-------- Original Message --------
| Subject: | Singapore Dollar (SGD) |
|---|---|
| Date: | Fri, 8 Oct 2010 07:45:54 -0700 |
| From: | Jas Jain |
Singapore Dollar (SGD)
One of the primary reasons for Singapore to be the best-governed country is its near-optimal size for a political unit that faces no external threats to its security. This was also the case for many German "free city states" under the Austrian Empire. That was one reason why Germany became the leading industrial nation during late 1800s overtaking France and the UK. The same also applied to the US during the period because the US economy was not centralized. Today, the highly centralized US economy, in terms of its economic policies and financial system, is too big to succeed. This centralization has also resulted in giving control of the US govt and economy to an organized criminal gang. The economic policies are directed towards helping the Crooks that caused the problems in the first place. That is why many people have been looking to diversify their holdings from the USD into other currencies including gold. Unfortunately, these people have been too tardy. SGD, along with GOLD and CHF (Swiss franc), is a good candidate for this diversification because it is very nimble in responding to changes, but the timing is not the best, as can be seen from the attached chart. Yesterday, CHF made an all-time high against the USD in inflation adjusted terms. SGD is getting there. Despite my long-term pessimistic view of the US economy the USD seems under-valued against most fiat currencies because I don't expect US to suffer inflation problem until after the collapse of the current global financial system. Once that happens all bets are off on the USD and the USTs.
Jas--
Posts
No comments:
Post a Comment