A Review of September/October - Most Popular Articles
Despite many predictions of economic collapse and financial system crisis for the September/October 2015 time period, nothing significant happened along those lines. However, there were several articles we ran here on the blog that were very popular. Below are links to the most popular ones.
Claudio Borio is Head of the Monetary and Economic Department at the Bank for International Settlements (BIS). Recently he conducted an in depth interview on a wide range of topics. One of the big questions that we have raised here on the blog is whether we might some day see a global central bank using a global reserve currency. Jim Rickards has talked about the IMF perhaps some day stepping into this role.
So, did this question come up in the interview? Yes it did. The question was asked directly to Mr. Borio. His answer was "No, this is out of the question." So there you have it directly from one of the most influential and knowledgeable individuals in the world. . . . .
In September we ran two important blog articles in relation to what we cover here on the blog. This blog is devoted to watching for major monetary system change that would impact the average person in a direct way that they notice in their daily life. A crisis that leads to the IMF using the SDR to replace the US dollar as the global reserve currency would certainly qualify as the type of major change that would impact the average person. Our two recent articles relate directly to this issue.