The Young Pretender
@Dioclet54046121
I actually feel sorry for today’s western policymakers, because of the impossible predicament they have been bequeathed by their predecessors. But that doesn’t mean they should continue their debt-pushing policies. The time has come for honesty, not more cover-up and deception.
I s-----t most financial services managers and their investors have no idea about their incoming religious experience. That’s because Janet Yellen etc, Wall Street and City bigwigs, and their MSM mouthpieces have worked so hard to keep them uneducated.
Barry the Fish with fingers
@blmbaz
I have two friends in FS and they have all their faith in finacialised assets, none in sovereign liquid hard assets, with religious vigor. It's going to be a genuine religious experience for them.
For example, this kind of behaviour. Trying to push unsustainable debts on to first time buyers to keep the house price Ponzi growing, at exactly the moment the monetary system is about to reset is beyond despicable. I truly pity those who have fallen for the deceit.
Is this true? The biggest fiat debtors will be rewarded the most by the reset? It doesn’t ring true to me.
Wolf of Weimar
@TheWolfofWeimar
The irony is that after a monetary reset, those with huge leverage (assuming they can sustain it until the reset happens) will be the big winners.
If there is a general debt jubilee, I can see the logic. In which case, everyone should get into as much debt as they can right now, and buy physical precious metals.
The monetary reset and gold revaluation effectively means that hyperinflation will be done and dusted over a single weekend. So all debts will get hyperinflated away almost in the blink of an eye.
There are widely varying opinions over whether the reset will rewards debtors or savers.
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SOS
@suprasuraphakd1
No, it is not true. Debts will not be " cancelled". You will pay, one way or the other.
In the Weimar hyperinflation, debts were partially carried over into the new currency, as if the hyperinflation had never happened. If the monetary reset is the equivalent of instant hyperinflation, what would be the result?
Andrew “Toshi”
@tosh82785
Serious question...how can contractual obligations be enforced if the values or terms (fiat) on which they were penned are no longer in existence?
In the Weimar hyperinflation: “A decree of 1925 reinstated some mortgages at 25% of face value in the new currency, effectively 25,000,000,000 times their value in the old paper marks, if they had been held for at least five years.” https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic#:~:text=A%20decree%20of%201925%20reinstated,paid%20after%20reparations%20were%20paid
The unsound monetary system would terminate at the point of the jubilee. Borrowing like a drunken sailor would no longer be possible subsequently.
SwiftRamy
@taysfandev
I'm not buying it. A debt jubilee would be a free-for-all. If everyone's debts are wiped clean, what's to stop people from racking up new debt with no intention of paying it back?
The uncertainties in the run-up to the monetary reset are hugely anxiety-provoking for me. I need to tell myself that #gold is my metallic anxiolytic, an insurance policy with an unlimited payout.
@RachelReevesMP ought to use some of this newfound £50B to buy bullion for the UK.
If this means the monetary reset will make poor global south countries the biggest winners, that’s a very good thing. But only as long as it permanently wipes out the debt-d--g trade (or for at least 50 years).
Wolf of Weimar
@TheWolfofWeimar
The irony is that after a monetary reset, those with huge leverage (assuming they can sustain it until the reset happens) will be the big winners.
I think the global monetary reset and gold revaluation is a new tool that has been developed to prevent a deflationary crash, while at the same time getting hyperinflation started and finished over a weekend (which is far more palatable for all concerned).
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Felix and Mouse
@Felix_and_Mouse
Mike Maloney mentioned in one of his books every currency collapse the masses were on the wrong side meaning if the majority were holding large amount of debt there was a deflationary crash. For this reason I assume we will get a deflationary crash at some point.
So many views on what the reset will actually mean. The proof of the pudding will only be in the eating imho. And it’s probably best that we stay ignorant, to avoid potential mass pre-panic. Heck, I’m panicking, and I have a solid gold insurance policy!
SOS
@suprasuraphakd1
It's possible to revalue gold and maybe bitcoin far higher, but everyone's debt remains. If you held the proper assets, you survived. That may be the best that can be achieved. It's that or total war.
Western civilisation has been moved on to the fatal quicksand of debt, just to keep voters spending funds they don’t have.
eQual_Justice17
@JackSquat6
We all could use a jubilee. Everyone has debt whether they know it or not.
Global south commodity producing countries are resource-rich. They have just been made to believe they are poor by the fiat monetary system.
GV
@gv80812
They are not poor south countries. They were mistreated in evil way by western countries. Western countries made sure that all their labors are paid dirt cheap, and their produces are dirt cheap. Now the reverse will happen.
Source(s):
https://x.com/Dioclet54046121/status/1839629115738964176
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https://x.com/Dioclet54046121/status/1839694775748067610
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