Without China, Russia is gone, financially," he said. Don't forget, China is gaining a lot more power without firing a shot because they control Russia now.
China is looking and studying what happens to Russia and don't want to make the same mistake. "Most of say that China will move within five to ten years. This economic battle has the potential to escalate to a hot war between the East and the West, and the trigger may be conflict over Taiwan, he added.ġ5-20% inflation can happen next This asset can protect you from the 'inflation monster' - Randy SmallwoodĬhina currently considers Taiwan a rogue province and has stated that re-unification with the island is a top national priority. Middelkoop said that the world has already split into two major economic blocs, the West and the East, which are currently engaged in a global economic war. We could also expect gold to be brought back into the system to stabilize inflation," he said That could be an easy transition to a new phase for the international monetary system. We have the central bank digital currencies rolled out, you could make a basket of all these central backed digital currencies, have them managed by the IMF, and use them to price commodities, use them to price oil. We know the IMF is working on that, they have the SDR, which is a currency basket. "The thesis of the book is that one day we'll need to find a new anchor for the world monetary system, so the dollar needs to be replaced. dollar is no longer the dominant reserve currency. Speaking to Michelle Makori, Editor-In-Chief and Lead Anchor of Kitco News at the Prospectors & Developers Association Convention of Canada in Toronto, Middelkoop outlined that the global reset would likely result in a revamp of the current monetary system, in which the U.S. Treasuries anymore, they're adding a lot of gold because it's the anti-dollar." "This is a war, it's a financial, economic war, and according to me, it's World War Three," he said, noting that China has already demonstrated economic hostility by "not investing in U.S.
(Kitco News) - The world is already engaged in a financial "World War", and the transition towards a global reset is currently underway, according to Willem Middelkoop, founder of the Commodity Discovery Fund and author of "The Big Reset".
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