YouSaid · the spoken record

Willem Middelkoop

lines on the record: 52
first: 2022-03-10
most recent: 2022-03-10
sittings or episodes: 1
sources: podcast

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“They can go to our website, commodity discovery fund, cdfund.com. People can download the big reset for free on that website. So that can be of any help. And I'm very active on Twitter. So just Google my name is WMiddlecope, but just Google my name and Twitter. You'll find me there.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“we can go back to a very stable financial system without any inflation, without any serious crisis. There's zero chance that that can happen. We need to have big changes into this world financial system, world monetary system. It has been done in the past. It can be done again, but we need to cooperate and we need ACI to be part of it. We need China to be part of it. And we even need to be Russia to be part of it. So it will be an interesting few months or a few years.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“That's why I start to work on the big reset. And once I had enough confidence to publish the big reset because I was quite sure that around 2020 we would need to have these big changes, I started to look for all the signs that they were working on this reset. And when Klaus Schwab of the World Economic Forum published his De Great Reset in 2020 a few months after the COVID crash, it became very clear that the elite, the powers in this world are working actively on reset plans. So I'm more convinced than ever that a reset is needed. And what's happening now in Ukraine and around Russia, it even convinces me more. So the idea that we...”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“I was speaking about us being in the financial endgame for the first time, I think, in 2011. And then I started to think more and more about the problems in the international financial system. Almost all of my books were about the problems in World's Financial System and the financial crisis which started in 2008. And I was always asked what's the solution? And in the first few years, I was that I don't have a solution. I'm very glad that I see the problems and can analyze the problems. But as I learn more and more about how central bankers plan and work and what they've done in the past, I became more and more certain around 2012, 2013, that there would be a way out of this great financial crisis.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Central Bank digital currencies, which will be created, is just another layer on top of this fiat money system. So the more central bank digital currencies will be created, the more smart money will flee towards Bitcoin. And you could even reach a point in which the G20 countries will decide that it's no longer allowed to exchange your Bitcoin to fiat currency. So you can close the on and off ramps. And we've seen some of the first signs of that developing. If you have a bank account here in the Netherlands as a company, so not an individual account, but a company account, there are a few banks here in the Netherlands who don't allow you to make any payments to exchanges if you want to buy Bitcoin.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Countries like El Salvador adding Bitcoin to the balance sheet, you won't see countries like France or Germany or the US adding Bitcoin to their central bank balance sheets because then they need to throw in the towel. But I think there's one huge fight, one last huge fight in the monetary system. And that's the fight between fiat and Bitcoin. And that's central bankers understand this and they try to build their own central bank digital currencies now in a way that they can spin these currencies to get people to invest more and more of their money in the central bank digital currencies and to forget about Bitcoin. But I think that won't work because the more”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“They all have this large physical gold position, so they all can benefit from a gold revaluation. And that's the way they can always bring back trust into the system. So Bitcoin is very valuable for individual countries.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“The current system would totally collapse and then Bitcoin would be the best hard currency available. But central bankers, they know that they can change the system, and that's the whole thesis of the big reset. So central bankers can always avoid a total collapse of the monetary system by bringing gold back into the system, which they all own. And that's also the reason why Russia and China were allowed to build huge physical gold reserves because China has been very has made this point very clear to the US after the Lehman crash, we will only support the current dollar system when you allow us to build a physical gold position as large as the EU and the US has. And now...”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Bitcoin is plan B. So if you're responsible for plan A being the current monetary system, how stupid will it be? To invest in plan B, because if you invest in plan B, you kill Plan A. So this is a very smart move for one central bank in a small country like El Salvador, but it will be a crazy move when G20 countries will start to move that way Because you kill your own system. And that's why so much pressure is being applied now on El Salvador. Look what IMF is saying. Look what US is saying. You know, they're pressing El Salvador to stop this flight to Bitcoin because it's a very smart idea for one country, but it's a huge risk for the system. And this is understood by many of the richest guys in the world. And they know that they need to do what El Salvador is doing, flee to plan B. But Bitcoin can always be a winner when”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“But if you look at platinum, palladium, uranium, these are very small markets. These are markets of 5, 10, 20 billion a year. And if you have 300,000 billion of fiat money looking for value, there's so much money around. There's almost 100 trillion in real estate. There's 100 trillion in bonds. There's 100 trillion in stocks. And all the alternative markets are very small. And once people, more and more people start to understand these risks and start to flee. You can get huge moves.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“could be four or five years out i could well envision bitcoin getting a value of over half a million or maybe even a million because if the money printing will continue and that's guaranteed there will be more and more money which will start fleeing to all the hard assets the government can't print and there are very few around you have gold and silver silver is a very small market we haven't spoken about silver the total amount of physical silver being mind yearly is less than 30 billion 30 billion dollars a year all silver being mined you know that's that amount of money is being created by the ecb in just one month and and if you look at how small the markets are like bitcoin and silver gold is a little”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“If you study the boom bust cycles of Bitcoin, which are classic, if it goes up 10, 20, 30, 40x, and then goes down 70 to 90 percent, and then you have another run, it's my opinion that currently we're at the end of a mid-cycle correction. So we had this huge run from 3,000, 4,000 towards 70,000. Now we had this mid-cycle correction, which in which Bitcoin came down to almost 30k. And if this is a mid-cycle correction, the second part of this bull market, which started in 2019, will bring Bitcoin could easily bring Bitcoin to 300,000. And then we might have another correction cycle. And in the next phase, and that”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Starting to put a few percent, five or ten percent of that money into Bitcoin. And because of the supply of Bitcoin, 19 million out of the 21 million Bitcoin have been mined already. I think 60 or 70% of these coins are in cold storage and are not available only for much higher prices, I can envision Bitcoin to go up another 10x.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Set on 21 million bitcoin. So that's the strongest currency on earth now because even gold and silver we can find new gold and silver deposits. We can grow the reserves with Bitcoin it's fixed to 21 million units and more and more people are starting to wake up to that fact and I've been I've been adding to my Bitcoin positions and what I see a lot with our high net worth investors we have almost 2,000 high net worth investors and more and more of them are changing their portfolio getting rid of bonds and start to invest in alternatives which are getting scarcer and scarcer and of course gold and silver have been the hard assets of choice for thousands of years but now more and more even the boomer generation more and more high net worth people put”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“I was tipped about Ritcoin very early on, I think 2011. And people said study it because that's an interesting new form of money. But I was just too busy building my own companies. I had two companies. I also had the Billion Web Shop. And I was thinking about Bitcoin and I thought it could be a form of digital gold. Actually, in the big reset, I named it digital gold in 2014. But I was stupid enough not to invest in it myself. I corrected that mistake in 2018 and put 5% of my net worth in Bitcoin. And I think Bitcoin is a way just like gold and silver to hatch yourself against the madness in this fiat money system because as you might know the amount of bitcoins which can have mined is”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“To invest in Argentina again, they start to invest in the Yukon, in the Arctic parts of Canada, where you have these large low-grade deposits. So they understand the situation. They understand that they need to act now, but I think investors in commodities will do very well in the next decades with the debasement of currencies, the shortages happening. I think that there will be the perfect storm.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“That's why we started the fund. That's why I hate to say it. This is an awful situation. But it's good for our fund. It's good for our investors. We were up in February 5, 6% while everybody was down. So when there's a shortage in metals and materials and when there are production deficits, the price of commodities is going higher and people will fight for the last available and still undeveloped mining project. And we had four takeovers in our portfolio just in the first two months of this year. Normally we have five or six a year. So there's a scramble ongoing. And you can also see that if you study the behavior of Rio Tinto and BHP, you know, the large mining giants, they're entering markets now in which they weren't comfortable to operate a few years ago.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“And what are the knock on effects where the transition needs all these commodities, but the current economy is just not producing enough of them? I guess the price would go up. But what are the knock-on effects of that?”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Transformation, we as investors in commodities, we study which metals will be needed most. And if you look from an investment perspective, we'll need an awful lot of copper, we'll need an awful lot of nickel, lithium and cobalt. And there simply aren't enough discoveries being made for these metals. There simply isn't enough investment, there aren't enough investments available to do exploration. We invest a lot of our money into exploration but one of the few. So governments don't support any expiration efforts. And I think we will learn in the next decade that there will be a shortage for many, many materials and metals needed for this energy transformation.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Huge revival because we don't have the luxury to choose which form of energy we would like to use. And if we look at the alternatives, of course it's possible to really invest a lot more into wind and solar parks. But solar parks are wonderful in the Middle East. It's less efficient in Northern Europe. And of course, we can build a lot of windmills, but if you look at the windmills, you don't build windmills, which will be there for the next 100 years. These things need to be replaced. We need a lot of commodities to build these machines. We need a lot of copper. So in the whole energy trend,”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Well, nuclear is the only form of energy which is CO2 neutral. So it's one of the cheap and easy ways to have enough electricity, especially here in Europe. Not many people in US understand, but in Western Europe during our autumn, we can have three, four weeks in a row when we have fog and no wind. So imagine you're in November, October, November for weeks with fog, no wind, no sun. You can't rely on alternatives. So that's why nuclear energy needs to be part of your energy mix. And even the politicians in Brussels of the European Commission agree now and even the green parties are starting to change their opinion now about nuclear energy. We'll see a...”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“In the last 10 years, people discuss energy in a way like we have the luxury to choose whether we have oil and gas or we have alternatives like wind and solar. But from our analysis already in 2007, 2008, we learned that we need all the energy we can get. We need oil, gas, nuclear, we need solar and wind, we need it all. And people think way too lightly about how the energy situation can be changed is a very difficult situation.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Amount of energy which Russia can deliver. This is not Putin's choice. Putin always wanted to deliver as much oil and gas as the West needed. But there's an atmosphere here. Now also in the Netherlands in which people say we don't want to send any money to Russia any longer. But nobody is talking about how we can solve our energy crisis without Russia in the next decades. You just can't switch Russia off when they were responsible for almost half of all your energy needs. And people and that this has been a big problem in the energy transition.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“There was this discussion. call from for example Germany not to do that because you know they are just too reliable on not only oil and gas but half of the coal Germany use a lot of coal for their electricity you know they just shut off shut off a few of their nuclear plants January 1st this year now they start about doing a 180 degrees flip on their energy policy and they think about restarting their nuclear plants, which would be a great idea, but they still need the coal, they still need the gas and oil from Russia. But with the current sanctions, the level of sanctions may be Russia isn't disconnected from SWIFT for 100%, but is disconnected for 80%. I think this will have huge repercussions for”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“A huge crisis in itself. And because of the Ukraine crisis, prices are starting to move up even more. So this is a huge social crisis. And we are a rich country in Northern Netherlands. Imagine what this will do with the people in countries like the Ukraine or the Eastern Europe where the standard of living is much lower. And here we can have subsidies from the government, but there are many countries and think about Africa or Asia where people can't get subsidies. So this is really killing also the purchasing power of many ordinary people. So this will be also a drag on the economy and the growth of the economy. So many problems come together now.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Well, Texas on energy are much higher in Europe than in the US. So if you look at petrol prices, we love to go to the US because there we can drive the big cars and hardly pay any serious money to fill it up. But here in the West, energy prices always have been quite high, especially because of all the high taxes. But to give you an example, we have a trader who's working behind me. He's just out now. But his energy bill has doubled in the last few months. I have a co-fund manager. His energy bill tripled in the last 12 months. And these are guys who can still pay their bills. But if you look at all the people who have lower incomes, they really need support now or they can't pay their energy bills any longer.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Annual longer, so this will give another push to the currency debasement and the inflation. So we reaching this spiral, which could very well turn into a spiral, which gets out of control. And that's when things really get messy.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Responsible for almost 10% of world oil production. So when Russia can't export this to the West because of all the sanctions, there will be a supply shock. Many predicted in this supply shock oil could go up towards 150, 200 dollars. And this will have a huge effect on the inflation. actually it's the perfect storm it all comes together so even without the crisis around ukraine we would see very very high energy prices and now we'll get this extra push pushing inflation up quite a bit more causing more debasement of currencies and and don't forget that many governments are now pushed towards giving more subsidies because people can't afford energy”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, well, when I wrote my first book on oil and energy, that was in 2007, 2008. And in that book, we predicted that we would need to have a worldwide revolution towards alternatives because you could predict that one day in the not too distant future you would see a top in the production of cheap oil, especially cheap oil. There's quite a bit of gas, especially in Russia. But even without the crisis in Russia and Ukraine, it was quite clear that the oil and gas markets would be quite stressed, especially oil. So oil was going up towards $100 also without this crisis. Now we have this crisis. Don't forget Russia is...”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Putin is still around, and he's not the guy who will throw in the towel. Because of all these sanctions, the Russian economy should collapse severely and everybody is waiting to see what will happen next. The repercussions for many of the commodity and metal markets will be quite large. Because if you look at the production of palladium, nickel, but also other metals and also soft commodities, there's a huge amount of soft commodities being produced by Russia and also the Ukraine. And many commodity markets have been stressed for quite some time now. So we see production deficits in quite a number of markets, palladium being one of them. Well, 40% of palladium production can't be exported anymore. You will have really a number of companies starting to panic because they simply need this product.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“The only thing possible for Putin in 2014-2015 was to reach out to China. And the Chinese said, well, we'll help you. So the US made their own enemy in that respect. And now by pushing the Ukraine towards NATO. They really pushed Putin in a corner and Putin is getting Putin really wanted to take revenge because of all of this. Putin is behaving in a way which is very dangerous now because he acts like a man who has not much to lose. Now the whole world comes together to punish Russia in a way that they will lose it all. I think if you have a bare cornered and the bear is wounded and he has only one button to push it's getting very scary. So I get this feeling that everybody's happy now that we're killing Russia in a financial economic way. But don't forget Putin something has to give.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Understand that if you punish a part of the world time and again with your currency, They will start building their own system and they will start to reject your currency. And if you study the analysis coming from China, Russia, and also the Middle East, they understand this very well. They understand very well how do you play them for decades. And that's why the IMF can't get any real business done in Africa or Latin America because these countries, you know, they're fed up with the US centered IMF and World Bank. So they look towards China now to get financing. So we're in a really difficult situation now because the compromise is getting harder and harder to reach. And we need the cooperation with the two sides to be successful in any... You reset, so it's not getting any easier now.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Very, very soon. You know, we in the Western, especially you guys in the US, not being personal. Yeah, yeah, yeah, sure. You know, you love sanctions and you've been using the dollar as a weapon and you've been using a financial system as a weapon and you've been using SWIFT as a weapon. Iran was once kicked out of Swift. But people should”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“That's where the big risk is, and that's where we are now. And that's why the position of China is so incredibly important because it's not about Putin. It's about will China support Putin. Because if Russia and China will keep acting in harmony like they've done in the last few years, both of them have stopped buying US treasuries. Both of them have been adding a huge amount of physical gold. So both of them are clearly preparing for the next phase of the monetary system where the dollar is no longer the anchor of the monetary system. So if China chooses to support Russia, things will get very, very tense.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Everywhere the soft commodities are going up, the wheats and the grains. And this clearly points to investors fleeing to all the government can't print. And when real estate goes up, stocks go up, commodities go up. When everything goes up in price, you should come to the conclusion that money is going down. The value of money is going down. This is not understood by many. So people talk about inflation, people talk about price going up, but they don't talk about the debasement of the currency. They don't discuss the value of money going down in a way which is really getting scary.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Well, we see it happening today. We see it happening this week. We had this huge crisis in the Ukraine starting. The dollar of the war started last week. And since the start of this war, we've seen almost every day all commodities going up in price. You have the precious metals. You have the monetary metals, gold and silver, the monetary metals. Platinum and palladium are not monetary metals, but are precious metals. The rise in the price of palladium is enormous because I think 40% of all palladium comes from Russia. But what we see now, and that's, I think, much more important, we see a rise of commodity prices.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Thousand dollars for every ounce. And we've seen that in the past. So it has monetary resets like this have been done in the past and we expect one in the future. But we could also see some other resets. A gold revaluation is only one of the possible moves they still can make.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“And if you look at the 1970s, the 1970s started with the gold prize of around $35 per ounce, and it ended with over $800 per ounce. That there was 20x. These kind of changes can happen, but they often happen over a short period of time. And I wouldn't be surprised to see the real move upwards for gold once central bankers decide to revalue gold. So this could happen overnight. We could have a meeting, emergency meeting of, let's say, the central bankers of the G20 on a Sunday afternoon, and they could decide and make public that from the start of trading on Monday, they are buyers of gold and they will pay $10.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Well, you can calculate that by going back in time. And there's a wonderful graph I often show on presentations. And then I show the increase of the money supply over the last 100, 150 years. And the other line shows the value of gold. And the value of gold always goes back to the amount of money created. But it always jumps. It doesn't follow the money creation in a constant way, but it always jumps much higher once in the 30 or 40 years. We've seen that in the 70s. We've seen it in the 30s, 1930s. And if you calculate the potential level of where gold price should rise to keep up with the growing amount of money being created,”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“And you've noted that you think the gold price has been suppressed, and you talk just now about how you think in the big reset, gold will be revalued to its proper market value. What do you think the proper market value for gold is?”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Way to not implode the system and to service all these depths is to have interest rates close to zero. But now the inflation is picking up and they're discussing whether they should raise rates with a quarter or half a percent. They should discuss if rates would need to go up 4 or 5 percent. But that's impossible. So in a way the central bankers are trapped and a quite well-known Dutch central bank, Alex Hogodain, who left the Dutch central bank and is quite open now. You can follow him on Twitter. He stated this perfectly clear. The central bankers are trapped and that's, of course, a very, very serious situation.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Well, when we had this crisis in the 1970s and it was after taking the dollar of the gold standard in 1971, we had this era, this decade of inflation and also debasement of currency and of course gold was revaluing because of the market forces and then the crisis was so large. It was really a distrust around the dollar system. So something had to be done and then Paul Volcker he jacked up the rates to 20% what was it in June 1981 and by doing that he saved the dollar he saved the current financial system and then rates have been coming down ever since but now it's impossible to raise rates again to levels near 10% or even higher because the mountain of debt is so enormous that the only”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Watch is when institutional investors are starting to sell sovereign bonds. And of course, we all know after decrease of interest rates for over 40 years, there's not much money to be made to invest a long-term investor in bonds. So we've seen the first pension funds also here in the Netherlands who start to sell some of their bond position, bond holdings, and exchange these positions into equities or even physical gold, as we've seen with one of the pension funds here in the Netherlands. So these are all signs that the stress is getting really serious. And it's not a problem for the system when one or two percent is starting to flee out of bonds. But as soon as five or ten percent of the investors are starting to follow that, then you have a real serious crisis right away.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“One seems to be getting closer and closer. So if inflation is really picking up and is reaching a point in which the yearly inflation is running towards 10% or even higher, I call this a superinflation. So everybody's always talking about hyperinflation, but hyperinflation is very scarce. That doesn't happen very often. But superinflation, where you get inflation rates of 10%, that's happening in a lot of countries. And once more, more investors are starting to sell bonds, exchange bonds, and buy all the government can't print, then you don't have much time. So then you really need to start planning how we can save this system. So another thing.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Well, there are three main problems within the current system. So we need to find a new anchor for world's monetary system. And I predicted in 2014 when I published the big reset that around 2020.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“They always need more money, they always want to bring more money, they always want to see more stimulus, especially when the crisis occurs. And in the end, you end up with a currency which has lost literally 98% of its value since the start of the Federal Reserve in 1913. And then you reach the point that people get are getting scared and they only want to invest in anything the government can't print. And that's when we see this huge inflation versus starts with asset inflation and now we see general inflation. And that's the end of the road. And that doesn't mean that everything will collapse. Central bankers, they know this as well. You need to plan a monetary reset. You need to plan to bring gold back into the system or do anything else to bring. Back into the system.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“It was backed by gold. And over time, the US printed too many dollars and they lost half of their gold because they had to promise in 1944 at Bretton Woods that other countries could always exchange surplus dollars for gold. And this happened quite a bit in the 1960s. So in 1971, President Nixon, he chose to close the gold window. So from that moment on, the dollar was no longer backed by anything tangible. And we saw this incredible increase of debts and an awful money creation. And this has been ongoing for the last 50 years. So the debasement of currency means that the currency is no longer backed by anything valuable. And central bankers and commercial bankers, you know,”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“If you study the anchor of monetary systems, then you'll see that every 60, 70, 80, 90 years, there's a new world reserve currency. So we used to have the British Empire, and then the pound sterling was the main world reserve currency. That ended at the start of the first world war. Before that, we had the Dutch Guild, we had the Spanish. every generation we see a new world reserve currency. And what we often see is these new world reserve currencies, they start strong. For example, at the end of the Second World War when we had the Bretton Woods conference in 1944, the US proposed a plan to use the US dollar as the anchor for the world's financial system. But they promised the world that the dollar would be as good as...”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“And that's what happened after the Lehman crash first in 2008. And now after the start of Corona early 2020, we've seen an incredible amount of money being added to the balance sheets of central banks. And this is the reason why inflation is picking up now. So the system really becomes stressed. And once a system gets stressed, the central bankers can only do one thing and lower the interest rates towards zero. And then they're trapped. And that's where we find ourselves now. And that's a very dangerous situation.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT
“Well, when you study monetary history, you learn that we've had several hundred of currencies in the last few hundred years. So there was even an appendix in the big reset, which we published. And this appendix shows that over the last two, three hundred years, more than 100 currencies failed and they all failed due to the fact that they were fiat systems, there wasn't any gold backing anymore. So it's a guarantee that a fiat money system fails in the end. Most people are surprised when they hear this. So it's not that difficult to predict that the current monetary system will have a lot of stress once the debasement of currency gets into a higher.”
2022-03-10 · Forward Guidance · Gold to $10,000 in The Big Reset | Willem Middelkoop · IDENTIFIED FROM THE TRANSCRIPT