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.

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Claudio Borio (BIS Chief Economist) Says Global Central Bank is "Out of the Question"

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.  . . . . 

Willem Middelkoop: OMFIF Report Says China Talks about Bretton Woods Issues

Willem Middelkoop has just published a new blog article in which he shares the contents of a recent OMFIF publication. The OMFIF is one of the leading sources of information on the topics we cover here and Mr. Middelkoop is on their Advisory Board.  . . . .

Jim Rickards vs. the BIS - Are they in Conflict on a Global Central Bank?

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.

The first article referenced a recent interview by BIS Chief Economist Claudio Borio. In the interview Mr. Borio states directly that a global central bank is "out of the question." He adds that a global central bank is "neither feasible or desirable." 

The second article reported that Jim Rickards has seemingly issued a hard date to watch for some key events in his "global reset" forecast to come to fruition. As a reminder, Jim has predicted another major financial crisis (worse than 2008) is coming. He has said that this crisis will be too big for the US Fed to handle. He has predicted that all this will lead to the IMF stepping in as a type of global central bank using the SDR to deal with the crisis. He has said this will lead to a devaluation in the US dollar when this happens. He has advised people to prepare for these events.

So, does this prediction by Jim Rickards conflict with the "global central bank is out of the question" statement by Claudio Borio?  Let's take a look at it. . . . . 

Nomi Prins: Fed Scared to Raise Rates

Nomi Prins does a new online interview with Greg Hunter and she talks about the problem the US Fed now has regarding what to do with interest rates.  . . . .