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Strategies & Market Trends : Asia Forum

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To: Jack Clarke who wrote (4692)	6/20/1998 12:57:00 PM
From: Zeev Hed	Read Replies (1) of 9980

Jack, the answer is "transparency" and free trade between currencies. By transparency I mean full disclosure (by international law) of the amount of money printed (as we now do with our money supply weekly figures). Free trading of currencies will assure that relative values are based on relative economic performances and trade balances of the different countries. "Pegging" of currencies are the worst solutions. Free asset transfer and ownership (Japanese can own the Rockfeller center if they feel like it or build car assembly line in this country and American should be able to freely invest in Asia) on a global basis. What people fail to understand is that wealth is no longer a question of natural resources, but the percentage of "intellectual" and service wealth is becoming greater and greater. It does not matter who owns the buildings, it matter who creates the wealth within those buildings. Zeev

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