Humanity’s Inevitable Path to a Global Currency System Reset (RV/GCR), 25 MAY

 Humanity’s Inevitable Path to a Global Currency System Reset (RV/GCR)

The signs are all around us as the world stands on the brink of a profound financial transformation.

In This Article:

• Historical Context Leading to the RV/GCR
• The Flaws in the Fiat Currency System
• Indicators of an Impending Financial Reset
• The Path to a More Stable Economic Future

Humanity is witnessing an unprecedented shift in the global economic landscape.

Technological advancements, geopolitical shifts, and inherent vulnerabilities in the current fiat currency financial system drive the imperative for a comprehensive global financial/currency reset (GFR/GCR), underpinned by the revaluation of currencies (RV) with tangible asset backing – Gold.

Also read: Europe’s Gold Agreement and Plans for a Gold Standard Currency (Part 1)

Total global government debt, and its unsustainable interest payment burdens, will rise to over $326 trillion in 2024.

Every government leader, financial and economic expert knows that this ever-increasing debt can never be paid off … Ever.

The current financial system will implode. It is only a matter of time.

There will be a total financial and currency system reset. There must be. It is inevitable.

Historical Context Leading to the RV/GCR

Throughout history, monetary systems have evolved to meet the changing needs of societies.

From barter to various forms of currency, humanity has continually sought efficient means of exchange. This evolution reflects the cyclical nature of monetary systems: they rise, fall, and transform.The current era of global fiat currencies, which derive value from government decree rather than intrinsic worth, marked a significant departure from previous systems anchored by tangible assets such as gold and silver.

The abandonment of the gold standard in the early 20th century epitomized this shift, bringing flexibility and control for central banks but also sowing the seeds of inherent vulnerabilities.

The Flaws in the Fiat Currency System

The advantages of fiat currencies—flexibility and economic stimulation—have also introduced significant risks.

Governments’ propensity to accumulate debt without restraint has led to skyrocketing global debt levels. By the end of 2024, the United States alone will have amassed over $35 trillion in debt, highlighting a collision course with a fiscal and currency collapse.

Such debt burdens constrain future generations and limit economic maneuverability.

Furthermore, the continuous monetary easing by central banks to stimulate economies has resulted in significant inflationary pressures, eroding the value of currencies and diminishing purchasing power.

This inflationary spiral exacerbates socioeconomic disparities and undermines financial security.

A critical flaw in the fiat currency system is the environment it creates for moral hazard among governments and central banks.

With the ability to print money at will, there is little incentive for fiscal responsibility.

Global governments continue to accrue unsustainable levels of debt, knowing they can rely on central banks to monetize this debt.

Central banks, in turn, implement policies that prioritize short-term economic gains over long-term stability, perpetuating a cycle of irresponsible financial behavior.

Indicators of an Impending Financial Reset

Several indicators point to the necessity of a global financial reset.

The relentless ascent of global debt levels highlights the unsustainable nature of the current system.

Many nations grapple with alarmingly high debt-to-GDP ratios, creating a debt trap that stifles economic growth. Additionally, the volatility in financial markets and the limitations of central bank interventions reveal the fragility of the current paradigm.

Exchange rate volatility within the global fiat currency markets are at unprecedented levels. When the end comes, the US Dollar will be the last fiat currency standing before it too collapses.

Also read: How to Predict the Collapse of the Global Financial System Before It Happens

Recent losses in traditionally “safe” long-term bonds, reminiscent of past financial crises, underscore the intrinsic, systemic risks associated with a debt-based system.

The political and social ramifications of these economic vulnerabilities further underscore the need for a coherent and long-term financial strategy.

The Path to a Global Financial System Reset

A comprehensive global financial reset must address the unsustainable debt burdens, inflationary pressures, and systemic risks that imperil economic stability.

This reset involves a calculated departure from the fiat currency system, embracing a transformative vision for the global financial overhaul.

Recognizing the approaching fiat system collapse, the growing BRICS Alliance is well on the way towards a gold-backed currency and new financial system infrastructure. They don’t want to go down with the global fiat system ship of fools.

Also read: BRICS Unveils Its Grand Plan for a New Gold-Backed Financial System

The revaluation of currencies with tangible gold backing is a crucial step toward a more stable and equitable financial future. By anchoring currencies to tangible assets, the global economy can achieve greater stability and reduce the risks associated with debt-based financial systems.

The Bottom Line

Humanity stands at a pivotal moment in economic history. The vulnerabilities of the current fiat currency system and the mounting global debt crisis necessitate a comprehensive financial reset.

By understanding the historical context, recognizing the flaws in the existing system, and identifying the indicators of an impending reset, we can chart a path toward a more stable and equitable financial future.

The global financial reset, underpinned by the revaluation of currencies with tangible asset backing, offers a transformative vision that addresses the systemic risks and economic challenges we face today.

The signs of this profound shift are evident, signaling that humanity is indeed on the brink of a significant financial transformation.

Rod Steel & Jon Dowling Is Iraq About To RV This Year?

"RV UPDATE" BY TEXAS SNAKE, 25 MAY

 TEXAS SNAKE

Well folks as we have been told the ideal time for release would be over a Holiday weekend and the banker was hopeful that we would receive notification close to the Reno bank closing time tonight. 

That didn't happen unfortunately.  Have also received comments declaring I am just another Guru scamming you folks.  

Salty is a dear friend who provided this room for me and my ultimate goal is to make available some basic financial planning techniques to avoid you becoming like Lottery Winners and be broke within a year or two of getting paid,

  As a result I don't open very often but the banker is hopeful he will get notified as we progress further into this weekend.  Should I get notification I will surely share,  Happy Memorial Weekend and GOD Bless.

IMF endorses Zimbabwe’s gold-backed currency, ZiG, as ‘positive policy action’, 25 MAY

GOLD TELEGRAPH

The IMF is now publicly supportive of a gold-backed currency. Many did not have this on their bingo card. The foundation is changing.

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MIKECRISTO

The IMF is speaking on behalf of the Chinese Gold revaluation. The IMF knows what’s about to go down…

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IMF endorses Zimbabwe’s gold-backed currency, ZiG, as ‘positive policy action’

In its first public comment on Zimbabwe’s new gold-backed currency, the International Monetary Fund (IMF) has welcomed the introduction of the Zimbabwe Gold (ZiG) as a significant and positive policy action.

The endorsement comes after the ZiG was launched last month. The new money aimed at stabilising the economy is backed by gold and foreign currency reserves.

According to an IMF spokesperson, the introduction of the ZiG represents a major step forward, supported by important monetary, currency, and fiscal policy measures. This move is seen as a crucial step towards economic recovery and stability in Zimbabwe.

“The introduction of ZiG represents a significant policy action accompanied by several complementary policy changes, including monetary, currency and fiscal policy measures,” the Washington based IMF spokesperson told Bloomberg.

Zimbabwe has been unable to access financing from prominent international lenders like the IMF for over 20 years. This is due to its failure to service its debt obligations to various creditors, including the World Bank, African Development Bank, and European Investment Bank.

As a result, the country has been excluded from receiving crucial financial support from these institutions, hindering its economic progress and development.

The IMF delegation, led by Wojciech Maliszewski, completed a critical mission to Zimbabwe in February 2024. They called for the need for sweeping economic reforms to tackle pressing issues such as high inflation, currency volatility, and unsustainable debt.

The organisation said it remains committed to providing policy guidance and technical support.

https://nehandaradio.com/2024/05/23/imf-endorses-zimbabwes-gold-backed-currency-zig-as-positive-policy-action/

Iraqi Dinar✅It's Massive CBI Big Statement About IQD RV Today 2024 / Ira...

Report: The departure of the United Nations mission from Iraq is an important step for the Sudanese government, 25 MAY

  Report: The departure of the United Nations mission from Iraq is an important step for the Sudanese government

 A report today, Friday, explained that the departure of the United Nations mission present in Iraq at the end of this month of May is a step of great importance to Iraqi sovereignty and to the government of Prime Minister Muhammad Shiaa Al-Sudani.

The report, which was published by the newspaper in English, and translated by Mail, stated, “The call to end the mission of the United Nations Assistance Mission for Iraq is part of a larger effort made by Baghdad to change the image of Iraq and direct it to an era that focuses on normal bilateral relations with other countries and international institutions.”

Renad Mansour, director of the Iraq Initiative at Chatham House, said, “The veneer of sovereignty is important for the government of Prime Minister Muhammad Shiaa al-Sudani,” noting that “Baghdad wants to show that this is not the same Iraq that witnessed a civil war, rebellions, or all of these types of conflicts that... "I have represented the country for the past few years, but this is a new chapter."

He added, "This is also why the Sudanese government hopes to renegotiate the presence of international forces present in Iraq as part of the anti-ISIS coalition."

Moreover, Baghdad believes that the presence of special UN oversight and officials reporting to the Security Council on its often embarrassing local dynamics hampers its strategy .

Other countries, which of course have their own problems, are not subject to similar reporting requirements .

Last year, Baghdad requested a strategic review of UNAMI activities as part of a one-year extension of the mission's mandate. This led to the visit of former UN official Volker Perthes to Iraq in November. He met with a wide range of actors across the country to assess the Mission's activities and future.

Al-Sudani's letter in April was a response to the strategic review's activities and conclusions. It objected to the fact that Peretz met with officials and figures from outside the Government of Iraq, including party officials and members of the Kurdistan Regional Government and civil society, and demanded a shorter timetable for the closure of the UN mission and the cessation of its activities. To be limited to non-political jobs.

Mansour pointed out that "there is a great debate about the role of the United Nations Assistance Mission for Iraq, but not everyone agrees with the government in Baghdad that the mission's political activities are no longer needed . "

The report continued, "The end of the mandate of the United Nations Assistance Mission for Iraq will not mean that Iraq is completely ending United Nations activities in the country . "

Mansour said, "This is a symbolic effort on the part of the government to present the country as a sovereign state that does not need a UN mission, nor does it need to hold a briefing to the UN Security Council every three months."

Some members of the international community have expressed their fear of ending the mission, albeit in diplomatic language.

The United States is a particularly important actor because it has the pen on Iraqi issues in the Security Council, which means it leads negotiations and drafts resolutions. This will be important in the coming weeks  link

"RV UPDATE" BY DEEPWOODZ, 25 MAY

  Deepwoodz 

 On the contracts...The way I see it, the two most important factors are 1) the guarantee's, and 2) the fact that these countries and contractors have faith in Iraq to pay for the work they are doing. Let’s say I want to do an electrical contract for Iraq.  I want 1 million dollars for it. I don’t care what the exchange rate is as long as the payment I receive is worth 1 million DOLLARS.  They are using dinar to pay...since January 1...A sovereign nation must use sovereign currency to pay their debts or they are in violation of the multi currency practices(MCP) that the IMF abhors. 

The parallel market rate is an illegal, “black market” rate. This is the rate they have been trying to get rid of andwe all know how they can easily get rid of it, and that’s by adding value to their national currency. A value that is much higher than the dollars they have used for 20 years.  I believe the way they are doing this is kind of like building all the financial infrastructure FIRST, that when all else is done, will be able to support the worlds most valuable currency rate. They are doing it right. Not just flipping a switch. That very last part of the cake, is the icing. The best for last. 

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 We used to get articles all the time about the need to pay salaries. I haven’t seen these much lately, if at all. Something else missing has been the START of new contracts and their costs...With the added 400 billion in new agreements Sudani spoke of. That’s billion dollars too by the way. Convert that to dinar if you like and see if you think Iraq has ever had that many dinar printed. 

 Then we have the HCL rights which are defined in the constitution as well, but still nothing on paper. Obviously Sudani’s government is keeping a secret. I wonder what that could be? Wouldn’t these three items be dependent on a NEW value to their currency? I have no doubt. 

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-deepwoodz-2-may.html