The Next Financial Panic Will Result in ‘WORLD MONEY’

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In his latest book, financial commentator James Rickards gives an eerie portrayal of the Deep State’s masterminding of a forthcoming economic collapse, and what our world will look like once the dust finally settles.  

James Rickards is not only an American lawyer, financial commentator and New York Times bestselling author of The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis. He also played a significant role in the near-collapse of Wall Street in 1998. As General Counsel for the infamously failed hedge fund Long Term Capital Management, he negotiated a bailout with 16 institutions to prevent the entire financial system from implosion.

“In 1998, Wall Street got together and bailed out a hedge fund. Then in 2008, the central banks bailed out Wall Street.”

But Rickards points out that since Federal Reserve resources were barely enough to prevent the collapse in 2008, it should be expected that an even larger collapse in the future will simply overwhelm the Fed’s balance sheet.

“In the next crisis, who is going to bail out the central banks? Where is the money going to come from if you have to reliquify the system?”

In 2009, Rickards was called upon to help orchestrate the first-ever financial war games that were sponsored by the Department of Defense. In 2015 he did so again at the Pentagon. In his analysis, not only has each financial crisis been bigger than the one before, but the next one will be unlike anything ever seen before in history:

A liquidity injection of the kind seen in 1998 and 2008 will not suffice because central bank balance sheets are stretched. There will be little time to respond. Account freezes will be used to buy time while global elites convene an international monetary conference…Sovereigns don’t go down without a fight. The response to money riots will be confiscation and brute force. Governing elites will be safe in their hollowed-out mountain command centers. Private elites will fend for themselves in their yachts, helicopters, and gated communities, which will be converted to armed fortresses. There will be blood in the streets, not metaphorically, but literally. Neofascism will emerge, order responding to disorder, with liberty lost.

So the question remains: In the next crisis, who will bail out the central banks?

According to Rickards, the only way out of global financial collapse will be a bailout from the last clean balance sheet in the world – the International Monetary Fund (IMF). The IMF will come to the rescue of the Federal Reserve by printing trillions of Special Drawing Rights (SDRs), the new equivalent of ‘world money.’

“The IMF will rise to the occasion with a towering issuance of SDRs, and this monetary operation will effectively end the dollar’s role as the leading reserve currency.”

Boiled down to its essence, the SDR is a kind of super money printed by the IMF and then circulated among central banks and governments. In fact, since their creation more than 40 years ago, SDRs have been issued 3 times – 1969, 1979 and 2009. Each time was linked to a crisis of confidence in the U.S. dollar. But Rickards suggests that when the international monetary system does finally reboot itself, these SDRs will play a specific role in a far grander plan being masterminded by the elites.

“The logic leads quickly from one world to one bank to one currency for the planet.”

If you believe this sounds suspiciously like New World Order doctrine, you’re not alone. The title for Chapter 2 of Rickard’s book provides a sufficient explanation of what the world’s global elites are driving towards: One Money, One World, One Order.