What is left to go before the Great Reset?
The Great Reset is the milestone economic event that is the final step in the restructuring of the monetary system that functions as real money is intended to.
This system in word and fact is the mechanism the sum of its parts truly functions as:
1.A Store House of value.
2.A Measure of value.
3.A Standard of value
4.A Medium of Exchange.
Money as generally interpreted in your modern business school and by a general public is anything of value that serves as a (1) generally accepted medium of financial exchange, (2) legal tender for repayment of debt, (3) standard of value, (4) unit of accounting measure, and (5) means to save or store purchasing power.
Read more: http://www.businessdictionary.com/definition/money.html
Before we get into the subject let’s agree to certain facts.
Common types of currency issued by official order are valued based on the issuing authority’s guarantee to pay the stated (face) amount on demand, and not on any intrinsic worth or extrinsic backing. All national currencies in circulation, issued and managed by the respective central banks, are fiat currencies.
Read more: http://www.businessdictionary.com/definition/fiat-currency.html
There simple is not enough fiat currency on circulation to pay off all national and business debts even if we exclude government guarantees.
Most what is called money is an accounting entry now in cyberspace.
Computer currencies are a bridge over mental gap between the common belief in money and the requirements of what money truly does.
All of this is based on confidence in a system whose foundation of convincing on a continuing basis a public that the fiat currency can pretend and extend an illusion of real money whose definition is other than that universally held now and whose foundation is set in the cement of a pure illusion without backing in kind, uninsured and failing badly in many respects.
Please keep in mind that President Elect Trump is a proven master at the use of bankruptcy in business to set a foundation upon which a going concern can replace the previous failed entity or system of operation of the entity.
Not only is the monetary system insolvent if called upon to perform in even a modesty percentage. The entire system would fail miserably. However, there is no lack of resources and productivity if incentivized to make the global system again functional and durable by making real, not pretend money the basis.
What is Mr. Trump’s real business background?
He is a builder of brick and mortar.
He is a negotiator.
He is a master of using the economic tool of bankruptcy to restructure and retreat and from the conditions of financial bankruptcy.
Today’s world is without any doubt a rolling bankruptcy whose foundation is pretend and extend. Inherently pretend and extend has shown no permanency anytime, anywhere. The “Great Flush” which must proceed the “Great Reset” has been, most disturbingly,
Therefore, the United States, one of the most powerful countries in the global system, is insolvent, that is true just on the factors of OTC derivatives and unfunded obligations. You need not be a genius to understand this.
- James Sinclair, Read More Here