A Deadly Serious Attempt to Reset the Monetary Order
A Deadly Serious Attempt to Reset the Monetary Order
The US dollar's role as a global reserve currency is being questioned due to its perceived flaws, including limited supply and excessive government spending.
The US dollar's role as a global reserve currency is being questioned due to its perceived flaws, including limited supply and excessive government spending.
Trump's administration is working on a plan to reset the system using higher tariffs, sanctions, and income or wealth taxes.
Trump's administration is working on a plan to reset the system using higher tariffs, sanctions, and income or wealth taxes.
Higher tariffs would reduce demand for the dollar, while sanctions would further discourage its use.
Higher tariffs would reduce demand for the dollar, while sanctions would further discourage its use.
Income or wealth taxes would target wealthy individuals and companies that have benefited from the current system.
Income or wealth taxes would target wealthy individuals and companies that have benefited from the current system.
The concept of a "reset" of the global monetary system is not new, with empires throughout history using methods such as confiscating enemy or vassal assets.
The concept of a "reset" of the global monetary system is not new, with empires throughout history using methods such as confiscating enemy or vassal assets.
The Roman Empire and British Empire have used similar methods to reset the system.
The Roman Empire and British Empire have used similar methods to reset the system.
The US dollar was pegged to gold at $35 per ounce in the 1940s, but the gold standard was abandoned in the 1970s.
The US dollar was pegged to gold at $35 per ounce in the 1940s, but the gold standard was abandoned in the 1970s.
Gold has been a good means of payment and store of value, but its limitations as a reserve currency standard have been well-documented.
Gold has been a good means of payment and store of value, but its limitations as a reserve currency standard have been well-documented.
Central banks are shifting out of dollars, adding 1,000 tonnes of gold to their reserves in the past three years.
Central banks are shifting out of dollars, adding 1,000 tonnes of gold to their reserves in the past three years.
The rise in gold prices suggests a fundamental de-dollarization, pushing the system back towards a gold standard.
The rise in gold prices suggests a fundamental de-dollarization, pushing the system back towards a gold standard.