The financial reset is near – Asia Times

“We are in a world of irredeemable paper money – a state of affairs unprecedented in history.” – John Exter (1910-2006), economist and central banker

Central banks around the world have been on a gold-buying spree. Gold purchases this year have reached 673 metric tons, more than the total amount purchased in any full year since 1967. Until recently, much of the financial world regarded gold as a ‘barbaric relic” of the past.

Why the renewed interest in gold? The short answer is that the world is drowning in a sea of ​​debt that has passed the US$300 trillion mark. Independent macroeconomists like Luke Gromen and Brent Johnson believe global debt has reached critical levels and they predict a costly and very painful financial reset.

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