“This crisis is not like anything we have seen since President Nixon took the U.S. dollar off gold in 1971 – the end of the era of commodity-based money,” says former Federal Reserve and U.S. Treasury Department official-turned-Credit Suisse investment strategist Zoltan Pozsar.
“When this crisis (and war) is over, the U.S. dollar should be much weaker and, on the flip side, the renminbi much stronger, backed by a basket of commodities.”
Once the war in Ukraine ends, Pozsar maintains, money as we currently know it will be gone. In its place will be something backed by something else that actually holds value.
Will the 2nd Amendment Be Destroyed By the Biden Admin?
“From the Bretton Woods era backed by gold bullion, to Bretton Woods II backed by inside money (Treasuries with un-hedgeable confiscation risks), to Bretton Woods III backed by outside money (gold bullion and other commodities),” Pozsar explains about the progression.
Bitcoin stands a chance at coming out on top, he says, but first it has to survive. The current monetary system built on fiat must also give way to it, which has already begun as of February 24 when the G7 countries seized Russia’s foreign exchange reserves following the Ukraine invasion.
“We are seeing a regime shift unfold in funding markets currently (which, as always, will pass), and a sea change in inflation dynamics and FX reserve management practices,” Pozsar wrote in a report published earlier this month.
Is the war in Ukraine engineered to usher in a new socioeconomic paradigm for the world?
Pozsar said the U.S. sanctions against Russia, which is the world’s single-largest commodity producer and the country that “sells virtually everything,” really pushed things over the edge.
“Non-Russian commodities are more expensive due to the sanctions-driven supply shock that basically took Russian commodities offline,” he said. “If you are a (leveraged) commodities trader, you need to borrow more from banks to buy commodities to move and sell them. Anyone in the commodities world is experiencing a perfect storm as correlations suddenly shot to 1, which is never a good thing.”
What the U.S. has done to Russia, in other words, is coming back like a boomerang to take out our own financial system and the economic stability that it once provided.
The chaos currently being seen in the markets is a death knell for the current world order, which is crumbling like never before. Rising from its ashes will be a new system, or what Joe Biden recently announced as a new world order.
“If you believe that the West can craft sanctions that maximize pain for Russia while minimizing financial stability risks and price stability risks in the West, you could also believe in unicorns,” Pozsar warned.
Pope Francis also called for a new world order, which in his mind will be occupied only by the “fully vaccinated” who obeyed throughout the Wuhan coronavirus (COVID-19) plandemic.
In many ways, the plandemic was part one of the engineered global economic collapse. The war in Ukraine is part two, and things are about to get really ugly as this forced transition into the new world order advances to the next phase.
“What Zoltan means, of course, is that when this phony war in Ukraine has concluded, the new multi-polar world monetary order will be in place and that’s exactly how long it will last,” wrote a commenter at Kitco.
“This is how you know it’s all smoke and mirrors. It wasn’t about national sovereignty, Russian reunification or an invasion. It’s about establishing the new socioeconomic paradigm.”
More related news can be found at Collapse.news.
- Leading baby food brands contain arsenic and lead levels that damage the brain, causing autism in young children
- DEPOPULATION: Thanks in part to COVID jabs, most US counties lost population in 2021
- Joe Biden warns of looming food shortages coming to America as occupying regime commits economic suicide
- The DOLLAR will DIE… and the Ruble will DOMINATE as “commodities-based” currencies make paper fiat obsolete
- GMO HAMBURGERS? FDA approves genetically engineered cows for beef production
- Ukraine is playing a vital role in the globalists’ Great Reset agenda
Your Daily Briefing:
Fight Online Censorship!
Get the news Google and Facebook don't want you to see: Sign up for DC Dirty Laundry's daily briefing and do your own thinking!