Based on all the information sources I follow including the experts who help me out here I have come to the conclusion that we are not likely to see any major monetary system change any time soon unless we do get another major financial crisis. By major crisis I am talking about something worse than 2008 that would so disrupt the present system that change had to take place.
While the conditions for such a crisis do exist and it's possible to have one at any time, it's also possible we will not see one soon as well. Because of this situation, I have concluded that it does not make sense to continue to produce daily articles here on the blog so tomorrow will be the last daily article here.
I will continue to monitor events to watch for signs of another crisis. If one does arise I will certainly cover that. I may write a summary update type of article every now and then if there are enough meaningful events to warrant that.
This has been an interesting journey for me. I started out with a lot of questions and a feeling that we were on the cusp of some major changes in the monetary system. I had no inside sources of information to help with answers. Over time that changed and I did get more and more input from what I believe are highly reliable sources in a position to know the situation. I am now satisfied that I have the answers I was searching for.
I have been writing for some time now that there were two main questions to follow:
1) Will we get another major financial crisis worse than 2008?
2) If so, will that lead to a more prominent role in the SDR used at IMF replacing the US dollar as global reserve currency?
I still believe those are the key questions, but as I have learned more I now feel that we are not likely to see any kind of major monetary system change such as the SDR replacing the US dollar any time soon unless we do get a major crisis. Beyond that, if we do get such a crisis I am now not sure at all that we would see SDR be accepted as a replacement for the dollar. It's possible, but by no means a certainty.
This means there is really only one important question left to follow here and that is whether or not we get another crisis. Since that is an unknown and the timing would be impossible to predict, it just did not make sense to me to continue producing daily articles. I encourage readers to continue to stay alert and monitor events.
I want to thank the readers here and the experts who have helped me out. All the information provided has been extremely helpful and improved the articles that were written here. I will of course leave all the research done here up on the right hand side of the blog here, here and here to be available to anyone who can use it. Best wishes to all!
Thank you for your energy and hard work in producing a reliable source of information that gave me a macro picture of value.
ReplyDeleteYou are most welcome! I am glad the information was helpful.
ReplyDeleteThank you Larry for all of your hard work. I have learned a lot with the valuable information that you have shared. I will continue to check back from time to time for updates. Take care.
ReplyDeleteThank you Glenn! Much appreciated.
ReplyDeleteWell done Larry. You have opened many people's eyes to the reality of the crisis that is well under way. All the best for the future. You will still be on my daily list of sites to keep an eye on just in case you have a change of heart. If we don't hear from you I guess 'they' have successfully kicked the can down the road. If we do hear from you I guess we should all be afraid.
ReplyDeleteThank you for the kind words. I wish I really had that kind of insight as to know if true crisis is underway :) I can't tell you how much I appreciate your comments. I will certainly write an article if something comes up that is significant if I think it can be useful. And I am always available by email if someone has a question and I can possibly be of help. Readers like yourself are what motivated this blog and if the information has been helpful in any way, it's a great encouragement to me. Thanks again!
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