Watch the full interview for free at ……(read more)

BREAKING: Recession News

LEARN MORE ABOUT: Bank Failures

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

Title: Global Recession Begins: The Great Reset & Rise of A New World Order – Jim Rickards

Introduction:

Renowned economist Jim Rickards has been warning about the fragile state of the global economy for years. As we step into a new decade, his predictions seem ominously accurate amidst the global recession that has begun. Rickards vehemently argues that this crisis will mark the advent of a new world order, aptly called the “Great Reset,” which will redefine global dynamics. In this article, we delve into the key aspects of Rickards’ analysis and explore the implications of this inevitable shift.

A Perfect Storm:

Rickards identifies several major risks that have converged, creating a “perfect storm” scenario. Escalating debt burdens, diminishing returns from fiscal stimulus, economic imbalances, and geopolitical tensions have all played a role in destabilizing the global economy. The COVID-19 pandemic has only exacerbated these issues, exposing the fragility of existing systems and necessitating radical change.

The Great Reset:

According to Rickards, the Great Reset is an unavoidable response to the breakdown of current economic and geopolitical structures. He argues that governments and central banks around the world will be compelled to orchestrate significant policy changes and implement unconventional measures to recover from the impending recession. This reset will fundamentally reshape the global financial landscape and rearrange power dynamics across nations.

Key Features of the Great Reset:

1. De-Dollarization: As the dominant global reserve currency, the US dollar has granted significant advantages to the American economy. However, Rickards predicts that a move towards de-dollarization will occur as tensions rise between the US and its major trading partners, leading to a more balanced multicurrency system.

2. SDRs and Digital Currencies: Rickards believes that Special Drawing Rights (SDRs) issued by the International Monetary Fund (IMF) will gain prominence as a global reserve asset. Furthermore, he foresees an increasing prevalence of digital currencies as central banks seek to regain control over monetary policy and diminish the role of commercial banks.

3. Geopolitical Restructuring: The Great Reset will redefine geopolitical alliances and power dynamics. Rickards points out that the US-China rivalry will intensify, leading to global fragmentation with the formation of regional blocs. China’s rise as a formidable economic and military powerhouse will reshape the balance of power on the international stage.

Implications and Risks:

While the Great Reset may bring about necessary systemic changes, there are still risks and uncertainties associated with this paradigm shift. Governments could impose stricter capital controls, leading to limited personal financial freedom. Furthermore, the transition to digital currencies raises privacy concerns and the possibility of increased surveillance by authorities. Lastly, geopolitical unrest arising from shifting alliances and power struggles could exacerbate existing global tensions.

Conclusion:

Jim Rickards’ analysis of the impending global recession and the consequential Great Reset provides valuable insights into the future of the world economy. As nations grapple with the challenges posed by mounting debt, economic imbalances, and geopolitical rifts, a new world order is on the horizon. The implications of this transformation are vast, and only time will tell how this paradigm shift will shape our future.