Jim Rickards did this interview with RT on Thursday. For his comments you can skip to the 4:30 mark on this video. Jim discusses the situation with the the dollar and the monetary system in general. He repeats that he views the overall system as unstable and vulnerable. But he also says he cannot predict any timing for a crisis. He says the way the system is today it could happen next month or next year or in 3 years. He also offers his views on what can be called money.
I did some independent research this weekend regarding the IMF and how they might handle another crisis in the future if one does take place. I will do an article on what I found later this week.
My research turned up some surprising information (at least to me) and also offers some rays of hope. There are legitimate worries about the system and its stability (as Jim Rickards points out in this interview linked above). But I think it is a mistake to think that no one in authority realizes the risks. Or that they have no plan B available in the event another crisis does unfold.
Whether you agree with organizations like the IMF, the World Bank, and the Central Banks themselves, I think it would be a mistake to think they have no tools left to work with. And one of their biggest tools still available might surprise people. None of us can know for sure how the future will unfold. But we shouldn't assume that it has to be something bad coming our way. Sometimes things have to change to move forward. Change doesn't have to be bad.
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