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The Great reset is actually a misnomer, it is a cover for what is actually going on. We are not going to have a great reset but we are going to have – in fact we are already actually having – a Great Default. The economic system is collapsing due to the black hole of unrepayable debt. How is this debt going to be repaid? Simple by defaulting. 1. A default can be a straight refusal to pay down the global debt, and 2. or conversely, and I think that this is going to happen an attempt to stoke up inflation by printing trillions of currency to devalue the currency and doing so reduce the debt level, but of course this is simply default by the back door. What has happened in Argentina and Greece is now going to be carried out in the rest of the world.

So central banks around the world are trying to stimulate inflation to erode away debt. Trouble is though banks and households are holding on to what cash and are hoarding their monies. All of which means that the circulation of money is been stopped and debt in its tracks. Growth and inflation means that money has to circulate fast, but people and banks are hoarding money so it is not moving at all. The velocity of monetary circulation is stone dead, no growth, no inflation, only deflation.

Great Reset indeed!

The Great reset is actually a misnomer, it is a cover for what is actually going on. We are not going to have a great reset but we are going to have – in fact we are already actually having – a Great Default. The economic system is collapsing due to the black hole of unrepayable debt. How is this debt going to be repaid? Simple by defaulting. 1. A default can be a straight refusal to pay down the global debt, and 2. or conversely, and I think that this is going to happen an attempt to stoke up inflation by printing trillions of currency to devalue the currency and doing so reduce the debt level, but of course this is simply default by the back door. What has happened in Argentina and Greece is now going to be carried out in the rest of the world. So central banks around the world are trying to stimulate inflation to erode away debt. Trouble is though banks and households are holding on to what cash and are hoarding their monies. All of which means that the circulation of money is been stopped and debt in its tracks. Growth and inflation means that money has to circulate fast, but people and banks are hoarding money so it is not moving at all. The velocity of monetary circulation is stone dead, no growth, no inflation, only deflation. Great Reset indeed!

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