markets
creditors was not imminent. In `about speech a total glut of saving
Opinion of the Bernanke nell' you open them 2005 that the moment for the sedimentation in on with the international creditors was not imminent. In `about speech a total glut of saving and LAST Cit di Defi of checking account it has discussed the case that over the last globalization of decade and a glut total of saving of the `has been behind the increased current of the United States defi the CIT of customer in its opinion defi the CIT of the United States was `increased the personal yield and tail dog that it answers to the globalization, universal increasing prices of the real estate market and saving. But moreover it has given prominence to that `the model puts into effect them of the ows of Florida of happens them international - persists - could demonstrate controproduttivo. The more important, so that the development world lend the great sums on net all' mature manufacturer the economies is enough undesirable like proposal of long duration. ' Its conclusion, especially after the `of word however, ' it is worth the pain to take to edge: `[f] undamentally, I do not see reason for which l' entire process would not have to continue uniform. However, the risk of recording disordinata in the markets nancial of fi always exists and with justice conservative method for the politicians is of being on the protection for the any developments. ' The 26 Since investor and the thrifty people we are moreover responsible politicians and must be `on guard for developments interest that them. In its total speech of glut of Bernanke saving he has recognized that one in order to reimburse the foreign creditors, as some day will have,
the United States great industries knows some of the `of need and export. Sure that one will be an impossible one of mission without a remarkable fall in the exchange rate of the dollar. And we can allow us to bet on no adjustment disordinato of the `that roiling the markets nancial of fi - or would have we take the `that a lupo with justice conservative of the Martin of the approach'?
it has perceived `of a correction brutal and unexpected if anytime the rest of the world decides that the relative ones held of the claims of the dollar are excessive. In its opinion: `the probability of a hard landing, with the unforeseeable political consequences in the United States and between relative creditors however 100% is not either' .27 the zero possession deun gold certainly bought to a reasonable price can be useful to scatter the risks and isolates the assets from damage caused from a crisis nancial of fi. In 1934 in which gold it was still the universal measure of the value and the Ministry of the treasury of the United States could not meet relative the president Franklin D. Roosevelt of engagements have devaluated the dollar to gold from 47%. After that the president Richard Nixon has worked in difficulty in 1971 and has refused on all the engagements to gold the market price of un' ounce of gold is increased in a decade from an average of $35 more $600. Nixon has tax sovrattassa of 15% to all imports in order to force has negotiates the devaluations of the dollar more than 20% against other currencies. In the Secretary of Treasure 1985 of the president Ronald Reagan James Baker it negotiate l' agreement of plaza with the Germany, France, Large, Canada and Japan that have made it possible so that the dollar oating of Florida falls 30% in the course of the two future years. The round current of total riequilibratura can be resolved with a soft landing of the `but, if the history is some thing to go close, the dollar and other currencies are on the course to the loss purchasing power. We would have to observe behind the history? After all the Thomas Friedman author it sees the globalization like being changing the world thus radically that it has written un' introduction: Why gold? 21 the best book than name sale the world is flat. The chapter it in its `of the book the Unfl to World explains that, really, all it is not changed. Here it is a paragraph key: 28 But un' other barrier to attening of Florida of the world is emerging. a natural tie of the resources. If million people dall' India, China, Latin America and the precedence Soviet Union to that they were living in great part outside of Florida all' beginning of the world you walk on Florida to the world that plays the eld of fi immediately - and all come with theirs own dream of possession un' automobile, a house, a refrigerator, a microwave and of the toaster - we are going to perceive or a sparsity of serious energy, or defective, the wars over energy that would have deep an effect attening UN-Florida on the world.
