U.S. Secretary of the Treasury Scott Bessent publicly challenged the International Monetary Fund (IMF) and the World Bank, accusing them of “mission creep” and calling for a rebalancing of the international financial system. While the headlines may focus on global policy debates, the deeper message is clear: the dollar system, as we know it, is breaking As Taylor Kenney explains, the system that holds your savings, retirement, and financial future is undergoing a fundamental transformation—and it’s time to prepare.

A Quiet Admission: The System Is Broken

Scott Bessent’s remarks were framed as a call for reform, but the implications run deeper. His criticism of the IMF and World Bank—two institutions born out of the Bretton Woods agreement to maintain a dollar-dominated world order—suggests a growing realization in Washington: the dollar’s global dominance is slipping.

Bessent emphasized that these institutions have strayed from their original missions, prioritizing social and environmental agendas over economic stability. But what he’s really saying is that the infrastructure supporting the dollar is no longer fit for purpose.

Rebalancing or Reset?

Bessent’s call for a “rebalancing” of the international monetary system sounds strikingly similar to what others might call a reset. It’s a strategic rewording, but the implications are monumental. As Taylor Kenney puts it, “You can hear that the current system is broken.”

From rising distrust in fiat currencies to mounting trade tensions, the global economy is pushing back against dollar supremacy. Even the IMF, which was historically aligned with U.S. interests, is inching closer to countries like China. The result? The rules of global finance are being rewritten—and the U.S. is scrambling to regain control.

Gold’s Role in the Next Financial System

While Bessent didn’t explicitly advocate for a return to the gold standard, the subtext is hard to miss. “We must make the IMF the IMF again,” he said. But how can you revive an institution or a system without returning to the principles that made it trustworthy in the first place?

For Bessent, and many at ITM Trading, restoring trust likely means returning to tangible, historically-backed assets like gold. As faith in fiat erodes, the role of gold becomes not just relevant but essential. A gold-backed currency, or at the very least a gold-supported strategy, may be the only path to restoring global trust in the monetary system.

Why This Matters to You

This isn’t just a theoretical debate about global finance—this affects your savings, your retirement, and your financial independence. As the world shifts away from the dollar, those who fail to adapt will find themselves at the mercy of a collapsing system.

Kenney stresses the urgency: “Those who are stuck in the old system, when the transition happens, will be the ones who lose everything.”

What Comes Next

The transition won’t happen overnight. As Bessent acknowledged, “America First does not mean America alone.” But the acknowledgment that the U.S. must cooperate to maintain trade flows underscores how fragile the dollar’s position has become.

Trade is the lifeblood of the dollar. Less trade means fewer dollars in circulation globally—and that means declining influence. The U.S. must walk a tightrope: asserting control without isolating itself from the world economy.

ITM Trading: Preparing You for What’s Coming

At ITM Trading, we understand the signals. We’ve seen the cycles. And we’ve spent over 28 years helping our clients navigate economic uncertainty with tailored strategies rooted in physical gold and silver.

Taylor Kenney reminds us: “Even if you don’t buy gold and silver from us, we highly encourage you to have it.”

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