These are the recent words of Jerome Powell, the Chairman of the Federal Reserve.

It was a stunning admission from the one person with the most control over the US dollar—the world's reserve currency.

Reading between the lines, Powell's remarks are a strong hint that the current international monetary system based on the US dollar is on its way out… and soon.

Even the elites running this 50+ year old system can't go along with the farce of maintaining it anymore.

That conclusion is not surprising; it's the logical outcome once you put the pieces together to see the Big Picture. However, what is notable is the change in tone. For the first time, the financial establishment is now talking like this out in the open. That tells me a big change could be imminent.

Although the elites would prefer to continue milking the current system, they realize it's failing and the need to bridge the gap to a new system they hope to control.

Nobody knows what the next international monetary system will look like—not even the elites. However, they know what they want it to look like and are working hard to shape that outcome.