Transcript of the above video: 

As the title of this video suggests, well we're discussing the term "Reset" to one degree or another. And as you can see the thumbnail, we're talking about announced recent changes with regard to Tariff Policy by Donald Trump and how this is "resetting" things. 

Let me be very clear. First of all, we have talked about this notion of reset for some four or five years now I want to say, going back into COVID. I first sort of came upon it when I discovered and then ran down the terrible rabbit hole, that is the question, 'What is the World Economic Forum? What are they all about? And you go down that rabbit hole and you're like “oh good golly!  Wow it ends with "you'll own nothing and be happy". The point I'm trying to make is at first when I heard the word "reset", it brings up all kinds of things that causes my brain to go in all kinds of different directions. Then there are other things going on in the background where you're hearing things talking about like things like a currency reset or a reset of the international trade order or things of this nature. So, I want to be real clear about what I'm talking about here is one) I do think that a reset has occurred with regard to Global Economics. I do not know exactly what that means; I don't know what this system is exactly. I would almost go back to like basic level political philosophy, getting back into Leviathan and Thomas Hobbes where we are in the state of nature, sort of war of all against all. That's kind of how I always sort of start my presuppositions about okay where are we at? We are in a reset, where does that leave us?

Now I'm not saying that things are just suddenly changed overnight. No there are trade relationships and legalities, and things of this nature, systems don't stop on a dime, not my point. The point I'm trying to make is I think Trump's announcement of these tariffs - think of them whatever you will, I'm not going to talk about the merits of them or argue in their defense or against them - but I just think that the act of doing it is a marker in time now where we clearly see, "hey whatever the future economy is going to look like, it's not going to look like call it the past 25 years, the first quarter of this century. It's going to look different." Is it going to be markedly different? Is it going to be like so different that our grandparents would not understand what we are dealing with now? Well to one degree or another that has already occurred, so where do you measure that on the spectrum?

That said, that is sort of a broad conceptual notion. There has been a lot of push for a lot of this Central Bank Digital Currency which I find terrifying for a variety of different reasons, most notably Totalitarian Financial Surveillance which I think would be terrible for everyone. I think it would be economically devastating for Southeast Asia by the way. I think all of that Fintech and sort of WEF, "you own nothing, and you'll be happy" nonsense, sharing economy, no real money, I think that would just decimate Southeast Asia. I think it would be terrible; I think it would turn back the great progress that has been made especially in terms of overall poverty in Southeast Asia lo especially these past 25 years. So, I'm hoping that whatever this reset is, it's positive for all concerned, but that said, this Currency Reset I think is a dead letter. I think we are going to actually see more currency issues like we saw 100 years ago than this Buck Rogers stuff, "oh it's all going to be digital, and Bitcoin reserves, and this, that and the other thing, I just don't see that as being the feasible thing moving forward, which brings me back to the word "Reset". 

Another guy who talks a lot on YouTube but is not what I would call a "YouTuber" per se, a gentleman by the name of Bill Holter - I have listened to him for years - I'll try to go ahead and put a link up in the description below to one of Mr. Holter, H-O-L-T-E-R is his last name I believe, Bill Holter and I'll try to put a link up in the description to something by him, so you can get his information, and listen to what he has to say. But he brought up something a couple of years back that was very prescient to my mind. He said there is going to be two resets. He said there's going to be them trying, and by "them" I think he meant what we effectively and "affectionately" - in quotation marks - refer to as the World Economic Forum, the WEF. He said they are going to try one reset, it's going to fail, and then there's going to be the real reset. What are we talking about here? Well they tried this Currency Reset, and places like Thailand, thankfully, and I knew ultimately once Thais recognized what all this “Digital Money” nonsense is, they would be like "yeah no we're not interested in going into a bunch of debt, so you can say we owe you. No, we are not going to do that." Thais got it. I love seeing the lights, like not go on, but when Thais recognize a foreign concept especially what it's something aimed against them and this sort of the lights and they're like "oh this is horrible for us, no we're not doing that." It's just an instantaneous thing and I think that is sort of there with regard to at least the concept of Digital Money. I'm not talking about using digital platforms. I am talking about this concept that the money itself is digital, that is nonsensical. That being said, that was the initial “attempt” if you will to my mind of a reset and that's what Mr. Holter was talking about. Now we're seeing for lack of a better term, the real one and Trump's announcement regarding these tariffs to my mind marks the time, again not getting into the substantive analysis of these tariffs themselves, just his announcement to my mind marks the moment that we're now seeing what can only be described as the real reset. For anybody that is looking for analogous history on how to look at these things, one guy to listen to, to my mind, is a gentleman by the name of Jim Rickards. He has written a number of books but in them he talked about one of the last major events that I think was similar to this which was the Plaza Accords and there was also I think the Louvre Accords I think, but this was the last time you saw a major sit-downs amongst the major powers of the world to discuss International Monetary Policy.

I think we're likely to see a lot of that stuff moving forward and I think Mr. Trump's announcement regarding tariffs marks the moment where this change in paradigm if you will begins, and we start to see real tectonic movements internationally, but I think it's going to be really interesting in terms of Southeast Asia. It's going to have both positive and negative connotations but with regard to the United States and Thailand, I think there are a lot of interesting opportunities that will likely arise in the forthcoming months and years.