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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (33057)	5/5/2003 9:57:05 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Precisely. There are 5.3billion people in this planet, if you subtract the 700 million Europeans and North Americans. Just to put into the right perspective: Look back and you see that the post-war gentlemen's agreement of Bretton Woods was made to advance the case of those 700million people. The gentlemen' agreement is unsustainable since the US in August 1972 stopped buying gold by a fixed price and the fixed exchange rate ended. It is amazing that for 30 years the system didn't collapse. From 1972, up to now, what we have seen is that the management of this unsustainability of the Bretton Woods agreement. Now look back again and see the world's economy driven by a market centered in about 700million people. What do you think if we witness the next 50 years an world economy driven by, say 3 billion people? 700million you add the Chinese -who haven't been part of the post-war boom- and we already have 2billion. Just another one billion in the next 15 is not unrealistic.