Russell Napier is an independent analyst of financial markets, adviser on asset allocation and author of two books on crises in Wall Street (Anatomy of Bear) and Asia (Birth of the Age of Debt). He shares his insights based on 30 years long experience in his newsletter The Solid Ground. He is also a founder of the Library of Mistakes, based in Edinburgh. Lectures and podcasts from the Library of Mistakes are available online and remind us of the history of economics and finances and of the mistakes made in the past. Do the developments of recent years indicate the huge crisis of the global monetary system or just another economic cycle?