This is a very interesting article sent to me by John
It
dovetails perfectly with the Shemitah vid by Jonathan Kahn sent in by
Jim.. This may indicate the time between Sept this year till Oct next
year.
This also fits what I feel the Lord showed me about a soon coming economic tribulation. 2014-2015
Below is just part of the reset link
I do not agree with the Kings of the East comment
But I do agree we are ready for a big economic change
The soon-coming global reset
A
similar situation exists today. Babylon has made America wealthy,
largely due to the world trade tax that is imposed upon every nation
that does international trade. Because the US dollar is used for making
payments in world trade, the wire transfers have to be made in US
dollars through the SWIFT system of money transfers. All such payments
go through the Federal Reserve Bank, which takes a percentage of the
transaction as a fee. This is, in effect, a tax on all world trade. The
BRICS nations are setting up a new system of payments through their own
bank which bypasses the SWIFT system and the Federal Reserve. Payments
are being done in each country’s own currency for the present, but soon
will create its own world reserve currency made up of a basket of
currencies. In other words, world trade going through the BRICS bank
will be settled in about four specific currencies, rather than the
single US dollar. Jim Rickards concedes that because of this the US
dollar is doomed. Jeff: And when you think about it, it’s almost as if
there’s no way out of this….Jim: You’re right. And it is just more fuel
for the fire as global players look to distance themselves from using
the dollar as the world’s reserve currency. And while America is loath
to lose its position as the world’s reserve currency, our astronomical
money printing to cover our debt makes it impossible to sustain.
Basically, we’ve overstepped our monetary bounds for good, and there is
no turning back…I’ve had private conversations with former Federal
Reserve board members, and other central bankers around the globe, on
what’s going on behind the scenes—what’s not getting reported in the
mainstream media—and frankly, everything I’m hearing is that this global
reset is about to hit. In fact, we already know what it looks like, and
when you can expect it to happen. So when can we expect this global
reset to happen? Rickards does not give a date, but he says essentially
that it will happen when China feels it has accumulated enough gold to
secure its yuan (currency) as part of the “basket of currencies” that
will replace the US dollar. He says,“And while countries publicly claim
that they no longer tie their currency to the value of gold, what they
are doing privately is a different story. And China is the biggest actor
in covert gold acquisition…. And since it knows the ‘dollar’ system is
coming to an end, it has to increase its gold holdings before it can
trigger a global reset of the world’s [new] reserve currency.”But since
China’s official figures do not match their actual holdings, we are on
our own in figuring out how much they really have, and how much they
need to have before the reset. Jim says, Jim: China’s last official
announcement was over five years ago on April 25, 2009. At that time, it
claimed to have 1,054 tonnes. That’s a 76% increase from the 600 tonnes
it had in 2003. Right now, Shanghai Daily has reported that China has
quietly amassed about 2,710 tonnes of gold. Jeff: That’s an unofficial
number. Jim: Yes, that’s an unofficial number. But you and I both know
that China controls its media. So it is letting it be known that it is
accumulating more gold, but it is not letting the public know exactly
how much. But from what I have gathered from trusted sources, the
Chinese actually have amassed around 4,000 to 4,500 tonnes of gold
already. Jeff: Wow, that’s a massive difference. Jim: It is. And when
Chinese gold hits around $5,000 an ounce, all bets are off. It will be
the second punch that will deal a deathblow to the dollar. And set off
the wholesale destruction of American wealth. The bottom line is that
China is being allowed to acquire gold without spooking the markets and
driving up the price. This way, it will be “on the train” when it leaves
the station. The only problem is that when the train leaves the station
and the global reset triggers a new reserve currency, nearly all
American wealth will be wiped out, except for those who have prepared
themselves in advance…One last thing, Jeff. Our viewers should know that
China could announce its holdings at any time. So they shouldn’t wait
to get their financial house in order. The time to act is now. Before
it’s too late….Jeff: From what you’ve seen today, we are beyond the
point of no return, as China prepares to announce its official gold
holdings at any time. And when it does, there will be no time left to
prepare yourself for the devastation ahead. And to think our government
is helping China do it. By suppressing the price of gold, under the
guise of weakening its function as a reserve currency, China is able to
covertly acquire as much gold as it will need to trigger the death of
money as you know it. So the bottom line here—as they see it—is that
China is holding about 4,500 tons (tonnes) of gold right now. They
suggest that their goal is to accumulate about 5,000 tons before
announcing the global currency reset. When they make this announcement,
investors will realize that the current price is totally unrealistic in
view of all the secret purchases going on in the past few years. This
will make it impossible to rig the price of gold any longer, and it will
shoot up almost immediately to at least $5,000 per ounce. At that
price, it will be able to back the new basket of currencies that the
BRICS nations are putting together to replace the US dollar as the world
currency for the next century or longer. Meanwhile, the US has no
defense against what is coming, unless it is able to start World War III
and destroy the BRICS nations (beginning with Russia). The
price-riggers have no choice but to keep the price of gold and silver
low, because that is the only way the dollar can retain its value. But
rigging the market to keep the price of gold low allows China and India
to buy gold cheaply with all the dollars they hold in their reserves.
When things change, those nations holding gold and silver will emerge as
the strongest in the world.