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The international monetary system will COLLAPSE, warns James Rickards – it's not a matter of IF but WHEN

By ethanh // 2023-07-31

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." (Related: In case you missed it, Episode 1: Financial Collapse of "Breaking Point," a new Brighteon documentary series, is now available for viewing.)

World War III will usher in the new world order

The principal weapon in this latest war is none other than the U.S. dollar itself. While the U.S. tries to keep itself propped up as the global overlord, the rest of the world is realizing that it will forever be under the thumb of the U.S. as long as it is dependent on dollars. With this realization comes increased demand for a new dependency that has nothing to do with the dollar. We are seeing the BRICS nations pushed for a gold-backed currency while the West is pushing centralized CBDCs controlled by the private central banking cartel. Then there are the many independent cryptocurrencies such as Bitcoin that are vying for position as tradeable currencies outside the grip of the globalists who control the private central banks. What will win out in the end? The current sanctions the U.S. is imposing on Russia are easily extended to other nations. This means that the only way for other countries to escape possibly landing in the crosshairs of U.S. sanctions is to ditch the dollar, which is what BRICS nations are currently trying to do. "Currency wars are one of the most important dynamics in the global financial system today," Rickards warns. Over the past 100 years, there have been three currency wars: the first during World War I, the second during World War II, and now the third during what is rapidly shaping up to be World War III. Rickards unpacks this all on his website, but suffice it to say that things are about to get really ugly, really quickly. "The historical precedents are sobering enough, but the dangers today are even greater, exponentially increased by the scale and complexity of financial linkages throughout the world," Rickards says. "Here we are in 2023 and they're still continuing. And with the looming gold-backed BRICS currency, they're about to heat up." There is a pretty good chance that things will really start to decay financially speaking before the next presidential election. Learn more at Collapse.news. Sources for this article include: DailyReckoning.com Newstarget.com

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