Since the 1940s, the global monetary system has radically changed three times: "Bretton Woods one" in 1944, when the U.S. dollar was attached to the gold standard. Then, "Bretton Woods two" in 1971, when Nixon took us off the gold standard and the dollar was semi-attached to oil. And in March of 2022, "Bretton Woods three" has just begun, Glenn Beck explained on the latest episode of "GlennTV."
"This is going to change everything about your life, everything that you think you know about America," Glenn warned. "The global financial system and everything we've grown accustomed to is going to fundamentally change. No matter how it all shakes out, your dollar will not be the same. Your purchasing power will be much weaker than it is today, and I believe we have a matter of months, not years, before any of this takes place."
Glenn played a clip of President Joe Biden 's alarming speech last week in which he warned that the "world economy" is shifting toward "a new world order."
“We’re at an inflection point, I believe, in the world economy, not just the world economy, the world, [that] occurs every three or four generations,” Biden said. “And now is a time when things are shifting. We’re going to — there’s going to be a new world order out there, and we’ve got to lead it. And we’ve got to unite the rest of the free world in doing it,” he added.
"[Biden] was talking about a shift in the world economy," Glenn said. "He called it an inflection point. He said it happens every three or four generations, roughly 100 years. But we're actually on a cycle that lasts 30 to 50 years: Bretton Woods one1 in 1944, Bretton Woods two in 1971, and now Bretton Woods three. Mark the date for the history books, Bretton Woods three just occurred and a new world order is taking shape."
Glenn went on to break down how the G7 countries shut off the Russian Central Bank's access to nearly all of its $630 billion in foreign currency reserves and how that affects the entire global economy.
"[Chairman] Mao once said, 'there is no construction without destruction' and that's what's happening to the financial system this month," Glenn explained. "The Global financial elite ... it's almost like they want everything to come crashing down. They want the destruction in order to commence with reconstruction."
Watch the video clip below or find the full episode of "GlennTV" here:
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