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2019年3月10日 · In 1972, the Hong Kong dollar was pegged to the U.S.dollar at a rate of HK$5.65 = US$1. …. Between 1974 and 1983, the Hong Kong dollar floated. On 17 October 1983, the currency was pegged at a rate of HK$7.8 = US$1, through the currency board system. The problem Hong Kong will face is as the financial crisis in Europe erupts, this will push ...
2018年5月17日 · When several waves align in sync, suddenly the wave that is produced is larger than the rest. This is a fundamental basis of cyclical activity that applies to everything in the universe. It is why the sun beats like your heart. There is a cycle of absolutely everything, which is why we are born, mature, and then die.
- Monetary History of Japan
- Monetarysystem
- Meiji Reform of 1870
As legend has it, Japan was founded around 660BC by a direct descendent of the Sun Goddess. It is from this basic legend that Japan derives the name of “Land of the Rise Sun.” Japan has a long monetary history which dates back to when coins were first introduced from neighboring Korea and China. It is not known exactly when the first imports occurr...
Prior to the Meiji period (1867-1912), the monetary system of Japan was very much still a barter form of exchange. While there were coins produced, there was not any fixed exchange rate between silver, gold and copper. Each coin would trade according to its own weight and at current market conditions. No sustained attempt was made by the government...
In 1870, the Emperor Meiji embarked on a great new age of modernization that would be reflected in all aspects of life including the monetary system. The new monetary system would not merely change the shape of the nation’s coinage, but also for the first time clearly standardize the weights, denominations and the relationships between them. Howeve...
2018年10月23日 · QUESTION: Mr. Armstrong; I agree that something seems to be changing faster than perhaps we might have expected. Is there anything that points to how fast a
My Forecast from 10 Years Ago. May 24, 2024. In an interview on May 11, 2014, I explained on USAWatchdog that confidence always outweighs reality. “It’s basically what you believe.
About Martin Armstrong. Our founder, Martin Armstrong, began trading in the mid-1960s. He noticed that it did not matter what the investment was; everything would rally in the heat of a buying panic and then crash in the blink of an eye. His history teacher in high school brought in a black & white movie, The Toast of New York, staring with ...
It has been through the Business Cycle that all advancement and thus economic evolution emerges. Joseph Schumpeter (1883–1950) called these Business Cycle events – Waves of Creative Destruction. Unless oil rises in price to excessively high price levels, alternative fuels will never be developed. There must be a viable economic foundation ...
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