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

To: Zeev Hed who wrote (5733)	8/21/1998 9:59:00 AM
From: Chip McVickar	Respond to of 9980

Zev, From my reading....I can say that many who favor currency-boards certainly have gold in mind as an anchor. Especially within a basket of commodities. A basket of currencies could also be used. It is the use of one currency a floated one that bothers most. Certainly the desire is to limit the volitility created by the currency traders and their growing technological capabilities. Also to account for the indisciminate creation of debt. Whatever world monetary system evolves from the floated currency experiment, will have to be even broader and include not just stable exchange rates among nations but also respect the individual citizens right to expect stable money in their everyday lives....whatever country. I don't believe a global gold standard would be successful....it is to narrow and concentates wealth even farther to centralized institutions....like Warren Buffett >>chuckle<< Will be interesting to watch the next international monetary system evolve over the coming years. Perhaps when Greenspan retires his writtings will become the focus of some evolving international standard. Chip