Archive for March, 2009
You have to have patient to wait for the beginning Dutch introduction then you will hear the conversation between Jim Rogers, Marc Faber and the TV host. Amazingly this was broadcasted in 2003, let us see how they predicted what has happened until now. (Total 5 parts of videos) Continue reading ‘Jim Rogers conversation with Marc Faber’
Finally, we can see the face of Martin Margiela which is published at ICON magazine this month issue. I haven’t got time to write comments yet and will do later. It is an interesting article though. I haven’t got time to sort it out my images about his 20ys retrospective show in Antwerp where I visited last year. see my old post Martin Margiela@MOMU, Antwerp.
IMF poised to print billions of dollars in ‘global quantitative easing’
The International Monetary Fund is poised to embark on what analysts have described as “global quantitative easing” by printing billions of dollars worth of a global “super-currency” in an unprecedented new effort to address the economic crisis.
By Edmund Conway
Last Updated: 3:39PM GMT 13 Mar 2009 from telegraph.co.uk
Alistair Darling and senior figures in the US Treasury have been encouraging the Fund to issue hundreds of billions of dollars worth of so-called Special Drawing Rights in the coming months as part of its campaign to prevent the recession from turning into a global depression.
Should the move, which is up for discussion by the summit of G20 finance ministers this weekend, be adopted, it will represent a global equivalent of the Bank of England’s plan to pump extra cash into the UK economy.
However, economists warned that the scheme could cause a major swell of inflation around the world as the newly-created money filters through the system. The idea has been suggested by a number of key figures, including billionaire investor George Soros and US Treasury adviser Ted Truman.
Simon Johnson, former chief economist at the IMF, said: “The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them.
“The objective is to create a windfall of cash. However if everybody goes out and spends the money it could be very inflationary.”
This is another funny youtube video. It is probaly an adv made by Nokia.
Please check out original website: http://www.nokia-lee.com.cn/
Marc Faber is the person I admire mostly in terms of explaining and forecasting economy. He just make the complex economy relationship more easy to understand. The audio quality wasn’t very good at the beginning but it is worth listening. (Total there are 3 parts of youtube videos)
Image of worker carrying out rolls of 5 pounds notes. (photo credit unknown, please click image to see the original link.)
It was quite funny to see how people responded to the debt US/UK have owned. Of course, they are ‘brother’ and both of them started to do ‘Quantitative easing’ (Bank to pump £75bn into economy) so one blogger asked on an economic forum:
‘I’m starting to wonder, what comes after trillion? I mean, we’re deeply in debt as a nation and the figures just keep on growing. Million, Billion, Trillion, what’s the next word?’ Continue reading ‘Names of large numbers’
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