There is an unprecedented reset coming to world financial markets and
if you’ve been paying attention it’s impossible to ignore the signs. In fact
mega-investment funds, governments and central banks have been secretly
buying up and storing physical gold in anticipation of an event
that will leave the U.S. dollar effectively worthless and governments
around the world angling for a new global currency mechanism, according
to mining executive Keith Neumeyer.
But before the reset can happen Neumeyer, who recently founded First
Mining Finance and has partnered with billionaire alternative asset
investors like Eric Sprott and Rick Rule, says that foreign creditors
must first deleverage their U.S. dollar debt, a move that is happening right
now and is evidenced by the recent strength of the U.S. dollar.
Once these U.S. debt holders unwind their positions, however, the dollar
will be allowed to crash and we should prepare for a total financial,
economic and monetary realignment.
(Watch the full interview at Future Money Trends)
With the central banks now buying gold… which is quite unique… we
haven’t seen that in our lifetimes… they’ve always been
sellers of gold and now they’re buyers of gold… I think there will be
a reset of the financial industry…
I think China is being allowed to accumulate gold purposefully by
the American government… I believe that the Chinese need to own at
least the same amount as the U.S. owns before this reset occurs. I
think that there’s some kind of deal that’s being made between all the
central banks behind the scenes and that’s why you’re seeing governments
accumulating the metal.
I do believe there will be some kind of new currency created with the
backing… and it might not be a direct backing of the metal… but it’ll be some
kind of blend of currency.. it could be through SDR’s… Special Drawing
Rights… or some type of mechanism… I think that’s where we’re going.
And when that reset occurs I think gold will be left to rise… and
I wouldn’t be at all surprised to see three…four… five thousand dollar gold
over the next five years.
Because the price of gold has been suppressed to allow governments and
central banks to accumulate it cheaply, Neumeyer sees opportunity in the
mining industry and that’s why his latest mineral
bank project is mimicking their actions and buying up physical mining
assets around the world.
And though Western mainstream media pundits argue that the recent strength
of the U.S. stock market and the U.S. dollar are proof positive that an
economic recovery has taken hold, Neumeyer says exactly the opposite is
happening.
The reason for the recent rise in the value of the world’s reserve
currency, he suggests, is a result of the massive unwinding of U.S. debt
as private investors and governments around the globe know a rush
for the exits is coming soon:
The view on the strength of the dollar recently is the fact that
it’s short-term. You’ve got so much U.S. debt out there and
governments are now getting rid of their U.S. debt and converting all the
debt to local debt… that’s causing a huge demand for dollars in order to make
that conversion, so this whole dollar rally is basically a
deleveraging against the U.S. dollar… you’re not seeing that story showing up
anywhere in North America.
Once the world is deleveraged than the U.S. dollar… then basically
the U.S. dollar will crash and that will be the beginning of this new reset.
Everything, of course, is very hush-hush but, as Neumeyer explains, most
of the influential players involved know exactly what is going on and they
are making their moves right now to ensure they survive the coming financial
reset:
The gold accumulation that’s going on… this is gold that’s outside of the
system… you don’t hear about it… these are big sovereign wealth funds, these
are government funds, these are banks that are buying the physical metal… they
are very intimately involved in the sector and they know what’s going on.
…
Definitely world governments and central banks around the world are
unwinding their U.S. debt. They’re trying to bring their debt home and that’s
causing the upside pressure on the dollar.
If Neumeyer is right, and all the signs suggest his assessment is fairly
accurate, then the recent strength of the U.S. dollar will be short-lived.
Once deleveraging by governments and central banks has been completed
they will unleash an economic, financial and monetary storm that will change
the very fabric of the global order.
The consequences are difficult to predict, but given that these entities
have been buying up gold like their lives depended on it, the notion of an
ounce of the precious metal being valued at $5,000 per ounce isn’t out
of the question.
You can watch Keith Neumeyer’s full interview here. To learn more about the First
Mining Finance Corp mineral bank project with billionaire
contrarian investors Eric Sprott and Rick Rule, click
here.
