We are at the end of May for this blog which began at the first of this year. I started the blog for a couple of reasons. One is that there was a lot speculation/buzz at the first of this year that some type of "global currency reset" would take place in 2014. Secondly, I wanted to collect articles relevant to the topic of major monetary system change in one place as an archive (see the right hand column for list of prior posts).
Now we are nearly midway through 2014 and as events have unfolded, it appears less likely that anything major will change in 2014 even though a sudden global financial crisis is still possible to arise at any time. This is because of the inherent instability of the system itself. Jim Rickards uses his "snowflake" analogy to explain that when a system is unstable any new snowflake could be the one that triggers an avalanche. But he points out that no one can know which snowflake will be the trigger (no one can know precise timing).
With all that in mind, we have continued to capture what we feel are the major news articles and events around the world that are leading to eventual major monetary system change. We don't try to force a conclusion or predict timing here. We go where the available evidence leads us.
Right now it suggests that major change is NOT imminent this year, but events unfolding this year seem to be setting up 2015 as a year where significant changes could begin because of actions in motion by the BRIC nations (Brazil, Russia, India, China and South Africa). They are increasingly moving away from the IMF and World Bank and working on serious projects to by pass those institutions and also the US dollar as global reserve currency. We follow those events closely and if you read through the linked articles here you will see it plainly.
If a crisis suddenly arises or events quickly change, we will try to be on top of that as quickly as possible and will post that information here for readers as quickly as we can (this blog is a hobby and not my source of employment).
Reviewing the stats for this blog we see that we continue to get a lot of new readers here from all around the world. The blog now has over 25,000 page views and regular readers from over 20 countries around the world. More than anything we ever imagined. We thank our readers and hope you find the information here useful and will recommend it to others.
This site is free and will always be free. We don't even allow ads to run on this site. The purpose of this site is to be a free resource for everyone interested in this topic.
We also are happy to post articles submitted by readers so long as they relate to our topic here. We have a number of high profile readers who do send us articles to look at. They also give us some updates on things happening behind the scenes (some of which we cannot publish at their request). But this information does factor in our view that major change is not imminent this year. However, we do think a lot of things are in progress that will lead to major changes eventually.
We are very picky as to what articles we will post here. We try to avoid hype and speculation that we see around the internet quite a bit.
We will post some speculative theories if we think the author has presented a solid factual basis for the theory. That is why we post a lot from Jim Rickards here. We feel he is the best source right now for fact based information on this topic along with a few others. Rickards tries to minimize speculation and emphasize factual data and analysis.
For the next week I do not anticipate running as many articles unless some news breaks that changes our view on current situation as I will be tied up on some other activities the next week or so.
If you are a new reader, I suggest looking at our most recent posts below related to the May Bretton Woods annual Meeting. They explain why we think major change is not imminent right now. This can change at any time and if it does, we will post that here as soon as possible.