As the G20 meeting that is supposed to “rebuild the Global Economy” begins, this post presents a few reflections on the likely major problem the world leaders face today: the damaged state of the world reserve currency system.

On the 24th of March, Frank Biancheri, head of the European think tank LEAP2020, published in the Financial Times the following open letter directed to the G20 leaders gathering in London on the 2nd of April:

Ladies and Gentlemen, Your next summit takes place in a few days in London; but are you aware that you have less than half a year to prevent the world from plunging into a crisis that will take at least a decade to resolve, accompanied by a whole series of tragedies and ferment? Therefore, this open letter by LEAP/E2020, who saw the arrival of a « global systemic crisis » as early as three years ago, intends to briefly explain why it happened and how to limit further damage. […]