Thread by @wmiddelkoop

Thread

So what is a Big Reset?

Probably not a one-time event, but a series of important changes coming to the International Monetary System (IMS), which started in 1944 (Bretton Woods Conference), when the $ became the anchor for the IMS.

The US promised the dollar would be ‘as-good-as-gold’ and could always be exchanged for Gold at $35 per ounce. Russia and China chose not to be part of the new IMS. All was well till the 1960’s.

So under the Bretton Woods Rules, gold was the basis for the dollar and other currencies were pegged to it. The Bretton Woods System effectively came to an end in the early 1970s when President Nixon announced that the US would no longer exchange $$ for Gold.

Reason: the collapse of the London Gold Pool in 1968.

A group of eight western central banks agreed, in 1961, to cooperate in maintaining the Bretton Woods System and defending the dollar, which needed a constant gold price of $35, by manipulating the London gold market.

The central banks coordinated gold sales to balance spikes in the price of Gold. These price controls were successful for six years until the system failed. Gold prices was kept artificially low so a run on gold started, especially after France decided to withdraw from the pool.

The result was a halt to all London gold trading and much higher prices in the rest of the world. Gold rose from $35 in 1968 to $800 in 1980.

It was also the start for the dollar panic of the early 1970’s, before the Petrodollar-deal between US and Saudi’s was arranged.

The Nixon shock was a series of measures undertaken by Nixon in 1971 with the temporarily and unilateral cancellation of the convertibility $ to gold, a key component of the IMS. Nixon stated the US wanted to resume direct convertibility of $$ for gold, after reforms to the IMS.

So the petrodollar system started in the early 1970s, after the gold pool collapse. The US feared the abandonment of gold as a central part of the IMS, combined with a growing US trade deficit, would lead to a dollar panic. A new trick had to be found ..

Nixon’s Secretary of State, Kissinger had a plan.
He convinced the Saudi royal family to an agreement in which the US would offer military protection for the royal family and Saudi Arabia's oil fields, in return the Saudis would price their oil only in $$. They, and OPEC agreed.

So a collapse of the Petrodollardeal will probably be the last nail in the coffin for the $, as the anchor for the World’s Monetary System (IMS).
That’s why the high-five photo of Putin and MBS was so significant. Yes, a new anchor will need to be found after a collapse ..

Nor the Euro, or the Renminbi are ready for this role. Probably only the SDR, the currency basket of the IMF could be upgraded to such a prominent role in the near future. That’s why this is a central part of the Reset-thesis.

Debt restructurings will be part of it as well, because the balance sheet of central banks need to be restored. The IMF has a clean balance sheet and could be used in this process. (Read @JamesGRickards books to better understand).

During a Reset, probably a process which already started and not a one-time event, the paper gold system (LBMA/CME/COMEX) which can be seen as a second London Gold Poll might fail and collapse as well. Just like the first one in the 1970’s this one is also used to manipulate gold

Hope this explains why current events in gold and oil are so important. They both represent wealth and power within the IMS.
Many (Asian) countries have stopped investing in US Treasuries and have been accumulating physical gold, especially since the Lehman crisis in 2008.

All done to hedge their current position in the dollar-centered-system and to prepare for the coming changes (monetary reset).

The Coronac crisis could well have been the catalyst. It has been the needle that popped the everything-bubble.

That’s why the current economic collapse is so dangerous and important from a geopolitical point of view. That’s why all starts to move in a dramatic way now. Oil down, physical gold run and paper gold is disarray.

This crisis has the potential to be the last (third) of this credit cycle, which really started in 1971. First was the Tech/Nasdaq-bubble-collapse (2000-2003) and the Housing-bubble-collapse (2007-2010). Central bankers do understand and this explains their end-of-times response

Want to learn more?
Looks on YouTube for recent interviews (some in English, mainly Dutch) or download The Big Reset for free (cdfund.com)
or buy at bol.com or Amazon
amazon.com/Big-Reset-Revi…

Bless you all.

Have to eat my egg now. It’s probably cold. 😄🙏🏻

Forgot to mention;

The Big Reset is available is the following editions:

Dutch, English, German, Arabic, Mandarin/Chinese, Portugese, Polish