Policy Research in Macroeconomics

The Future of the International Monetary System – Gold, SDRs, or More of the Same?

Upcoming debate – Ann Pettifor and James Rickards

The international monetary system has come close to collapse twice in the past twenty years. The first time was the Asia-Russia-LTCM crisis of 1997 – 1998. The second time was the U.S. mortgage and global liquidity crisis of 2007 – 2008. Another crisis should be expected soon; perhaps in a few years, perhaps tomorrow. In 1998, Wall Street bailed out a hedge fund. In 2008, central banks bailed out Wall Street. In 2018, or even sooner, who will bail out the central banks? Will the IMF’s special drawing rights have a role? Will gold return to the monetary scene? Will the dollar remain dominant?  Will the Chinese yuan rise to displace the dollar? Prominent experts Ann Pettifor and James Rickards debate these issues and give the audience a sense of the shape of things to come.

The debate will start at 6.30pm on 30th November. It will take place at the Royal College of Surgeons, 35-43 Lincoln’s Inn Fields, London, WC2A 3PE.

This event is free and not ticketed. Places will be allotted on a first come first serve basis.

6:30- 7:30pm: Debate

7:30pm- 8pm: On Stage Q&A

8pm: Book signing by Jim Rickards

For any further information contact: [email protected]

10 Responses

  1. @Mr M S Dave,

    With the greatest respect, if you start digging you’ll find that the real manipulators of terrorism and drugs are the same manipulators of the monetary system…try going further down the rabbit hole!

  2. To-date, I held Mr Rickards in v.v. high esteem for his analatic writings. But after reading his mis-guided/ wrongly interpreted understaning about India’s "BLITZ" on Rs.500 & 1000 notes, I won’t bother attending. Majority of the locals & NRI’s consider this master stoke as an "ATOMIC STRIKE ON TERORISTS’ HOARD OF FORGED AND REAL CASH" hidd ing within Pakistan and eleswhere. Same goes for the "BRIBE- MONEY" HELD BY DRUG CARTELS AND BENT POLITICIAN within India.
    Wake up Mr Rickards and remove those half-baked truths from you windscreen.
    Yours truly, ONE IN THE KNOW.

  3. Cant make it as live too far away I zlso second the motion regarfing the evening being recorded on you tube

    Sandra Straw

  4. Please can this be "you tubed" or "facebooked" etc as many of us are unable to attend but very interested to hear Jim’s take on UK situation – I note the main stream UK media murmurings today that the UK banks are not equipped to handle another crash….perhaps we are being subtly prepared for this collapse by even mainstream media?!

  5. I also second JD in Chicago. Attending from Greece is not really an option. Any chance of a recording being put on-line?

  6. Since I cannot attend, I put these questions to the panel for consideration. Hoping there is some kind of recording of this event!

    • If gold is a chameleon, what are its colours since the $100 dollar fall after Trump’s election?
    • If like a zero-coupon bond, are expectations bond yields rising faster than inflation?
    • If like money, will Indian gold spot stay higher than the global spot after Modi banned cash
    • If like a commodity, is demand expectation from a possible Indian import ban more important than December 2016 clarification of Muslim law on gold investment
    • If like a safe-haven, why did it fall $100 when Italian banks are looking risky for Euro
    • Is a 30-year commodity cycle, gold in a bear market with a few spikes such as Brexit, a myth?
    • Is it possible in technical terms gold never fully retraced below 50% after the 2011 high and this retracement is still due?
    • Does Jim prediction of $14,000 see gold in the long term viewed as money rather than a commodity or investment?
    • Would not digital SDR’s backed by debt-free IMF or digital bitcoins and alternative private currencies limited in supply by mining provide a suitable alternative to gold?
    • Could deflation and bad debt lead to destruction of trillions of dollars, resulting in a shortage of dollars and higher dollar interest rates and therefore a massive appreciation rather than death of dollar.

  7. I second JD in Chicago – unfortunately booked up that evening – but would be great to have a transcript or audio of what should be a fascinating debate – highly relevant to the precarious situation the monetary system is in right now and would be invaluable to have the latest view on the way to invest or disinvest – dollars or gold or yuan ?

  8. For all of us who have no way to attend – will it be broadcast on Twitter or Facebook or some other channel? If not – will there be transcript? Thanks for responding

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