A New Gold Standard: Will It Be Orderly Or Chaotic?

A New Gold Standard: Will It Be Orderly Or Chaotic?

Jan 10, 2020 | News

Over the past century, monetary systems change about every 30 to 40 years on average. Before 1914, the global monetary system was based on the classical gold standard. Then in 1945, a new monetary system emerged at Bretton Woods. I was at Bretton Woods this past...
There’s A Major Banking Crisis Unfolding In China

There’s A Major Banking Crisis Unfolding In China

Jan 1, 2020 | News

The Chinese government isn’t exactly famous for its honesty and transparency. So when the Chinese regulators are starting to openly report trouble in their banking system, it’s time to take notice. According to the People’s Bank of China (PBOC)’s “2019 China Financial...
WHY A “CRYPTO-YUAN” WON’T THREATEN THE DOLLAR

WHY A “CRYPTO-YUAN” WON’T THREATEN THE DOLLAR

Nov 14, 2019 | News

A state-owned cryptocurrency is, in itself, a contradiction in terms. The main reason why citizens want to use cryptocurrencies or gold is precisely to avoid the government or central bank monopoly of money. For a currency to be a world reserve of...