The Good, The Bad, The Ugly

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I wonder how long it will take for at least some of the countrieis to either switch form the dollar based valuation of currencies to some other currencies or on a gold based (or in case of Malayisias gold coin based proposal) or a mixture of both. Maybe 1-2 decades? This creation of money (ie printing ) by fiat has lasted too long. with emerging economies slated to be big enough in the next 2 decades to take thier own course and not be dictated by US it will be intresting times.

US however as a industrial nation is pretty strong it may suffer some severe damage but will surely surive as a strong industry based economy for many more decades to come.

The Impact of demographics on fortunes of nations is very intresting to watch especially since very little is in hand of the countries themselves. with the occupation of American land by white settlers took one of the rapid demographic changes of history took place. Now the the advanteges seem to be slowly shifting to the east.

Re: SR

I hope that your health is improving and from the looks of this article, you seem to be in good shape! I will post a reply, after reading this article. SR sahib, I might have a few questions for you!

Ciao

you did not introuduce a hindu / muslim pakistan/ India angle to this we can predict not many people posting on this

This seems to be a follow on your posts about the euro/dollar debate. Interesting observations and I can vouch for your observations on the Canadian dollar.

The American market is perception based and the international perception still holds value for it. Interesting twist the debate on the euro in the UK. My guess; the euro was rejected by the UK, because that would have pegged the Brent crude to euro and weakened the United States seeking lateral entry into the OPEC and would have given the EU too much influence. Adam Smith`s ``invisible hand`` in the form of the American pressure, might have forced Blair to convince Brown to ditch euro. This is a hypothesis...

Ciao

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#6 by Tipu on June 12, 2003 9:28am PT

you have to increase the level of rethoric this isnot sufficient :)

I can`t say i understand monetary policies. I am curious to know if the difference in the spending and saving habits of japanese versus americans is why the Fed is about to cut the lending rate further to ward off deflation. This just might work, no?

ERROR CORRECTION--- PLEASE NOTE

The article mentions $300 Billion shortfall in S&P 500 pension funds projected for 2003.

This DOES NOT imply that $300 Billion will have to be paid up by the corporations in 2003.

The amount of projected payments at the end of 2002 was $29 Billion for the year 2003. Revised estimates for current year are $35 Billion. This is the amount of real money that the corporations will have to cough up to pay into their pension plans this year.

The $300 Billion number came from the total pension fund asset losses due to market decline from 2000 levels.

My regrets for this error.

The following article in FORTUNE magazine is a good overview of the pension problems of corporate America.

http://www.fortune.com/fortune/investing/articles/0,15114,395147,00.html

...SR

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well the line is dropped now lets wait for the fish to bite.

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Hi SR:

Hope you are recovering well. A good summation of your school of thought. Can`t find too much fault with it except my reservations about any hope for the gold standard. I`ve been somewhat busy off late. The market is a cruel mistress. Will interact more next week.

later
-sac