the countries of the world.Example: Iraq has oil, South Africa has diamonds, China has gold, Vietnam has rice, the U.S. has, well, we have a lot of debt, so I guess we’re in trouble right?
President Nixon essentially said that we would eventually go back to a gold standard, and that this measure where countries could exchange their dollars for gold was only temporarily.Well, it’s been over 42 years and it doesn’t look like we will go back to exchanging our dollars for gold.
“devaluation” again devaluation is related to the coming global currency reset
LINK TO PART 2