Monday, Oct 30, 2006

Looming Consequences of Global Economic Imbalance

Gold An Unstable Dollar Standard

A discussion by a lecturer of the Austrian school of economics, Hans Sennholz, on what may be required to adjust the currency imbalances between the USA and Asian countries and whether or not this adjustment process -- which is predicted by some to be gradual and by others to be catacylsmic -- will drag the rest of the world into ultimate financial crises -- or not. In any case, he says that what happens to the USA economic balance realistically affects all. Big implications for HPC? Place your bets ladies and gentlemen.

Posted by indiablue19 @ 01:22 AM (495 views)
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1. harold said...

Quote of the day:

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose." -- John Maynard Keynes

Seems like the gentlemen at the Fed need to go back to school.

Monday, October 30, 2006 08:49AM Report Comment

2. Nohpc said...

I think the Fed will see the country ok in the end. You can't have it right all the time. Of course india, china etc are booming they started from a very low point. When they have achieved high growth they too will have the ups and downs of more developed economies.

Monday, October 30, 2006 09:46AM Report Comment

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