Global Economic Reset

[Abiky]

Year after year, I keep hearing rumors that governments are planning a "Global Economic Reset" in order to cope with stubborn inflation. Central banks apparently have the situation under their control, meanwhile the cost of living continues to rise at an unprecedented rate. They are nothing more than lying. Behind the scenes, the scenario is being prepared to "reset" the economy and introduce CBDCs alongside the way. Such transition will eliminate cash, lower inflation, and restore the economy back to its "former glory". Ever since the COVID-19 pandemic took the world by storm, this has been the plan.

The question is: Why governments haven't made this a reality yet? Are they waiting for things to worsen, in order to do it? Or are they just scared of how the public will react by taking such drastic measures?

Do you think a "Global Economic Reset" is bound to happen soon? If not, why? Your input would be greatly appreciated. Thanks in advance. 🙂

[Alpha Marine]

Behind the scenes, the scenario is being prepared to "reset" the economy and introduce CBDCs along the way. Such transition will eliminate cash, lower inflation, and restore the economy back to its "former glory". Ever since the COVID-19 pandemic took the world by storm, this has been the plan.

Is cash the cause of inflation? They can still print/mine the CBDC as much as they want, same way they have been doing with fiat currencies, so inflation will still remain with the CBDC or not.
A mistake people make is to think one thing alone can restore an economy. Creating a different currency alone cannot restore an economy to "former glory".

The question is: Why governments haven't made this a reality yet? Are they waiting for things to worsen, in order to do it? Or are they just scared of how the public will react by taking such drastic measures?

Because in most countries, the CBDC is a failed project before it even starts. They don't want to create a cryptocurrency that is like cryptocurrency, and if they make it anything, it will just be like another fiat currency. They use the term "digital currency" to make it sound different. Fiat is already being used digitally, so creating the same thing with a different name is not exactly the innovation the country needs.
The inspiration for the CBDC came through Bitcoin. They needed something they owned and controlled that can rival Bitcoin, but they couldn't call it a cryptocurrency because they were solidly against crypto, so they called it digital currency. Worst part is, they couldn't come up with an upgrade to bitcoin.

Do you think a "Global Economic Reset" is bound to happen soon? If not, why?

It's not by talks, it's for the government to actually do their jobs. AN economic reset is not something that can happen in a year. It's something that will happen with the right policies and actions over time. They have to make sure the ordinary people have enough purchasing power and enough to spend on investments. The government cant focus on the corporations alone, but also on the small-scale businesses. Those businesses that can employ 5 to 10 people in their business may not look like much, but when you have so many of them in the economy, it creates a healthy economy if they make money and pay their employees well.
Just one policy or innovation doesn't change an economy, it has to be an all round improvement.

[crwth]

There's no centralized government for the whole world, but only agreements and standards that cover the entire world. I don't think it's going to be easy to get everyone to agree, plus thinking about the Global Economy. I don't think that's something that could be easily decided.

I can't imagine how a reset can be done, though; there's nothing that can do that. That will affect everything from global trade agreements to the value of the currency. That's too chaotic IMO.

Maybe check the feasibility and see how this could be done.

[fruktik]

I have no doubt that such a plan to reboot the economy exists. Yes, the time for its implementation hasn't yet arrived, but it's not far off. And what will become of the new economy? All these banking products? Hmm, a very difficult question. The population could perceive all this in the most radical way. Otherwise, wouldn't a global conflict, leading to the apocalypse, have started?

[KiaKia]

I am confused, how is spending cash affecting inflation that once CBDC takes over it will decrease inflation? Was spending of cash was why inflation keeps rising? The idea behind that reset seem impossible to me.

Sorry to say this but the only reset that can work is war breaking out and taking away millions of not billions of people away from the surface of the earth, sorry once again for sounding this harsh I don't want or pray for war.

CBDC to me is not different from fiat currency, they will mint or print more if need arises, the only difference will be the digital form of moving money around and that's all there is.

[Marvelockg]

Do you think a "Global Economic Reset" is bound to happen soon? If not, why? Your input would be greatly appreciated. Thanks in advance. 🙂

Different countries have problems that are peculiar to them and the approach with which they handle it is dependent on the kind of economic problem they are dealing with. Anything that's as vast as a quest for a global economic reset will either take a very long time before it can eventually happen or that every nation will have to face problems that are peculiar to them and ensure that they handle it real good.

If my country is facing threat of war or security, what's going to be my primary concern will be how to deal with that and I might not so much pay attention to other things like a global solution to the world's economic need. If every nation takes responsibility of The needs in Thier country and attempt to proffer solution to it, solving one nations economic need at a time will do more good than trying to solve a bigger and very complex global economic needs.

[colinistheman]

I am confused, how is spending cash affecting inflation that once CBDC takes over it will decrease inflation? Was spending of cash was why inflation keeps rising? The idea behind that reset seem impossible to me.

Sorry to say this but the only reset that can work is war breaking out and taking away millions of not billions of people away from the surface of the earth, sorry once again for sounding this harsh I don't want or pray for war.

CBDC to me is not different from fiat currency, they will mint or print more if need arises, the only difference will be the digital form of moving money around and that's all there is.

I think that's just the OP's opinion and viewpoint, as I've never seen any government make a statement that eliminating cash and CBDC would help reduce inflation or revive the economy.

On the positive side, eliminating cash would significantly reduce costs such as printing, transportation, and storage. Additionally, it can also help curb fraud and money laundering. But this measure was actually ineffective in improving the inflation situation. Because, as you said, CBDCs are no different from fiat, and they can even print more money more easily with CBDCs.
The view that CBDCs will improve inflation is inaccurate.

[Fiatless]

Year after year, I keep hearing rumors that governments are planning a "Global Economic Reset" in order to cope with stubborn inflation. Central banks apparently have the situation under their control, meanwhile the cost of living continues to rise at an unprecedented rate.

The government will always give people hope, even when they don't have solutions. to their problems. Political power is gained and sustained by lies. Central Banks would strive to control inflation but they keep failing as fiat currencies keep losing value.   

They are nothing more than lying. Behind the scenes, the scenario is being prepared to "reset" the economy and introduce CBDCs alongside the way. Such transition will eliminate cash, lower inflation, and restore the economy back to its "former glory". Ever since the COVID-19 pandemic took the world by storm, this has been the plan.

CBDCs are digital fiat. If physical fiat has failed to curb inflation, CBDCs would also have no effect.

The question is: Why governments haven't made this a reality yet? Are they waiting for things to worsen, in order to do it? Or are they just scared of how the public will react by taking such drastic measures?

Do you think a "Global Economic Reset" is bound to happen soon? If not, why? Your input would be greatly appreciated. Thanks in advance. 🙂

The economy of many nations has worsened worse and the government is helpless. A global economic reset is unattainable in an unequal world. Wealthy nations exploit developing ones to remain rich. The policies and loan conditions of the World Bank and the IMF will keep developing nations in poverty. While advanced nations will keep suffering from fewer economic problems.   

[michellee]

Probably they already started slowly without people realize. People only think that the situation change but they don't what is the change. They wait for the right momentum to start and boom, we may surprise with the moves they will do.

We already see how COVID-19 pandemic took the world changed mostly. The internet plays a role in the pandemic while people can't go anywhere but with the help of the internet, they can still do something to keep survived in hard situation.

Some conspiracy theories said that the global reset will happen every few years to improve the order they have created. We don't know for sure but that could happens. We as citizens could only follow what our government said but we should survive with what we have.

[Spaceman1000$]

Year after year, I keep hearing rumors that governments are planning a "Global Economic Reset" in order to cope with stubborn inflation. Central banks apparently have the situation under their control, meanwhile the cost of living continues to rise at an unprecedented rate. They are nothing more than lying. Behind the scenes, the scenario is being prepared to "reset" the economy and introduce CBDCs alongside the way. Such transition will eliminate cash, lower inflation, and restore the economy back to its "former glory". Ever since the COVID-19 pandemic took the world by storm, this has been the plan.

The question is: Why governments haven't made this a reality yet? Are they waiting for things to worsen, in order to do it? Or are they just scared of how the public will react by taking such drastic measures?

Do you think a "Global Economic Reset" is bound to happen soon? If not, why? Your input would be greatly appreciated. Thanks in advance. 🙂

The call for global economic reset might not be only peculiar to your own country but I think I've heard this quite a few number of times in my own country as well, some of these rhetorics from government concerning economic reforms on how to stabilize economy across the globe seems more like those in government positions or leadership pay more lips servicing than actual measures to curb economic challenges. Since covid-19 pandemic that we all saw global economic challenge, I have not seen one single reform that has been put to place to help in stabilizing the finances of citizens, rather it has been double digit inflation that has been on a steady rise.
2Pac had said this long time back, "that's just the way it is, things will never be the same".

[Findingnemo]

CBDC isn't the solution and the government won't really do things because it will affect them immediately for the ruling party so all they will be doing is the delay game that has been the case ever since. We won't see any change, the same old story of price hikes for goods and service, inflation will rise but the salary won't cope up with such rate so we will be living in misery.

[DubemIfedigbo001]

The question is: Why governments haven't made this a reality yet? Are they waiting for things to worsen, in order to do it? Or are they just scared of how the public will react by taking such drastic measures?

Have you forgotten so soon that inflation is the government tool which they use in manipulating Fiat and reducing the value of their debts in order to pay it off quickly. Inflation is instrumental to the governments and even though it's affecting the countries adversely, they're majority interested in collecting more money as tax and offsetting their debts at a decreased value.

Do you think a "Global Economic Reset" is bound to happen soon? If not, why? Your input would be greatly appreciated. Thanks in advance. 🙂

It wouldn't happen any soon, there's literally no way so governments would come to this agreement with the level of crisis in the world now, maybe individual countries can work on their currencies. I'm not seeing a global reset at all.

[Fortify]

Year after year, I keep hearing rumors that governments are planning a "Global Economic Reset" in order to cope with stubborn inflation. Central banks apparently have the situation under their control, meanwhile the cost of living continues to rise at an unprecedented rate. They are nothing more than lying. Behind the scenes, the scenario is being prepared to "reset" the economy and introduce CBDCs alongside the way. Such transition will eliminate cash, lower inflation, and restore the economy back to its "former glory". Ever since the COVID-19 pandemic took the world by storm, this has been the plan.

The question is: Why governments haven't made this a reality yet? Are they waiting for things to worsen, in order to do it? Or are they just scared of how the public will react by taking such drastic measures?

Do you think a "Global Economic Reset" is bound to happen soon? If not, why? Your input would be greatly appreciated. Thanks in advance. 🙂

Where do you keep hearing this or do you just seek out news that reaffirms your fixed view of the world? You seem to think that all governments of the world are working in tandem and while there may be pockets of that, we're seeing China take an increasingly stronger position in the economy of the world that is entirely independent of the US which has historically been the powerhouse - they have competing interests that are playing out all the time. Same for other big countries like India, and the European Union. Russia, while big in land mass and some geopolitical power, would like to think it has an economy big enough to influence major decisions but it doesn't - merely trying to play games and sell it's oil to the lowest bidder. For many countries they don't necessarily want crypto because it gives those within a way to escape the control of the government and they are very repressive while doing that.

[retreat]

The question is: Why governments haven't made this a reality yet? Are they waiting for things to worsen, in order to do it? Or are they just scared of how the public will react by taking such drastic measures?

Because CBDC is essentially just a government ploy, thinking people will be excited about it. But we understand that CBDC is just one of many failed government projects disguised as innovation, when in fact, its goal is to strengthen oversight of citizens' finances and empower the financial system they have built so far. Most people also don't see the importance of this when you find similar features in other digital payments. As a result, people don't really care and prefer to use cash or existing digital payments, making this idea seem irrelevant.

[coupable]

Behind the scenes, the scenario is being prepared to "reset" the economy and introduce CBDCs along the way. Such transition will eliminate cash, lower inflation, and restore the economy back to its "former glory". Ever since the COVID-19 pandemic took the world by storm, this has been the plan.

Is cash the cause of inflation? They can still print/mine the CBDC as much as they want, same way they have been doing with fiat currencies, so inflation will still remain with the CBDC or not.
A mistake people make is to think one thing alone can restore an economy. Creating a different currency alone cannot restore an economy to "former glory".

It's not by creating CBDCs to curb with the global monetary system crisis because we are in a globalized system in which it's impossible to go with individual solutions. Actually the US dollar is the main currency of the global trade market. By creating CBDC in every country, this won't help get rid off with the US dollar nor with the crisis it had created.

CBDC proven to be a fail initiative and global financial instituations are aware about this. They realize that creating a cryptographic form of FIAT money won't help them fight crisis, neither competing with bitcoin.

[Darker45]

I doubt if there's indeed such a grand plan, other than the phony one initiated by the World Economic Forum. To me, it sounds more as a weird imaginary plan. But if there's one, Trudeau was right. The global pandemic was indeed a great opportunity to implement a reset. But they failed. Now, if they failed to make it happen or at least achieved significant milestones when the world was at a halt, they'll probably fail when it isn't.

I guess the world has to go through a more extreme situation before such a drastic measure takes into place. Perhaps a World War III has to happen first before a reset is even probable.

[viljy]

After the Covid pandemic and the current military conflicts, there will be nothing global in the world. Because at least a few very large countries (both in terms of territory and military and economic power) will not participate in the global projects of liberalists. And global is impossible if it covers only a part of the whole. For example, in Russia, opinions are opposed to the introduction of CBDC, even among very high-ranking liberals. Also, nothing global is possible without a global currency, which now de facto no longer exists and is unlikely to exist (since the world is breaking up into economic super-regions)

[Mate2237]

To be fair with you I don't think that, there will ever be an economic reset in the world, when it comes to global economic issues all governments across the world is only giving promises which they are not backing up with actions, this is a strategy that has been used by governments all over the world year after year and governments after governments but little or nothing is changing. Making it difficult for economic reform which will translate down and affect the life of the ordinary citizens of the country.



Actions needs to be taken by all government if they hope to have an economic reset government across the world should come up with policies which will be used as a standard that will be used as a yastic for any economic decisions which will be used for implementing in each country of the world. But you have to note that this present economic situation is been enjoyed by some few people especially the politicians and the business owners.

[gunhell16]

I am confused, how is spending cash affecting inflation that once CBDC takes over it will decrease inflation? Was spending of cash was why inflation keeps rising? The idea behind that reset seem impossible to me.

Sorry to say this but the only reset that can work is war breaking out and taking away millions of not billions of people away from the surface of the earth, sorry once again for sounding this harsh I don't want or pray for war.

CBDC to me is not different from fiat currency, they will mint or print more if need arises, the only difference will be the digital form of moving money around and that's all there is.

To be honest, I’ve only recently started wondering how they could actually pull off a global economic reset. Over the past few months, I’ve seen news reports about countries planning to phase out fiat by 2027 or 2028, or at least strictly limit the amount of physical cash a family or individual can hold.

They are also proposing a Digital ID system, which many citizens are opposing. According to international news, this Digital ID would replace the need for fiat. As long as you have the ID, you can buy everything land, food, cars, and more. But without it, you'd be barred from purchasing even the essentials. This seems to be the entry point for CBDCs; at least, that’s how I understand the situation.

[Hispo]

So far, I just see the Great reset as a concept created by the government of the United States back during the pandemic in order to give some hope to the people living in the western hemisphere of the world, because inflation was getting bad and there were no plan on the table to tackle the problem.
CBDCs themself won't solve inflation, unless there is a programmed burning of money within the algorithm of those digital coins, aiming to deflation in the long term, but that is unlikely, as the economy of the USA and other western democracies rely on inflation to increase consume by people.

Also, the great reset won't be global, there are countries in this hemisphere which are now aligned with the economy of the United States the the economy of the European Union.