The Great Reset | The Gold Standard #2223

https://www.midasgoldgroup.com/

Massive money printing, enormous debt, runaway inflation, and record rate hikes are troubling signs of something wrong. And it’s not only happening in our country. These frightening trends are happening worldwide. With all its disturbing implications, the Great Reset is even more insidious. What is the Great Reset, and why should it concern you?

Dave Deno, the host of The Gold Standard, talks with guest Ken Russo, SVP of the Midas Gold Group, about the economic challenges ahead and the looming threat to our privacy and liberty, the cornerstones of our American way of life.

The World Economic Forum

The World Economic Forum, or WEF, is an international organization based in Cologny, Switzerland. Every year the WEF hosts an annual event in Davos, a fancy ski resort. The invitation-only event is the ultimate A-list party for the business world, bank leaders, and politicians. Most of the attendees are CEOs, billionaires, and heads of state. It’s the kind of place you’d expect to run into James Bond as he fights to save the free world.

The WEF always uses hot-button issues around social activism, environmental protection, and entrepreneurship. Digital currencies are one aspect of “The Great Reset.” it’s a thinly veiled cover for their goal of controlling the world.

The Great Reset

“The Great Reset” is a plan suggested by the WEF in 2020 as an urgent response to the COVID-19 crisis, which left so much human and economic carnage. As global anxiety builds around social and economic problems, the WEF, the world “elites,” plan to act jointly and swiftly to revamp all aspects of our societies and economies, including a significant reset of capitalism. As world economies fall apart and all paper assets will become meaningless. The WEF “elites” might use this opportunity to advance their interest and destroy the American way of life because it represents sovereignty, prosperity, and freedom.

The Problem with Central Bank Digital Currency

We all have bank accounts where computer systems keep track of how much money we have. These are digital entries on commercial bank ledgers. That is a form of digital currency. The problem with Central Banks issuing digital currency is that the liability is now with the Federal Reserve. The Fed would issue the deposits as well as have oversight over withdrawals. There would be no limit to the level of control they could exert over people if money were purely electronic and provided directly by the government.

Citizens allowing control of their finances by the government is unconstitutional and against any ideas of economic and political freedom. There are vast and disturbing implications associated with the notion of the Fed issuing digital currency.

If anything, there should be less government monopoly and regulation efforts.

Another Promise from the Fed

The official word on a Federal Reserve-generated digital currency promises that such a move would never replace paper currency. They also said inflation was temporary. Do you believe them?

Featured Precious Metal Product

Over a decade before the Gold Maple Leaf, the world’s first 24-carat gold bullion coin, the South African Chamber of Mines came up with the South African Gold Krugerrand bullion coin.

To promote global attention to African Gold, the South African Gold Krugerrand was hugely successful. Back in 1980, at the peak of the gold market, South African Krugerrands were the dominant coin.

The South African Krugerrand & the American Gold Eagle

The South African Krugerrand gold coin gets its name from the South African leader Paul Kruger. A profile of Kruger is on the obverse. On the reverse of the coin is South Africa’s national animal, the Springbok. Unfortunately, the Springbok emblem was introduced during Apartheid and still carries that association. It’s interesting to note that the world response against Apartheid and the popularity of the South African Gold Krugerrand (the US was its biggest customer) inspired President Reagan to develop what became known as the Gold Bullion Act of 1985.
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