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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (4691)	6/20/1998 12:45:00 PM
From: Jack Clarke	Read Replies (2) \| Respond to of 9980

Zeev, Many thanks for your excellent explanation. I agree with your assessment of gold and its lack of suitability (eventually) as "real money". I suspect it will have some atavistic character in our lifetimes, however. My real question is what will constitute "money" as gold used to do and no longer can for the reasons you state? How can we trust the politicians in each of the major countries to print just the right amount, avoiding inflation and currency flight? When the chips are down, will they not behave in a selfish manner? Will we eventually have a world currency, and if so, who will control its amount and distribution? Perhaps the ones with the most nuclear tipped ICBMs (shudder). Maybe I should take a course in economics (in my spare time). Many thanks again for your analysis, which I value and can't disagree with. Jack

To: Zeev Hed who wrote (4691)	6/22/1998 9:36:00 AM
From: Worswick	Read Replies (1) \| Respond to of 9980

Sorry, I have been away and did want to add something to your idea Zeen ref. "The following is a conjecture, but I think that Japan has a paranoia of foreigners and their culture, as well as a fear of being drenched in trade deficits. The way I see it, if they stimulate their economy it will drastically stimulate their imports, and the Japanese have always feared that their imports will exceed their export. Stimulating their economy would do just that and furthermore will have the possible impact of "westernizing" even further their culture". Basically, the Japanese - like Curtis LeMay who bombed the hell out of Europe and spent his life builgin up the Strategic Air command to see that the same thing wasn't done to him what he did to others - are afraid of what they do to others happening to them. In short they are terrified of being "colonized". From militarily colonizing Asia the Japenese shifted to financially colonizing Asia. At that in the period of the 19th century every Japanese economist knows the terrible history of various bankruptcies, and depressions of the Meiji era. These absolutly eviscerated Japan a number of times and drained all the gold/silver etc. from the country. Modern Japan after the war was built upon the idea of this sort of thing never happening again. Your ideas was right on the spot. My best to you,