Posted by Ivo Cerckel on December 16th, 2011
Austrian Economics Summit/
ISIL Asia Regional Conference
organized by http://www.isil.org
at the Shanghai Hilton DoubleTree Hotel,
running from evening Friday July 20th through Sunday the 22nd, with checkout on the 23rd, plus post-conference tour options.
The goal of the 2012 Shanghai conference is to expound on free-market ideas to a Chinese audience and to learn what free-marke economists are doing in China. There will be three groups in attendance: 1) international attendees who are interested in both free markets and China; 2) Chinese academic and research economists who are interested in free-market ideas; and 3) university students who want to learn about free-market principles that are not taught in China.
Doug Bandow (USA)
Richard Ebeling (USA)
Xingyuan Feng (China)
Jose Fernandez (Costa Rica)
Fred Foldvary (USA)
Rainer Heufers (Germany)
Peter Klein (USA)
Cris Lingle (USA/Guatemala)
Christian Michel (UK)
Barun Mitra (India)
Ken Schoolland (USA)
Josef Sima (Czech Republic)
Robert Sirico (USA)
Mark Skousen (USA)
Lobo Tiggre (USA)
David Veksler (USA/Ukraine)
Haijiu Zhu (China)
With Chinese FreeGold from a reserve currency to a world standard
Posted by Ivo Cerckel on September 11th, 2009
Nothing prevents the rest of the planet from copying what the Chinese are doing and keep gold (the Mona Lisa) in the strong rooms (the Louvres) of its central banks and mark it to market (MTM) price
(not to the model of 44 dollar an ounce or so like the Fed, the US central bank)
on a regular basis.
Every individual of the planet would then be free to copy the concept of FreeGold.
In that case, every increase in the price of gold, would lead to an increase in the value (of the reserves) of the central bank and/or the individual.
Just like it would never enter the mind [of the] owner of the Mona Lisa daily to organise a “test-auction” to establish what today’s value of his wealth is, neither do the Chinese organise test auctions. Once FreeGold will have arisen, gold will continuously be auctioned … freely and on a global basis.