Central Baker Says Global Financial Reset Underway & Governments Are Preparing

by Thinker

For anyone who does even a modicum of research, the 2008 financial crash was not just a cyclical ‘bump’ in the credit cycle, but an actual death event for the entire financial system. And this is primarily why central banks like the Fed, ECB, and BOJ have had to constantly fund their ‘life support patient’ with endless amounts of QE, Zero percent Interest Rates, and even Negative Rates. In fact despite the reality of tens of trillions of dollars printed and monetized by the central banks over the past seven years in both the U.S. and in Europe, most banks remain underfunded, and pretty much insolvent if they had to administer true accounting practices.

Since around 2013, Asian and Eurasian economies such as Russia, China, India, and even Kyrgyzstan have been preparing for a post Petrodollar world, and one no longer controlled by the Western central banks. And even in Europe, nations such as Germany, Austria, and the Netherlands have all done the unprecedented move of recalling their gold reserves back from the U.S. into their own vaults. But while those who pay attention to the alternative financial media have heard numerous times that we are preparing for a great ‘Global Financial and Currency Reset’, only trickles of information has come from leaders on the reality of this paradigm shift.

Until now?

On June 21 the head of the UK’s central bank (Bank of England) gave a speech in:
www.thedailyeconomist.com/2018/06…lobal.html

Deutsche Bank is ‘technically insolvent’: Expert from CNBC.

Currency war can end global US dollar dominance & those who own gold have power

One such sign is the recent repatriation of gold from the United States. Countries such as Turkey, Germany, the Netherlands have been moving the bullion’s home. The reason is the Cold War is over and countries don’t see Russia as a threat anymore, says Claudio Grass, an independent precious metals advisor and Mises Ambassador. “Central banks moved their gold because they felt threatened by the USSR and saw the USA as their natural ally. The fact that central banks are repatriating their gold shows that this has changed. It also implies that they don’t see Russia as a bigger threat than the USA any longer. Europe stands in the center of this geopolitical power shift and some countries obviously believe it’s wise to store the gold in their home countries,” he told RT.

The world has been living in crisis since 2008, while a currency war started even earlier, notes Grass. Central banks have been:
www.rt.com/business/430715-physi…rency-war/

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