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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Haim R. Branisteanu who wrote (4481)1/6/2004 1:21:31 PM
From: Jim Willie CB  Read Replies (2) of 110194
 
JYen should be valued at $1.50
i.e. dollar yen at 67
it is undervalued by at least 50%

as for the EURO, hard to say on proper valuation
if the purpose of currencies is to rectify the imbalances, then we will be seeing the EURO heading to $1.80 to $2.0

unfortunately, in that remedy comes a leveling of the playing field, whereby the EU will be decimated in its entire mfg base, just like the USA
China will clean their clocks, Swiss and all

I suppose VonMises got it right when he clearly stated that the fiat currency system destroys the entire world economy, one economy at a time

first Japan, then a shockwave to Asia, then USA
lastly Europe
/ jim
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