Something is changing beneath the surface of the financial system.
Prices feel less anchored. Debt feels less manageable. And the confidence sustaining the dollar-based
system no longer appears as automatic as it once did. This book was written to help readers understand
that shift and the pressures building behind it.
The Great Dollar Reset is about more than inflation or market volatility alone. It is about what happens
when debt, monetary expansion, and weakening trust begin to collide. At the center of that story is 1971,
when the dollar lost its gold anchor and entered a new era shaped more by policy and confidence than by
restraint.
That is why gold and silver matter. In a system built on paper promises, tangible assets take on greater
importance when confidence begins to fray.
My goal is simple: to help you see the shape of the storm before it becomes impossible to ignore.
This book was not written for people who still believe everything is under control.
It was written for people who can see the cracks: a dollar losing credibility, a system drowning in debt, and
leaders who keep printing, borrowing, and reassuring the public as if consequences no longer exist.
That game does not end quietly.
The Great Dollar Reset is about what happens when confidence finally gives way to reality. When the
promises get bigger, the currency gets weaker, and the public wakes up too late to protect itself.
The importance of gold and silver can’t be undermined. Not because they are fashionable, but because they
do not depend on the same broken system that created the problem.
Read this book with an open mind, but read it with urgency.
Because resets do not wait for permission.
FROM THE AUTHORS
The Great Dollar Reset
Samuel J. O’Brien - Co-Author & Founder of True Gold Republic
Steven Williams, Co-Author & Researcher
THE GREAT
DOLLAR
RESET
Warren Buffett
Quoted by CNBC, Jan. 31, 2021 [20]
This is a field report from the edge of a system that
looks more fragile, more indebted, and more
manipulated than most Americans realize.
You can feel it in your bones that something is not right.
Prices do not feel normal. Debt does not feel normal. The
market’s fake serenity does not feel normal. And yet most
people are still acting as if the biggest financial risk in
front of them is choosing the wrong mutual fund.
That is not the risk.
The risk is that the rules of the system itself are changing
- slowly enough to lull people to sleep, then suddenly
enough to wreck them when the turn comes.
This book is a warning, but it is also a guide to
understanding how we got here. It lays out the seven death
traps and outlines the real risks facing savers and
investors. It has a sharp focus on one of the most important
turning points in modern financial history: the gold
standard, the closing of the gold window, and what
changed after America severed the dollar’s link to gold.
The arithmetic makes it plain that inflation is
a far more devastating tax than anything that
has been enacted by our legislatures.
A SPECIAL REPORT
The Great Dollar Reset
THE NIGHT THE FINANCIAL
SYSTEM ALMOST BROKE
Henry Paulson
Cornell Chronicle, Nov. 2010 [1]
On September 18, 2008, America stared into a hole most
people never saw.
Banks stopped trusting each other. Credit markets
seized. The invisible plumbing that allows money to move
through the global economy started freezing in place.
Former Treasury Secretary Hank Paulson later described
the system as being on the verge of melting down.[1]
Congress rushed through a $700 billion rescue package
because the people inside the machine were terrified
that if the machine stopped, everything built on top of it
would stop too.
That should have been the wake-up call. Instead,
it became the rehearsal.
Because the fix for the last crisis was more debt.
More central-bank intervention. More balance-sheet
expansion. More dependence on confidence. More
dependence on the promise that somebody, somewhere,
could always print, borrow, or backstop enough to keep
the game alive one more quarter.
As hard as we worked, it literally took the
system on the verge of melting down ... to get
Congress to act.
INTRODUCTION
The Great Dollar Reset
Inside This Report
Why gold and silver tend to
wake up when paper confidence
goes to sleep.
Why the “Great Taking” thesis hits
a nerve even if you do not buy
every inch of the conspiracy.
Why AI is not just a technology story
but a demand-destruction story.
Why a global recession no longer
looks like a fringe possibility.
How a 1970s-style stagflation
replay could crush the middle class
all over again.
How a debt-based financial
system turns into a house of cards
when expansion stalls.
How empires often crack
financially before they crack
politically.
Most Americans think 2008 was the crisis.
A more disturbing possibility is that 2008 was only the first visible crack in a much larger debt superstructure.
Since then, the United States has piled on trillions more in debt. Global debt has continued marching upward. The
dollar is still the world’s key reserve currency, but it now carries more promises, more deficits, and more geopolitical
baggage than at any point in modern history.
That is why this report is not really about fear for fear’s sake. It is about pattern recognition. Debt, devaluation, and
monetary disorder have a rhythm. They build slowly. Then confidence breaks. Then things that looked impossible
suddenly become obvious.
The Great Dollar Reset
HOW THESE
7 SCENARIOS ARE
FORMING THE PERFECT
CATASTROPHIC STORM
Individually, each of the seven death traps ahead
would be serious.
Together, they create something far more dangerous: a
system where debt is extreme, growth is slowing, jobs
are becoming less secure, the dollar is being quietly
diluted, and trust is being stretched harder than most
people appreciate.
You do not need to believe in a smoke-filled room full of
villains to understand this. You do not need to pin it all on
one cabal, one banker dynasty, or one secret society. The
structure itself tells the story.
When politicians can spend without discipline, central
banks can create money without an anchor, regulators
can stack complexity on top of complexity, and ordinary
savers are told to trust digital claims instead of tangible
collateral, the result is not stability. It is vulnerability
dressed up as sophistication.
That is the backdrop. Now let us walk through the
seven traps - and the monetary history that
makes them so dangerous.
THE 7 DEATH TRAPS
The Great Dollar Reset
DEATH TRAP #1
THE UNAVOIDABLE
GLOBAL FINANCIAL
RECESSION
Three devastating triggers are already in motion.
Even before missiles, headlines, and trade drama started dominating the daily cycle, the world economy was already
tightening up.
China entered 2026 with an official growth target of 4.5% to 5% - its lowest target since the early 1990s.[3] France’s
2026 growth forecast sat around 0.9%.[4] Germany, Europe’s industrial workhorse, was still struggling after
contraction in 2023 and 2024 and weak growth in 2025, with forecasts for 2026 still modest.[5] And U.S. real GDP
growth slowed to a 1.4% annual rate in the fourth quarter of 2025.[2]
That is not what strength looks like. That is what fatigue looks like.
And now the recession case is being fed by three separate pipes at the same time.
Energy is the bloodstream of the modern economy. When oil spikes, it does not just hit the gas pump.
It hits shipping. It hits manufacturing. It hits fertilizer. It hits food. It hits home heating. It hits airline
tickets. It hits the cost structure of almost everything the average family touches.
That was one of the core lessons of the 1970s and it has not changed. If the Strait of Hormuz is
threatened, or if the market even thinks it could be threatened, risk gets repriced fast.
In normal times, energy inflation is annoying. In a slowing economy, it is lethal.
Trigger A
Oil, Shipping, & the Cost of Everything
The Great Dollar Reset
TAKEAWAY
Trigger C
Debt Saturation
Trigger B
Trade Wars Are a Hidden Tax
Tariffs can be marketed as patriotic. They can be sold as leverage. In theory, they can even be
defended as bargaining chips.
When economies are slowing, consumers are tapped out, and governments are already buried under
debt, even a modest external shock can become the trigger that pulls a global recession front and center.
This is the ugliest trigger because it sits underneath everything else.
Household debt in the United States reached $18.8 trillion in the fourth quarter of 2025.[6] Gross
national debt reached $38.56 trillion as of February 4, 2026, according to the Joint Economic
Committee’s monthly debt update.[7] At the recent pace of accumulation, the U.S. was projected to
hit $39 trillion by about April 12, 2026.[7]
Debt used to be presented as a tool. Now it looks more like an addiction.
And once debt reaches saturation, a strange thing happens: the system still needs more credit to
keep moving, but every new dollar of credit produces less real growth and more fragility.
That is when the dominoes start looking less theoretical.
But to the consumer, tariffs often behave like a hidden tax. The price goes up. Margins get
squeezed. Business planning gets harder. Companies delay investment. Households buy less. And
the whole thing feeds uncertainty at exactly the moment the economy needs confidence.
Recession does not always arrive with one dramatic bang. Sometimes it arrives because millions
of businesses and households quietly pull back at the same time.
The Great Dollar Reset
America’s Debt Curve
Selected year-end figures and early-2026 debt totals do not show a line that simply moved higher. They show a
curve bending upward, with debt accelerating into a far more dangerous pattern. Rising debt is one thing. Debt
compounding faster and faster is another.
A debt system can survive a lot, including weak growth, chronic deficits, and political dysfunction. What it
struggles to survive is a weakening of demand at the very moment supply is exploding. If the government must
issue ever more debt to fund deficits, roll over old obligations, and keep the system moving, buyers have to
remain willing to absorb that flood.
That is where the danger starts. When supply surges and demand softens, pressure spreads quickly. Interest
costs rise. Refinancing gets harder. Policymakers come under pressure to intervene. The issue is not just that
the debt is large. It is that the market may no longer want to finance that growth on the same terms. That is
when a debt system starts to look less stable and more fragile.
Source: FRED historical federal debt series and Joint Economic Committee February 2026 debt update [7]
America’s Debt Curve
Gross federal debt ($ trillions)
$40T
$35T
$30T
$25T
$20T
$15T
$10T
$5T
$0T
The Great Dollar Reset
1990
2000
The curve did not just
rise. It bent upward.
2010
2020
2025
$38.56T
(Feb. 4, 2026)
Inflation is a far more devastating tax than
anything that has been enacted by our
legislatures.
Warren Buffett
Quoted by CNBC, Jan. 31, 2021 [20]
Did you grow up in the 70s? Or maybe you just heard the
stories.
Gas lines around the block. Odd-even rationing. Inflation
that made prices feel alive in the worst possible way. A
middle class that suddenly learned a brutal lesson: life
gets very hard when the economy stops growing but the
cost of living keeps running.
That is stagflation.
High unemployment in a stagnant economy, with inflation
through the roof. A quagmire where trying to fix one
problem often makes another one worse.
Normally inflation shows up in hot economies and
recessions cool prices down. Stagflation flips the
playbook on its head. It is ugly because it is sticky. It gets
inside the system. It frustrates policymakers. It wears
families down.
DEATH TRAP #2
RETURN TO
THE 70S - NOT
DISCO -
STAGFLATION!
High prices. Weak growth.
A labor market that starts
to limp.
10
The Great Dollar Reset
The early 1980s marked the breaking point of the inflation era. What had been building through the 1970s
finally collided with reality.
Mortgage rates did not simply rise. They moved into a range that would feel almost unthinkable to most
readers today.
That changed everything about housing. A home that looked affordable at one rate could become
unreachable at another because the monthly payment surged.
The lesson is not just that rates went up. It is that they moved high enough to crush affordability, force
adjustment, and break the assumptions people had been living under.
The comparison to the 1970s matters because the ingredients still rhyme: commodity pressure, geopolitical strain, an
exhausted consumer, and a government with no real appetite for discipline. History does not repeat exactly, but it
does echo.
And if you want one number that captures how brutal the end of that cycle became, start with mortgages. The
average 30-year mortgage rate hit 16.64% in 1981, and the widely cited recorded monthly peak reached 18.63% in
October of that year.[12]
People complain today - understandably - about 6% to 7% mortgage rates. But try laying 18% money on top of today’s
home prices. Then imagine losing your job in the middle of it.
If stagflation comes back in force, people will not be arguing about whether a latte costs a dollar more. We will be
fighting to keep cash flow, keep housing, and keep our savings from getting hollowed out in real time.
Source: Freddie Mac annual mortgage rate data summarized by Bankrate; peak monthly rate from Investopedia [12]
The 70s Did Not End with Cheap Money
Gross federal debt ($ trillions)
11
17.5%
15.0%
12 .5%
10.0%
7.5%
5.0%
2.5%
0.0%
The Great Dollar Reset
1971
1973
1975
Today’s 6%–7% feels high. The
early 80s were a different planet.
1977
1979
1981
1982
1981 avg: 16.64% Oct.
1981 peak: 18.63%
INTERLUDE
THE GOLD STANDARD, THE
GOLD WINDOW, AND THE
DAY THE TETHER WAS CUT
There is one part of this story that belongs much earlier
in the average American’s mental model than it usually
gets.
The gold standard.
For decades after World War II, the Bretton Woods system
anchored the U.S. dollar to gold at $35 per ounce, while
other major currencies were pegged to the dollar.[9] It
was not a perfect system. But it imposed a constraint.
It forced policymakers to respect, at least somewhat,
the idea that money was supposed to point back to
something harder than politics.
By August 1971, that discipline was cracking. Inflation was
rising. Foreign governments were converting dollars into
gold. A gold run was looming. President Nixon shut the
gold window and ended dollar convertibility into gold.[9]
That decision changed the architecture of money.
Once the tether was cut, the dollar did not cease to
function. It did something more dangerous: it kept
functioning while losing its external anchor.
12
The Great Dollar Reset
Source: BLS CPI data as summarized by OfficialData [10]
What Happened to the 1971 Dollar?
What happened to the 1971 dollar? In simple terms, it entered
a new era with no gold tether behind it and far fewer limits on
how much currency and credit could be created.
That matters because inflation is not just a statistic. It is the
slow destruction of purchasing power, the steady decline in
what a dollar can actually buy in the real world.
Once the link to gold was severed, restraint became more
political than automatic. The system no longer had the same
external check, which made it easier to respond to problems
with more money, more debt, and more intervention.
Over time, that changed the meaning of the dollar itself. The
dollar still functioned as money, but it no longer represented
the same kind of fixed discipline it once did.
That is the real legacy of the post-1971 world. The dollar did
not collapse overnight. It began a long slide into a system where
purchasing power could be steadily weakened by policy, debt,
and inflation.
That means the 1971 dollar buys only about 12.6 cents worth of 2025 goods.
$100 in 1971 would require about 793 in 2025 to buy the same basket of goods.
$1.00
$7.93
13
The Great Dollar Reset
President Nixon’s actions in 1971 ... ended dollar
convertibility to gold and brought an end to
Bretton Woods.
Federal Reserve History
Nixon Ends Convertibility of U.S. Dollars to Gold [9]
That is the genius and the hazard of fiat money. It can
work for a long time. It can absorb political promises.
It can fund wars, deficits, rescues, stimulus, and social
obligations. It can do all of that right up until trust,
purchasing power, and debt demand begin to fray at the
same time.
Chart: After the Gold Window Closed, Gold Repriced Hard
Gold did not explode because it suddenly became magical. It repriced because the paper measuring
stick was being changed.
They have been printing more and more money to cover
spending they cannot stop. That intuition becomes much
easier to understand once you place 1971 in the timeline.
Before 1971, there was at least a visible wall. After 1971,
the wall moved. Then it blurred. Then it became political.
And what happened next? Inflation. Currency erosion.
A brutal rise in rates. And a dramatic repricing of gold.
Source: Federal Reserve History on the end of convertibility; annual gold prices from Macrotrends [9][11]
After the Gold Window Closed, Gold Repriced Hard
Average annual gold price ($/oz)
14
$700
$600
$500
$400
$300
$200
$100
$0
The Great Dollar Reset
1971
Aug. 1971:
Nixon closes the
gold window
1973
From about 41 to about 615
on an annual average basis.
1975
1977
1979
1980
EXPANDED BRIEFING
THE GOLD STANDARD WAS
NOT PERFECT - IT WAS A
RESTRAINT
One of the laziest ways to dismiss gold is to sneer at the gold
standard as a dusty relic from a black-and-white age.
That misses everything that mattered.
The gold standard was never valuable because it made the
world perfect. It mattered because it imposed limits. It forced
governments and central bankers to answer to something
harder than politics.
Under a gold standard, power had to negotiate with scarcity.
Once money was cut loose from a hard anchor, power mostly
negotiated with itself.
That does not mean every post-1971 dollar was worthless or
every decision after Bretton Woods was illegitimate. It means
the boundaries changed. The restraints weakened. The
incentives shifted.
After convertibility ended, the United States gained far more
room to borrow, spend, inflate, and postpone consequences. It
could fight inflation with one hand while feeding it with the
other, all while leaning on the dollar’s reserve-currency status
to absorb contradictions that would have shattered weaker
nations.
The gold window did not close the book.
It opened the age of monetary escape.
15
The Great Dollar Reset
A Short Timeline of America’s Gold Tether
1971
1933
1980
The case for gold does not begin with a forecast. It begins with the monetary history of the United States.
1973
1944
Gold peaks at $843 intrayear after the
inflation shock of the 1970s.
Domestic gold redemption
ends under Roosevelt.
Nixon closes the gold window and
ends convertibility for foreign
governments.
The statutory gold price becomes
$42.22 as the old system
dissolves.
Bretton Woods links the dollar to
gold at $35/oz and other
currencies to the dollar.
People say gold “goes up,” but that gets the truth backward.
Most of the time, gold is not changing nearly as much as the currency measuring it is. The real move is in paper money,
stretched by too much debt, too much politics, and too many promises it cannot credibly keep.
Gold is not always soaring.
Often, the currency is simply weakening.
That is why a rising gold price is rarely just a comment on gold. More often, it is a verdict on the money used to price it.
16
The Great Dollar Reset
Source: Federal Reserve History and related historical sources on the U.S. gold standard and Bretton Woods [9]
What good is efficiency if it hollows out the consumer base?
Things are looking bleak, and the labor market no
longer feels like the clean support pillar it was
marketed as.
AI is the elephant in the room.
AI is not just another productivity tool. It is a replacement
engine. It can do things at lightning speed and at a
fraction of the expense humans can.
And once executives believe they can get comparable
output with fewer people, they change hiring behavior
long before they finish replacing anyone.
In early March 2026, the U.S. jobs report for February
shocked analysts: nonfarm payrolls fell by 92,000, while
2025 payroll growth had already been revised down
sharply.[13] Even the defenders of the labor market had
to admit that the picture was getting softer.
Now lay that weakness next to what the IMF and the
World Economic Forum are saying. The IMF says AI could
affect almost 40% of jobs globally, and up to 60% in
advanced economies.[14] The World Economic Forum
says 22% of jobs are expected to be disrupted by 2030
and that 41% of employers expect workforce reductions
where AI can automate tasks.[15]
That is not a sci-fi conversation. That is a
consumer- demand conversation.
Because if families feel more replaceable, more
precarious, and less secure in their income stream, they
spend differently. They save harder. They postpone. They
shrink their risk appetite. That feeds straight back into
the economy.
The numbers are not a prediction of immediate mass
unemployment. They are evidence that a large share
of the economy is moving into a more uncertain labor
regime.
Source: IMF, Gen-AI: Artificial Intelligence and the Future of
Work; World Economic Forum, Future of Jobs Report 2025
[14][15]
IMF says AI could affect
almost 40% of jobs globally.
WEF says 22% of jobs are
expected to be disrupted by 2030.
WEF says 41% of employers expect
workforce reductions
where AI can automate tasks.
The question is not whether AI creates value. The
question is what happens to consumer demand if millions
of workers become more replaceable, more anxious, or
less necessary.
THE DEEPER RISK
The AI Job Shock in Three Numbers
AI Job Shock: The Numbers That Matter
40
22
41
17
The Great Dollar Reset
AI can create enormous profits for owners and
enormous anxiety for workers at the same time. A
labor market that looks efficient on paper can still feel
recessionary on Main Street.
THE AI JOB PURGE
DEATH TRAP #3
DEATH TRAP #4
THE “HOUSE OF CARDS”
PONZI FINANCIAL SYSTEM
A debt system only looks stable while it can keep expanding.
The current financial system is a debt system. It is
dependent on constant expansion. And if it can no
longer expand at an acceptable price, it starts to
wobble.
Global debt rose to a record $348 trillion at the end of
2025, according to the Institute of International Finance,
with the debt-to-GDP ratio around 308%.[16] This cycle is
no longer being driven mainly by families buying houses
or businesses buying equipment. It is being driven by
governments running chronic deficits and markets
absorbing record amounts of sovereign paper.[16]
In the United States, public debt held by the public stood
at about 100% of GDP in 2025 and CBO projects it reaches
107% by 2029 and 156% by 2055.[8] Net interest alone is
around or above the $1 trillion mark in 2025-2026.[8]
That matters because debt is supposed to buy time.
When it starts consuming the future instead, the system
becomes self-referential. More borrowing is required to
service the borrowing already outstanding. More issuance
is needed to refinance the issuance already stacked
up. And all of it depends on buyers showing up with
confidence.
That is why Ray Dalio keeps coming back to the same point.
In March 2025 he warned that the United States has a
“very severe supply-demand problem” in debt and that
shocking developments could follow if the imbalance is not
addressed.[21]
A normal economy creates wealth, saves some of it, and
finances the next round of productive activity. A late-
stage debt economy finances itself, then finances the
consequences of financing itself.
18
The Great Dollar Reset
The first thing is the debt issue, we have a very
severe supply-demand problem.
Ray Dalio
CNBC, Mar. 12, 2025 [21]
Chart: Debt Held by the Public Is Projected to Blow Past
the Old Record
The post-WWII record used to be the comparison point.
CBO projects the United States breaks above it by 2029
and keeps going.
Source: Congressional Budget Office, The Long-Term Budget, 2025 to 2055 [8]
To many Americans, the word Ponzi feels
uncomfortably close to the truth. Not because the
Treasury is literally a Ponzi scheme in any legal sense, but
because the cycle feels impossible to miss.
More debt to fund deficits. More issuance to refinance
old debt. More intervention when markets stumble.
More money creation when Washington runs out of
discipline.
Then layer on top of that a stock market that has become
addicted to liquidity, a commercial real-estate market
under pressure, an AI capex arms race, and consumers
who are already squeezed. That is not a foundation.
That is a balancing act.
Net interest in
2025–2026
Approx.
per day
At about $1 trillion a year, interest is no longer
background noise. It is a fiscal event.
Source: CBO long-term outlook and congressional budget
summaries [8]
Approx.
per hour
CBO says interest will keep climbing as debt compounds.
Debt is no longer a line item. It is becoming the
atmosphere.
Debt Held by the Public:
100% of GDP to 156%
19
2025
100%
2029
107%
The Great Dollar Reset
118%
2035
CBO projects debt held by he public will surpass the
post- WWII peak by 2029 and keep climbing.
156%
2055
The Interest Bill Is Becoming Its
Own Crisis
The Interest Bill Alone Is Becoming a
National Burden
>$1T
$2.74B
$190M
20
The Great Dollar Reset
DEATH TRAP #5
THE GREAT TAKING
Few realize how long, convoluted, and treacherous the modern
custody chain has become. Your assets sit miles from real control.
A powerful banking-and-broker age net work positioning
itself to seize everyone’s wealth sounds crazy on first
hearing. That is exactly why the phrase “The Great
Taking” sticks.
David Rogers Webb’s thesis is controversial. Some of you
will think it is accurate. Others will think it goes too far.
But even critics of his grand conclusions admit that the
modern ownership structure of financial assets is far
more layered and less direct than ordinary investors
assume.
If you hold stocks, bonds, mutual funds, ETFs, options,
derivatives, futures, or forex positions through a broker,
what you usually hold is not a paper certificate in your
own hand. You hold a claim that sits inside a system
of brokers, custodians, clearing entities, and legal
hierarchies.
For decades, markets dematerialized securities because
speed, scale, and digital settlement demanded it.
Convenient? Absolutely. Intuitive? Not at all.
Many people begin to ask the question “Do I really own
what I think I own?”
I am not saying everything will be taken tomorrow. The
point is to show how indirect the chain has become, how
much now depends on intermediaries, and how quickly
legal fine print starts to matter when institutions begin to
fail.
BAIL-OUTS VS BAIL-INS
Bail-Out (pre-2010 nightmare) Government pumps
taxpayer money into failing banks to keep them alive.
Wall Street saved, Main Street pays.
Bail-In (Dodd-Frank’s “solution”) No taxpayer rescue.
The bank seizes your money instead.
Shareholders wiped out first
Then unsecured creditors
Then large depositors (over $250k FDIC limit) lose
funds or get converted to worthless bank stock
Dodd-Frank Title II legalized this: FDIC can seize giant
banks and force bail-ins on customers to “protect
taxpayers.” Your savings become the bailout tool.
What happens if a mega-bank crashes? Overnight:
Accounts >$250k slashed 30–60% or frozen
Pension funds, businesses, 401(k)s gutted
Bank runs spread nationwide
Credit freezes, stocks crash, jobs vanish
Economy plunges into depression
Derivatives get paid first—your money last
No more government safety net. Your deposits now fund
Wall Street’s survival.
What Most Investors Think They Own vs.
What They Actually Hold
YOU
BROKER
CUSTODIAN
CLEARING SYSTEM
In normal times, the chain works invisibly. In a crisis, invisible chains are still chains.
In calm markets, the chain is invisible. In stressed markets, invisible chains still matter.
Modern securities ownership is layered, intermediated, and far less intuitive than most
Amercians realize.
There is also a darker layer. The feeling that the rules
were changed quietly, over years, in a way that
benefited institutions first and households last.
That feeling did not come out of nowhere. Modern
finance has repeatedly socialized losses, privatized
gains, and hidden risk inside language the public
does not read untilsomething breaks.
So yes, call it mafia-like if you want. Call it a protected
class of insiders. Call it a control grid. Or call it what
it is at minimum: a system whose legal and
operational complexity has grown so dense that
ordinary savers can no longer see the ground under
their own assets.
That alone should bother people.
21
The Great Dollar Reset
It is about the taking of collateral (all of it), the end game of the current
globally synchronous debt accumulation super cycle.
David Roger Webb | The Great Taking