Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: maceng2 who wrote (73541)	5/17/2010 4:12:39 PM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

A well-run local currency is likely to be better than a large scale currency to which people owe little allegiance. A local currency likely has a greater component of trust because neighbours are more likely to trust each other than they are to trust a politician in another country [such as the USA] which is self-dealing the US$ as hard as they can go while Chinese, Japanese and Kiwis watch their US$ holdings shrivel. Even some Americans don't trust their politicians and are not particularly thrilled by the Federal Reserve. Mqurice

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