A previous post learned about the outlook George Soros expressed on the future during the Bretton Woods Committee Annual Meeting 2015 and the role the Bretton Woods institutions could play in this. This post will highlight some of his statements. The main proposition is that the world is in a situation “where international cooperation is in Read the full article…

Rumours about this had been running for a number of years. We already knew China wanted the build the ‘largest gold reserves, in the shortest possible time’. But now we know ‘storing gold by the people’ is part of their strategy. Proof of this we found on the website the People’s Bank of China in an interesting Q&A Read the full article…

Zerohedge published this interesting article: Then last night, none other than BofA’s Michael Hartnett who is one of the very few strategists out there who “gets it”, issued a report warning investors to “anticipate a massive policy shift in 2016” which would be a DM/EM mirror image: in the US/EU/Japan from QE to fiscal stimulus Read the full article…

We have found some new confirmation China is discussing a reset of world’s financial system with other ‘leading countries’, just like was done during the Bretton Woods Conference in 1944. In an OMFIF-publication, the second highest ranking Chinese banker within the IMF, Dr Jin Zhongxia stated; ‘The topics currently discussed among the leading countries are not significantly Read the full article…

One day the current fiat dollar reserve system will have to be replaced with something new, probably the IMF’s Special Drawing Rights (SDR), with or without some form of gold-backing. The SDRs, a new form of international reserve assets, were designed by the IMF in 1969, to take over the dollar’s role as a world Read the full article…