Global Economic Reset

[icebar]

It is difficult to reform a system quickly that has been in place for a long time. To take the steps that the central bank wants to take, they will have to keep an eye on various things. To change the financial situation through digital currency, many things will have to change. Everything will have to be strengthened by taking into account the rules and regulations of that country, the banking system, the payment network and international trade, which is a very complicated task. And if digital currency is introduced without solving all these problems, it will not work.

There are some advantages and disadvantages of using cash, which is why the right solution must be found for the difficulties. Although it is easy to use in developed countries, it will be a big problem for underdeveloped countries because if everyone there cannot use that money properly, a chaotic situation will be created among them. Maybe the government and central bank authorities are lagging behind it due to the fear of creating various problems.

[Oluwa-btc]

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. 🙂

So you're saying the introduction of CBDCs will eliminate inflation and cash flow and I want to ask is this new policy the way out of the economic downturn? There are more pressing issues on ground and at such the system is being affected by it but I don't think this can reduce or help to reset the global economy and if such reset is meant to happen I believe it'll take awhile.

[abhiseshakana]

Learn from history, global economic reset narative is a long process and usually we knew it after it is happen, i think the system owner run it gradullay to avoid panic. I see every structural crisis always bring restructurization of global monetary order, power and its rule. Regarding inflation, i see it in two ways, officially they (government & central bank) claimed it is temporary and simply said interest rate can be fix it. But I see inflation very complex and it is cronic complication caused by global supply chain chaos, geopolitical conflict of onterest, heavy burden of debt and many factors. As a matter of fact inflation is only benefiting big debtor and citizen  must pay this through purchasing power decrease.

I see CDBC as a tools to ptotect economic sovereignity from decentralize crypto, privat stable coin or fiat domination and the most important thing CBDC is tools of control for tracking transaction. CBDC not automatically erasing cash because there are many old generation will refused drastically monetary change practice. For governement citizen trust on monetary system is the most important thing and governemt always affraid about  masive bank run when every body pull out their saving from bank and hold cash, trust me government even country can be collapsed in a blik of an eye.

From my point of view reset will not happen immediately because now the world is in multipolar mode where every country has its own agenda and no collective deal. Kindly be note, talking about reset we should understand that there will be debt rewriten, change of aset owner and redistribution of wealth, so think elite global still not decide how to share lost if reset happens especially high risk possibility of revolution.  Beside that, USD is still powerfull to delay crisis which mean reset also delayed.

Trust me, many parties actually awaiting this reset so they have justification for extreme policy movement especially which get public attention and opposition without any protest sound. In politics realism, every crisis will appeared opportunistic action and reaction. Personally, no suddent extreme economic reset will happen only compromise between cash, CBDC, crypto and real aset.

[yixichloro2xx]

This global reset of a thing is More of a long process, it can't just happen once. Currently the Government has a lot calamity that they are going through like debt, weak currencies, aging systems and lack of confidence from the citizens. So implementing it too fast can cause the market to crash and cause unrest , so it needs to be done slowly. Well the CBDCs can't instantly solve inflation problems, their jobs is to give governments oversight of money flow and to modernize payment systems. Inflation  is very complex to solve. So if they want to do it , it must be done slowly.

[Johnlomape]

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. 🙂

I don't know anything about global economy reset and anything the government is going to do to help strengthen the economy should be done so that people don't have to go broke everytime because of high cost of living. The price of food is getting high but salary is fixed and anytime people argue for the government to increase minimum wage, nothing will be done about that while the politicians are getting fatt going for different vacations, enjoying their stay in the government policies with enough immunity to cover them while their families become richer everyday.

[suhadi88]

That seems to be the direction. Perhaps they've become overwhelmed by printing too much money, and it's become uncontrollable. The primary goal is to strengthen USDT, and the rest will gradually shift in that direction. What we don't know is that after the new terms you mentioned above, like "Global Economic Reset," there might be a new term born after that, like "Human Population Reset." I don't know if that's even possible or not. But it's also crossed my mind right now.

[bitLeap]

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.

Resetting the global economy sounds incredibly scary, and I'm curious about how a global reset would work. Perhaps it wouldn't be a reset, but rather a forced migration to a new financial system. Fortunately we have an alternative Bitcoin, as an option amidst the increasingly uncertain global economy. How can the global economy be reset without the cost of living being reset to zero?
But what can't US do? After all they can do anything violate the UN Charter, overturn regulations and establish double standard . So maybe they can reset the global economy. lol

[iv4n]

Do you think a "Global Economic Reset" is bound to happen soon?

Well, I am just thinking here... A true "Global Economic Reset" would require many countries, governments, central & other banks, and institutions to agree and act at the same time. Is that even possible? Look at the mess & chaos around... they can't even agree on basic things!

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?

Short answer would be it's not one reason, there are many "hard truths" here... First, who will admit the complete failure of this system? The system they have been running for decades... And debt? What about all present debt... who will decide who loses and who pays? And can we even imagine how the public will react?

You know, resets usually happen after some big shit... hard truth. And it's usually happening country by country... It's hard to imagine one coordinated global reset, and what kind of reset would that be? Good or bad? Can you imagine corporations dictating the next global reset? It's like some science fiction movie...

[cxtreenal]

The whole world does not run on a single financial system. Most countries have a capitalist system. In this system, the central government provides all out support to the rich to get richer. There are not many benefits for the poor. Countries that have a lot of natural resources are financially prosperous. Having a lot of mineral resources can take a country's economy to a sustainable state. In some countries, they try to use the population to improve financially.

The measures that governments try to implement separately to restructure the economy in the world cannot be implemented properly in most countries. Corruption and lack of resources are the biggest obstacles to financial development. The only difference between CBDC and traditional financial systems is the transformation to a cashless system. CBDC will not have any positive impact on preventing inflation.

Countries formulate separate monetary policies for economic restructuring. The government coordinates the financial system through the central bank. Easy loan facilities are most important for poor countries because those countries cannot reach a financially advantageous level without foreign exchange. I think the facility of borrowing from the IMF on easy terms can help poor countries become financially prosperous.

[Fivestar4everMVP]

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. 🙂

Call me a pessimist but one thing I am very certain about is that the world isn't and won't get any better, cost of living may continue to rise even if the government carried out what ever planned economic reset or what ever they call it.

We as individuals can only device ways to save ourselves and one of such will be to improvement one self, self improvement by learning new skills, creating multiple sources of incomes, abandoning old and traditional way of doing things that are gradually becoming irrelevant and embracing newer technologies and ways of solving problems, carrying out task and so on..
This and many more are the way we can improvement ourselves and prepare for the coming future, and very important is we should also invest, invest in bitcoin, invest in lands, all this are assets that will become more and more expensive as cost of living become more expensive.

[aylabadia05]

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. 🙂

I would like to refer to the World Economic Forum, which is held once a year, often in January. This is where policies are created to be implemented afterwards. This means that if there are shortcomings in their implementation, they will be discussed at the next annual meeting, possibly including the issue of rampant inflation.

This is different from the World Education Forum, which takes place every 15 years. I think this is more important. It's like short-term goals with long-term goals.
What I want to say is that if the world wants to reset the global economy, then they must pay attention to the two goals I mentioned. If that happens, what will be discussed and what will be done.

[trendcoin]

I don't see the Great Reset as a system designed by governments; I see it as a natural reaction from people who want to break free from the current economic system...

We need sociological events that have a major impact to see some transformations. Yes, when we look at the statistics, we all see that things are not going well and that major problems will arise very soon, but we need certain sociological events to trigger social transformations.

Smart money has rushed into precious metals over the last few years. Individuals are smart, but societies are herds. We need sociological ruptures to occur for herds to become aware.

I don't know what will trigger this, but we need a development that will create social awareness and social response and create an avalanche effect for something like this to happen. Covid was the thing that came closest to this, but even that failed to achieve it...

[Jatiluhung]

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. 🙂

If there really is a grand plan like you say, then I don't think governments around the world are ready for it. moreover, we know that CBDC is still in the development and research stage in several countries. Only a few countries have tested it directly on their communities, while most are still in the development stage. This means that they are not ready at all.

And in my personal opinion, a global economic reset will not happen anytime soon. And personally, I have not seen any more convincing supporting data so far. We may have seen signs of a major restructuring, which we can see from the growth of trade tensions, the surge in debt, expensive energy transactions, and again, I think global economic growth has been very slow lately. But I believe we are still doing well and even the recession that was predicted to hit last year did not happen, based on what I feel.

[SUPERSAIAN]

They kept talking about a global reset during the pandemic, but I haven't heard it mentioned much lately. Seeing the state of the world and how badly economies are deteriorating, I feel like a global reset is inevitable, and we're heading in that direction. I have no idea what the new world order will be like, whether it will be in people's favor. I don't think the world will be a very good place after the reset.

[Abiky]

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'm just saying that it makes sense to "reset" the economy by phasing out cash in favor of government-backed digital currencies (or CBDCs). Inflation can remain the same as it was when cash was around. But governments might decide to cancel (default) the national debt, before bringing CBDCs into circulation. Essentially, the economy will be "reset" but that won't stop central banks from printing more money whenever they want to. With a digital currency, it's much easier to change/manipulate supply "on the fly".

From time to time, we've seen how governments take advantage of a decaying economy to change everything in their favor. It's a cycle where governments "reset" the economy once things start heading south, followed by a brief period of prosperity. Resets are rather a short-term fix than a permanent one. We can never tell what governments are planning "behind the scenes", so better be prepared for the worst just in case.

[davis196]

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. 🙂

This seems more like a conspiracy theory rather than something serious.
The USA had stopped the project around the "digital dollar" and Trump started legalizing stablecoins. The European Union had delayed the launch of the "digital euro" somewhere around 2029. Only China has a "digital yuan" CBDC going on. I don't believe that a CBDC could change something in the current fiat financial system. The governments want more debt and money printing. CBDCs most likely won't stop the massive amounts of debt growth and money printing. This means that CBDCs cannot stop inflation. The only way to stop inflation is by imposing no money printing and no budget deficits.

[Dave1]

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. 🙂

This seems more like a conspiracy theory rather than something serious.
The USA had stopped the project around the "digital dollar" and Trump started legalizing stablecoins. The European Union had delayed the launch of the "digital euro" somewhere around 2029. Only China has a "digital yuan" CBDC going on. I don't believe that a CBDC could change something in the current fiat financial system. The governments want more debt and money printing. CBDCs most likely won't stop the massive amounts of debt growth and money printing. This means that CBDCs cannot stop inflation. The only way to stop inflation is by imposing no money printing and no budget deficits.

And it begs the question, how many countries that we have right now are using CBDC's? And if it's effective then by now we could have seen a lot of countries going this route. But there's none and so fiat will still be the key, they are going print more money as long as they want.

So there will be no reset, instead economies will go down once again, inflation goes up and we will have a lot of problems. And it we think about it, global reset means that everything is going back to 0 and might fix economic problems which the IMF doesn't want to happen.

[Ocham]

They kept talking about a global reset during the pandemic, but I haven't heard it mentioned much lately. Seeing the state of the world and how badly economies are deteriorating, I feel like a global reset is inevitable, and we're heading in that direction. I have no idea what the new world order will be like, whether it will be in people's favor. I don't think the world will be a very good place after the reset.

The world can change if we all fulfill our responsibilities from a humanitarian perspective. Not all countries in the world are economically strong, but the poor condition of today’s society and nations is largely due to people like us not taking enough responsibility.
One of the biggest issues is unemployment, which is high in almost every country. As a result, many problems arise within society. The reality is that governments cannot provide jobs for every unemployed person. That is why I suggest that unemployed people, whether starting small or big, should take the initiative to start businesses. I truly believe that this can bring positive change to a country. You may ask—where will people from middle-class or poor families find the money to start a business?  This is where the role of the government comes in. Governments in most countries provide bank loans for entrepreneurs, offering support and opportunities.

So let us, unemployed brothers and friends, overcome laziness, start businesses, and give our country a new shape. 🥰

[tygeade]

I'm just saying that it makes sense to "reset" the economy by phasing out cash in favor of government-backed digital currencies (or CBDCs). Inflation can remain the same as it was when cash was around. But governments might decide to cancel (default) the national debt, before bringing CBDCs into circulation. Essentially, the economy will be "reset" but that won't stop central banks from printing more money whenever they want to. With a digital currency, it's much easier to change/manipulate supply "on the fly".

From time to time, we've seen how governments take advantage of a decaying economy to change everything in their favor. It's a cycle where governments "reset" the economy once things start heading south, followed by a brief period of prosperity. Resets are rather a short-term fix than a permanent one. We can never tell what governments are planning "behind the scenes", so better be prepared for the worst just in case.

That is not how financially it works. Your debt is not to some unknown figure, you do have debt and people are waiting for you to pay that debt. For example, USA owes a lot of money to China right, not as a government but in general, so that is a debt right?

Well if they just cancel it, then why would China ever end up sending anything again? Why do you think nations who are incredibly poor and starving do not end up just reject paying their debt? Because they know it will not work for them and they will be ruined.

[slapper]

Because a "reset" would destroy more than it fixes and they know this.

Think about what you're really suggesting. Every debt gets re-calculated? Every pension? Every mortgage? Who gets to win and lose in that scenario is up to whoever is writing the rules. That's not economic policy, that's just picking winners. And the people making those rules aren't going to pick you.

CBDCs won't bring down inflation anyway. Inflation isn't happening as a result of the existence of cash. It's happening because we printed massive amounts during Covid, supply chains broke and the price of energy got expensive and housing is being used as an investment vehicle rather than shelter. Digital currency doesn't solve any of that.

What they're really doing is they're hoping that time fixes it. Let wages catch up slow down, let some businesses fail, let housing cool down maybe. It's not exciting. There's no dramatic moment. Just years of things sucking just a little less, then.

The "reset" narrative is a convenient one though. Gives people something to point at instead of dealing with boring reality that we made some policy mistakes and now we're stuck dealing with the consequences for a decade. No grand plan. Just damage control and hoping that voters don't get too angry before the next election.