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Explain the GCR to Friends & Family (Part 1)
On October 5, 2023 By Awake-In-3D
In RV/GCR
The Global Currency Reset (GCR): Backing Currencies with Assets
The current fiat debt-based currency system has demonstrated its inherent flaws and vulnerabilities, paving the way for the urgent need of a global currency reset (the GCR). The evidence of its failure is apparent in several key indicators that highlight the unsustainable nature of the current system.
Why Our Current Fiat Currency System is Failing
1. Unsustainable Debt Levels
One of the clearest signs of the system’s failure is the exponential rise in global debt levels. As previously mentioned, the United States alone has accumulated a staggering $33.442 trillion in debt, reaching unprecedented levels. This debt burden weighs heavily on economies, hindering growth and imposing long-term liabilities on future generations.
2. Inflationary Pressures
The continuous expansion of fiat currencies has led to significant inflationary pressures. Central banks’ attempts to stimulate economic growth through monetary easing have resulted in the devaluation of currencies and a decrease in purchasing power. The erosion of citizens’ wealth and the rising costs of essential goods and services are direct consequences of this inflationary spiral.
3. Market Volatility and Losses
Market volatility has reached alarming levels, exposing the fragility of the current system. Recent losses in “safe” long bonds, reminiscent of the dotcom bust, highlight the inherent risks associated with relying on debt-based assets. These losses erode investor confidence and magnify the potential for systemic collapse.
4. Central Bank Intervention
Despite the efforts of central banks to manipulate interest rates and inject liquidity into the market, their actions have proven ineffective in averting crises. The inability to curb market volatility and stabilize economies demonstrates the limitations of these interventions, further emphasizing the need for a fundamental shift in the system.
The GCR Solves the Failure of Fiat Currencies
In light of these clear indicators, backing currencies with tangible assets becomes a crucial component of a global currency reset. By anchoring currencies to assets like gold and other valuable commodities, we can introduce stability into the system and mitigate the risks associated with uncontrolled monetary expansion.
Historically, gold has served as a reliable store of value and a hedge against inflation. Its limited supply ensures that it cannot be easily manipulated or devalued by governments or central banks. By reintroducing gold as a backing for currencies (the GCR), we restore confidence in the system and provide a tangible anchor for economic stability.
Furthermore, the inclusion of other valuable assets in the backing of currencies can diversify risk and enhance the overall robustness of the system. Precious metals, strategic resources, and even renewable energy assets can contribute to a broader range of assets supporting currencies, reducing the vulnerability to fluctuations in any one commodity.
In conclusion, the failure of the current fiat debt-based currency system is evident in the unsustainable debt levels, inflationary pressures, market volatility, and central bank interventions. A global currency reset that includes backing currencies with tangible assets like gold and other valuable commodities offers a viable solution to restore stability and mitigate the risks associated with uncontrolled monetary expansion. By embracing this transformative approach, we set the stage for a more sustainable and resilient financial future.
Coming soon in Part 2: The Currency Revaluation (RV) and Achieving Purchasing Power Parity
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