Willem Middelkoop argues that the world is already in a monetary reset: the dollar system is fragmenting, gold is re-entering the institutional conversation, and geopolitical conflict is accelerating the shift. He remains bullish on gold, silver, uranium, and commodity equities, while warning that war, inflation, and sovereign/bond stress are the main risks.
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This interview centers on Willem Middelkoop’s thesis from The Big Reset: the international monetary system is gradually moving away from a U.S.-dominated, dollar-centric order toward a more fragmented, multipolar structure. He stresses that this is not a binary event like Bretton Woods or the Nixon shock, but a slow process that is now becoming visible through bifurcated trade blocs, central-bank gold buying, and growing institutional acceptance of gold. Middelkoop says the world is moving from a hoped-for cooperative transition between West and East into a confrontational phase. He links current tensions in Ukraine, the Middle East, Iran, Venezuela, and the South China Sea to a broader struggle between the U.S. and China over monetary dominance, trade settlement, and access to strategic resources. …
Tactically, the setup is constructive for gold and related hard assets while geopolitical and energy disruptions keep inflation and rate volatility elevated. The main near-term risk is a bond or oil shock that forces a faster repricing than consensus expects.
Over the next few months, the more likely path is continued fragmentation of the currency system with gold gaining wider institutional acceptance. Confirmation would come from persistent central-bank buying, more bank research endorsing gold, and continued strain in sovereign or energy markets.
Structurally, the interview argues for a regime change away from dollar dominance toward a multipolar, hard-asset-backed trust system. If that framework is right, gold and scarce commodities remain the durable beneficiaries even after the current geopolitical cycle passes.
The global bifurcation and monetary reset are already happening.
He says the reset is not future tense but underway now.
The US cannot win a war in the South China Sea and has not won an Asia war after World War II.
This supports his belief that US power is constrained by military realities in Asia.
The post-1974 petrodollar system has been weakening as Saudi Arabia moves closer to China.
He cites Saudi oil sales to China in yuan/RMB and broader Gulf shifts.
How does he think the international monetary system is changing, and will it happen as a sudden shock or a gradual process?
He says the shift in the international monetary system takes time and is unfolding gradually rather than as a binary event. He expects less U.S. and dollar dominance, more multipolarity, and a reintroduction and revaluation of gold.
Will the dollar collapse, or remain part of the system for years to come?
He argues the dollar will not collapse outright; instead, it will persist for one or two decades even as its role declines. He compares this to the British pound surviving after the British Empire.
Does he expect the next monetary transition to be more gradual and multipolar rather than a single Bretton Woods-style shock?
He says yes, the world appears to be moving toward a multipolar setup in which multiple currencies may gain reserve status without one dominant replacement. He frames it as a process, not a one-time shock.
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