Economic Reset
Kerby Anderson
Glenn Beck has been writing about a coming reset in his books, The Great Reset and Dark Future. Now he has been talking about an economic reset that will trigger a cultural and political reset.
He explains that every debt-based system will end in one of three ways. The country will inflate the money so they can pay off the debt. That is what the German Weimar Republic did. That is what Rome did. The second is a hard default that usually leads to political upheaval. That is what Russia did in 1917. That is what Argentina has done numerous times. The third usually comes after a war that leads to a new monetary order. After World War II, we had the Bretton Wood conference that made the U.S. dollar the reserve currency of the world.
Something is different this time. “Rome collapsed by itself. France collapsed alone. Weimar collapsed by itself. Britain declined while America rose.” This time the collapse won’t be national or regional. It will be global. All the major nations are sinking in the debt cycle.
Why is this happening? Lyn Alden writes about this in Broken Money and Lawrence Lepard writes about The Big Print that is coming. The economy is broken because the money is broken.
What will be the future? We can gain some insight from billionaire and hedge fund manager Ray Dalio, who has written about The Changing World Order and How Countries Go Broke. We will likely face turmoil before a new world order arises from the ashes of countries that naively thought you could keep borrowing your way to prosperity.
This is the time for Christians to point the way to sound financial and biblical principles.
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