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The Big Reset: War on Gold and the Financial Endgame - Softcover

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9789089645999: The Big Reset: War on Gold and the Financial Endgame

Synopsis


A system reset is imminent. Probably even before 2020, the world’s financial system will need to find a different anchor. The dollar has been at the center of the monetary system since the Second World War, but decades of money printing have caused a gradual but relentless dollar devaluation. In a desperate attempt to maintain this dollar system, the United States has waged a secret war on gold since the 1960s. China and Russia have pierced through the American smokescreen around gold and the dollar and are no longer willing to continue lending to the United States. Both countries have been accumulating enormous amounts of gold, positioning themselves for the next phase of the global financial system.

There are only two options: a financial reset planned well in advance, or a hastily implemented one on the back of a dollar crisis. The United States, realizing the dollar will lose its prominent role, seems to be planning a monetary reset that will surprise many. It will be designed to keep the United States in the driving seat, but will include strong roles for the Euro and China’s Renminbi. And it is likely gold will be reintroduced as one of the pillars of this next phase of the global financial system. Insiders claim gold could be revalued up to $7,000 per troy ounce during this process.

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About the Author

Willem Middelkoop is a financial economic journalist and founder of the Commodity Discovery Fund.

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Willem Middelkoop
Published by Amsterdam University Press, 2014
ISBN 10: 9089645993 ISBN 13: 9789089645999
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Published by Amsterdam University Press, 2014
ISBN 10: 9089645993 ISBN 13: 9789089645999
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Published by Amsterdam University Press, 2014
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Middelkoop, Willem
Published by Amsterdam University Press, 2014
ISBN 10: 9089645993 ISBN 13: 9789089645999
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Condition: acceptable. This copy may contain significant wear, including bending, heavy writing, tears, and or water damage. This book is a functional copy, not necessarily a beautiful copy. Copy may have loose pages. May not include access codes or CDs. May be an Ex library book with stickers and stamps. Dustjacket may be missing. Seller Inventory # GBV.9089645993.A

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Middelkoop, Willem
Published by Amsterdam University Press, US, 2014
ISBN 10: 9089645993 ISBN 13: 9789089645999
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Paperback. Condition: Good. What is money really worth anymore? This compelling study outlines the rise of fiat money and its associated economic implications. Until 1914, almost all major currencies were backed by gold but as the costs of World War I g rew, most European countries were forced to abandon the gold standard and f iat money was born. Since the US took the dollar out of the gold standard in 1971, gold became financial enemy number one. The author provides enough circumstantial evide nce to claim a secret War on Gold, ongoing since the London Gold Pool of th e 1960s. It also explains gold s traditional role as the anchor of financia l systems. To combat the economic fallout of the credit crisis, governments have allow ed their budgetary deficit to increase dramatically. In order to address th at problem they have to sell enormous amounts of bonds. As more and more in vestors stop buying them, central banks have to step up to the plate. By tu rning on the (digital) printing presses more frequently they are in the pro cess to monetize the debts. Due to all the emergency support, government debts have risen to a dangerous level, as one country after another gets into financial difficulties. Piling more and more bad debt onto the balance sheets of central banks is not a sustainable way to revive the economy. Middelkoop highlights the process as part of our economic endgame which will eventually lead to a big reset of our worlwide financial system.". Seller Inventory # RWARE0000065689

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Published by AUP, (Amsterdam), 2014
ISBN 10: 9089645993 ISBN 13: 9789089645999
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Condition: NF. Reprint. Softcover book bound in stiff printed wrappers. 21 cm. 261 pages. The book is in near fine condition. No ownership marks/writing present within. Hinges tight, interior pages bright. Light edge wear/bumping to the covers. Seller Inventory # 3731

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