The claim that the US is pushing for the “Great Reset” to restore the gold standard monetary system is false. This claim was made in a YouTube video by a Filipino channel with over a million subscribers. However, the Great Reset is actually a proposal by the World Economic Forum (WEF) to revamp economic and social systems for a more resilient post-COVID future. It is not an initiative of the US and does not seek to restore the gold standard monetary system.
The WEF’s Great Reset agenda aims to steer the market towards fairer outcomes, address social issues through investments, and harness the innovations of the Fourth Industrial Revolution to address public concerns. Nowhere in the WEF’s proposal does it mention the restoration of the gold standard.
The article referenced in the video does not mention the gold standard either. It is not even about the WEF’s Great Reset, but rather a reference to a “great reset” in the workplace related to employee retention and work flexibility.
The term “Great Reset” has been used by the WEF in various contexts, such as a book co-authored by Klaus Schwab, the launch of an initiative in 2020, a podcast, and several WEF events. This vague meaning has spawned false claims and conspiracy theories.
The gold standard is a monetary system where a country’s currency is tied to a fixed quantity of gold. However, no country currently uses the gold standard. The financial system shifted to the fiat monetary system in the 1930s, and in 1971, the US decided to remove the tie between the US dollar and gold.
Overall, false claims about the US pushing for the Great Reset to restore the gold standard have been spreading on social media. It is important to fact-check and verify information before believing and sharing it.
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