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A Reversal in the Trend of International Reserves - Hugo Salinas Price - Plata.com

"I don't believe in a law to prevent a man from getting rich; it would do more harm than good. So while we do not propose any war upon capital, we do wish to allow the humblest man an equal chance to get rich with everybody else." The Collected Works of Abraham Lincoln edited by Roy P. Basler, Volume IV, "Speech at New Haven, Connecticut" (March 6, 1860), p. 24.

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Beginning of the headline :In the reasoning that follows, the statement "all other things being equal" must be understood. What produces increases in the world total of International Reserves? Increases in International Reserves take place when the Reserve Currency issuing countries (RC) effect payments to the rest of the world (ROW). Typically, RC payments to ROW take place when: a) The RC countries are purchasing more stuff from the ROW, than the ROW is purchasing from the RC. In other words, when the RC as whole run t... Read More

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