“The Big Reset” suggests a looming global financial reset, driven by unsustainable debt levels. The Western world, particularly America, has accumulated vast amounts of debt, leading to a fragile global economy. China, on the other hand, has become the world’s largest creditor. The United States’ status as the world’s leading economic power is dwindling, with China poised to take over.
The reset could involve a debt restructuring or debt jubilee, which would bring about a new global monetary system. Gold might regain its position as the anchor of this system, given its historical role as a safe haven. The reset could also see the dollar losing its global reserve currency status, which would significantly impact America’s economic and geopolitical power.
The book argues that the world has experienced three big resets in the past: the Genoa Conference after World War I, the Bretton Woods Agreement after World War II, and the introduction of floating exchange rates in the 1970s. Each reset was a response to a period of widespread debt and economic instability. The upcoming big reset, it suggests, is inevitable and could happen as soon as this decade.
The book further proposes that the new world order will be multipolar, with the United States, Europe, and China as the major powers. This shift will require cooperation and compromise, but it could result in a more balanced and sustainable global economy.
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