Many argue that the main urgency to lock the world down and implement ‘The Great Reset’ came from the collapsing of the fiat monetary system globally. That is, the system of printing money (“MMT”) has kept our paper money system and trust among citizens, banks, and world governments afloat for 45 years, but was set to collapse in 2008 (Great Financial Crisis), again in Sept. 2019 (repo swap crisis), and would have finally collapsed 2020 had not C19 pandemic come along and provided an excuse to stop everything and permit the governments to print trillions in money for years. Some on the financial side believe that many governments, already signed on to the WEF/UN/World Bank system of societal guidance, were warned of societal collapse and breakdown if the system of money collapsed (people would stop working, shipping and supply chains would halt, governments, banks, and employers would not function or honor payments or paycheques etc.) This collapse would have been inevitable in either two forms. First, central banks were facing the prospect of needing negative interest rates to keep the system running, which would lead to collapse. Or, secondly, if they continued printing trillions, the ‘transitory inflation’ we see now (Fall of 2021) would become hyperinflation. They know both scenarios would result in the monetary system failing, causing societal mistrust and breakdown. The interim mode they are operating in now, as of Oct. 2021, allows them to inflate away their debt and pass the costs on to the average person. That is, we have had months of high inflation (>4 or 5%) for all basic goods (groceries, fuel), all the while in a zero-percent interest rate environment. This devalues people’s savings and cash, even though they feel they have more savings, and essentially lets the governments inflate away their debt almost invisibly.
Fiat Money ‘Collapse’ and the CBDC
Fiat Money ‘Collapse’ and the CBDC
Fiat Money ‘Collapse’ and the CBDC
Many argue that the main urgency to lock the world down and implement ‘The Great Reset’ came from the collapsing of the fiat monetary system globally. That is, the system of printing money (“MMT”) has kept our paper money system and trust among citizens, banks, and world governments afloat for 45 years, but was set to collapse in 2008 (Great Financial Crisis), again in Sept. 2019 (repo swap crisis), and would have finally collapsed 2020 had not C19 pandemic come along and provided an excuse to stop everything and permit the governments to print trillions in money for years. Some on the financial side believe that many governments, already signed on to the WEF/UN/World Bank system of societal guidance, were warned of societal collapse and breakdown if the system of money collapsed (people would stop working, shipping and supply chains would halt, governments, banks, and employers would not function or honor payments or paycheques etc.) This collapse would have been inevitable in either two forms. First, central banks were facing the prospect of needing negative interest rates to keep the system running, which would lead to collapse. Or, secondly, if they continued printing trillions, the ‘transitory inflation’ we see now (Fall of 2021) would become hyperinflation. They know both scenarios would result in the monetary system failing, causing societal mistrust and breakdown. The interim mode they are operating in now, as of Oct. 2021, allows them to inflate away their debt and pass the costs on to the average person. That is, we have had months of high inflation (>4 or 5%) for all basic goods (groceries, fuel), all the while in a zero-percent interest rate environment. This devalues people’s savings and cash, even though they feel they have more savings, and essentially lets the governments inflate away their debt almost invisibly.