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

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



To: Jack Clarke who wrote (4692)6/20/1998 3:11:00 PM
From: Frodo Baxter  Read Replies (1) | Respond to of 9980
 
>My real question is what will constitute "money" as gold used to do and no longer can for the reasons you state?

The greenback.

>How can we trust the politicians in each of the major countries to print just the right amount, avoiding inflation and currency flight?

We don't trust them, that's why we have independent central banks.

>When the chips are down, will they not behave in a selfish manner?

This is why the euro will fail.


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