It has been discussed on this site before how often, during the Sabbatical Year or "Shmitta" - year of release - that the stock market has often crashed due to causes tied to the erasing of debt.  In 2008 it was the housing bubble, as foreclosures erased debt.  In 2001 it was the dot.com bust, as investors began pulling out of internet startups.

Is there an erasure of debt brewing in 2015?  Greece is threatening to defaut on its debt, and Russia basically already has as they went from surplus to debt and the rubble began devaluating on its own.  A total collapse could happen in Russia.  Japan decided to use Quantatative Easy (QE) to devalue their own currency, and Europe followed suit a few weeks later.  QE is much the same as printing money, but without the greenbacks.  No new money is printed, they just add credits to the computer system.  So not only do you have paper money not backed up by gold, but computer credits not backed up by paper money.

Switserland just missed being the one mark of sanity.  A referendum was held to increase its gold reserves to 20%, up from 10% now.  But it failed.

So several nations have already done this.  China is threatening to follow suit.  If the whole world does it....could we get some sort of collapse based on a currency erasure of debt?  Maybe.  The ingredients are ripe for that to happen.  If it does, gold and silver might skyrocket in value, and that's not a bad place to move your 401K until the storm blows over.  In the meantime, watch for more of it in the news.  It mgiht be key to what is happening in the world. 

Shalom,

Joe