The international monetary system will COLLAPSE, warns James Rickards – it’s not a matter of IF but WHEN
07/31/2023 // Ethan Huff
Financial expert James G. Rickards is sounding the alarm about the impending collapse of the international monetary system.
A lawyer and investment banker with 50 years of experience in monetary economics, Rickards says “we’re at war,” this being the title of a new piece he wrote about the falling house of cards known as global finance.
The existing world order, which is based on fiat currencies like the United States dollar and the European euro, is on its last legs. Very soon, Rickards warns, all this backed-by-nothing paper money will go bye-bye, and replacing it will be an entirely new paradigm – but not without a total collapse in between.
You see, in order to make way for the new world order, the old world order has to be demolished. Much like what happened with the twin towers, the rubble that remains after the collapse will birth a new system, like a phoenix rising out of the ashes.
In his article, Rickards explains how monetary systems change every 30-40 years, with the previous iteration being based on a classical gold standard. For the past half-century, money has been backed by nothing. And what comes next, well, the world will have to wait and see.
“Today, the existing monetary system is over 50 years old, so the world is long overdue for a new monetary system,” Rickards says.
“The unprecedented sanctions that the U.S. and its allies imposed on Russia following its invasion of Ukraine have only accelerated the move toward a new monetary system.”
Source: Natural News
