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

"And, inasmuch [as] most good things are produced by labour, it follows that [all] such things of right belong to those whose labour has produced them. But it has so happened in all ages of the world, that some have laboured, and others have, without labour, enjoyed a large proportion of the fruits. This is wrong, and should not continue. To [secure] to each labourer the whole product of his labour, or as nearly as possible, is a most worthy object of any good government." The Collected Works of Abraham Lincoln edited by Roy P. Basler, Volume I, "Fragments of a Tariff Discussion" (December 1, 1847), p. 412.

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Début de l'article :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... Lire la suite

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