{"id":11209,"date":"2020-04-08T13:21:31","date_gmt":"2020-04-08T17:21:31","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=11209"},"modified":"2020-04-08T13:21:31","modified_gmt":"2020-04-08T17:21:31","slug":"global-economic-financial-system-in-free-fall-collapse","status":"publish","type":"post","link":"http:\/\/stateofthenation.co\/?p=11209","title":{"rendered":"Global Economic &#038; Financial System in Free-fall Collapse"},"content":{"rendered":"<h2>World\u2019s largest Ponzi scheme \u2018fiat currency &amp; banking\u2019 on way to collapse, CEO of online investment platform tells Keiser Report<\/h2>\n<p><!--more--><\/p>\n<div id=\"attachment_11210\" style=\"width: 778px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-11210\" class=\"size-full wp-image-11210\" src=\"http:\/\/stateofthenation.co\/wp-content\/uploads\/2020\/04\/5e8c8c582030270dd40d3477.jpg\" alt=\"\" width=\"768\" height=\"432\" srcset=\"http:\/\/stateofthenation.co\/wp-content\/uploads\/2020\/04\/5e8c8c582030270dd40d3477.jpg 768w, http:\/\/stateofthenation.co\/wp-content\/uploads\/2020\/04\/5e8c8c582030270dd40d3477-300x169.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><p id=\"caption-attachment-11210\" class=\"wp-caption-text\">\u00a9 Getty Images<\/p><\/div>\n<p>RT.com<\/p>\n<p>As the global economy is struggling with the impact of the Covid-19 pandemic, concerns are growing about the stability of the international monetary system.<\/p>\n<p>RT\u2019s Keiser Report is joined by Simon Dixon, the CEO and co-founder of the online investment platform bnktothefuture.com, to talk about the possibility of new digital currencies from central banks and governments around the world, as the debt-based fiat world disintegrates.<\/p>\n<p><em>\u201cThis is really a global reset in the financial system,\u201d<\/em>\u00a0says Dixon, adding that he does not want to sound dramatic.<\/p>\n<p><iframe loading=\"lazy\" title=\"Keiser Report | Quantitative Hardening | E1524\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/mCbTRjGJI2Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><em>\u201cPeople are going to think about their own livelihoods and their own personal situation and conserving cash,\u201d<\/em>\u00a0he explains, adding that it will inevitably lead to slowdown in mortgages and\u00a0<em>\u201cthe collapse of the fractional reserve banking system.\u201d<\/em><\/p>\n<p><em>\u201cAnd then inevitably a bailout which I am forecasting will be the central bank, all the governments creating their own digital currency and essentially allowing banks to go bust without people losing their money by giving them the ability to open a wallet with the Central bank if they had $10,000 in their account,\u201d<\/em>\u00a0he says.<\/p>\n<p>According to the expert,\u00a0<em>\u201cwe are going to see a real attack from central banks on traditional banks as we inevitably experience the ginormous consequences of essentially the world\u2019s largest regulator Ponzi scheme that we\u2019ve seen in our lifetime called fiat currency and banking.\u201d<\/em><\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.rt.com\/business\/485174-ponzi-scheme-fiat-currency-banking\/\">https:\/\/www.rt.com\/business\/485174-ponzi-scheme-fiat-currency-banking\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>World\u2019s largest Ponzi scheme \u2018fiat currency &amp; banking\u2019 on way to collapse, CEO of online investment platform tells Keiser Report<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11209","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/11209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11209"}],"version-history":[{"count":0,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/11209\/revisions"}],"wp:attachment":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11209"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}