call for a new bretton woods we've seen the world economic forum you know which is just a group of rich guys and bankers. yes and you know treasury secretaries who meet up and down most every year and they want a great reset i remember max and i here on price report kind of signaled something like this back in like 2011 when they met you know in doubt those as the economic crisis was still happening we were still deep in the 22002009 financial crash and they were saying we need 100 trillion dollars of new debt credit right. which only caused all more inequality more of the strife underlying strife that was there so you know those sort of bodies do you want to create and always have like wherever chaos is following wherever you know systems are falling apart they're always there with you know their wacky ideas like get ready for a world currency which is the new brand was like there they're coming up with that again it's also weird that like if you if you say this like that's considered a conspiracy theory even like they're the ones that say they say things they put it on the front page

sit down with the g. 20 nations or cheese 7 nations and they will do a bretton woods like reset of the global economy and they're going to do it based in large part on gold and gold ownership but i would say this to turkey and to every other current country that's thinking about this when you sit down to the reset table with tristan what are as much because in your back pocket as possible to give you leverage otherwise you're going to get creamed you're going to walk away from the table massively under on happy maxa still in a pre christine legarde to the e.c.b. she said that you see requests from the i.m.f. and. i don't even know we don't like who pays attention anymore right you have big point you don't need to pay attention let me revise this to when you sit down at the table for the global reset the new print noise with whoever is running the i.m.f. at the time. if you don't have any bitcoin in your back pocket you're going to be miserable because that's the only stick you have to leverage that's right i mean i think gold will play a part in that as well so there is that gold will

kristalina: at the end of the second world war in a beautiful place in new hampshire, called bretton woodsenlightened leaders came together and said we have to help the world not get into war. and to do so, we need to help the economy to perform better. and they created these two sister institutions. the imf, with a mandate on financial stability, growth, and employment. and the world bank, to invest in reconstruction of then-war-torn countries. david: so your job at the imf is to, let's take a country that has financial problems. their economy is weak or they have other crises. you can help them through that difficult time by lending them money. right now, you have about $270 billion outstanding. do you actually get paid it back? kristalina: the loans we provide are with very attractive interest rates because the members extend help to each other with a helping hand. for the poorest members, we charge no interest. these are much softer than traditional imf loans. countries pay us back. the poorer countries have longer maturity and longer time to serve their loans to us. but, what matters

is demanding a new bretton woods now what does this mean michael what can we anticipate we're going to have to tie theaters he says something i believe it will be gold i'm sure you believe it will be some kind of cryptic currency but the idea that a central bank central bank that belongs to the world's reserve currency. could one time in their lives spend trends $85000000000.00 a month and we thought that was off the wall now they're printing $120000000000.00 surcharge sitting on or in $20000000000.00 if you know what each and every month. it is absurd so grab the thinner central banks and some fashion i've already given the link one each a gold if you who probably say bitcoin well here's one thing we can do the children families are that's shorter to originally 913 to be an emergency lender of last resort and then more earth and evolve into an organization that is now supporting really state stocks trade yuri's it. can sure abandon it and now is even going to be charged with ending racism so we need to fetter the central bank for sure frei because a sam's like the central bank has bec

a nervousness over the yea rs has been a nervousness over the years that brexit has taken the bretton woodsn countries and undermine that unity, and because ultimately, if she does make concessions, — she still has to turn back to the member states to turn back to the other initially in a strong enough to spot? france could veto a ny enough to spot? france could veto any deal, especially on the aspect of fishing quotas, but mostly, the 27 countries in the eu have been sticking together, they have remained fairly unified, and the only real, one of the areas where they think they could be negotiation is on the fishing quotas, access to uk fishing waters, they could be movement there, it is the other two, the competition rules in the governance areas that will be the difficult wants to negotiate. they say politics is the art of the possible, so let's see what they come up with. stay with us on bbc news, still to come: why bob dylan is selling his entire catalogue of 600 songs. john lennon was shot at the entrance to the dakota building in the centre of new york. there's been a crowd here stand

moron now let's talk about this there's a new bretton woods how do you think china will demand it when they all get together for this if you will where max security systems that are complete pressure now on the c.s. is done a complete wreck or the world's been printing money for decades and decades it's now on completely out of control you've got money supply you know that have increased 3040 percent year over year we're really starting to see the final supernova explosion of the system we're going to go to a new britain with its people you know there's a lot of people there talk about global s.t.r. or global currencies but you can't even get the european union to agree to a common currency so or policies towards that you know towards their you know their monetary system so i highly doubt we're going to see further global coordination on monetary system in britain would if you do see anything china's going to take you know they've been taking in larger and larger shares of global institutions voting rights you know these types of things so i think we're going to see a for a we're going