Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: chirodoc who wrote (334)	10/31/1997 8:42:00 AM
From: DMaA	Read Replies (1) \| Respond to of 22640

Interesting article in WSJ this week pointed out the HK doesn't have a central bank. The currancy is totally on auto pilot ( I didn't absorb the details ). Nobody is making calls in HK because no human makes the decisions, they just follow predefined rules. The article points out that everywhere this currancy scheme has been tried, the local currancy has weathered every attack by speculators. Milton Fredman has been advocating such an arrangement for the US for years.