|RADICAL SOLUTION TO THE GLOBAL FINANCIAL CRISIS!|
|Hereafter, world countries should return to Chinese currency Yuan rather than dollars, and the data in China should be considered as the exchange market and finance sector.|
RADICAL SOLUTION TO THE GLOBAL FINANCIAL CRISIS!
Today, financial crisis
experienced in the
this called to be a financial crisis, I disagree with this expression. Economy and finance
are interlocked. I think that the crisis in the
I have previously mentioned about the reasons why economy policies of the
There have been unsuccessful operations to remove zeros from local currencies in
Latin American countries, especially in
In the US, based on my grounds in my article titled Future of Dollars, excessive amount of money much above the economic power have been published, and the excessive amount of money have been passed into circulation in world countries through exportation. It is automatically clarified here as to why dollar was at lower levels previously.
In the light of all these information, I consider it useful to mention some issues
which are frequently concerned about in these days. I would like to clarify the questions
confusing you currently, such as Why American Dollar is rising while there is financial
crisis in the
For the increase in dollars, wrong political moves as I explained in my article
titled Future of Dollars in order to increase internal dynamism of the
the reason why inflation is low in the
After discussing the past and current situation, now I would like to mention about what should be done in the future, especially in near future, against the global crisis that is affecting the world rapidly. These clarifications are also totally mine and include my personal opinions.
I argue that, as I mentioned early here, economy and
finance are interlocked; and Economic Power = Financial Power should be directly
proportional with each other. And this is the root of the entire fault. Although
the US, which has given weight on importation despite its economic construction for years,
lost its power in the economical field, it has been considered as the leader in finance
sector as if its internal dynamisms in economic filed are sound, or rather world countries
had a mistake by giving particular importance to the finance sector of the US which lost
its economical dynamism. According to my opinion as
Those who have the economical power should also have the financial power, financial
sector should head towards to and focus on the state being the most powerful in economy
throughout the world. (Argument of Hasan Yaşar Özfidan.)
Hasan Yaşar Özfidan.
Lawyer - Economist
may also find my awarded studies at: www.ekonomikcozum.com
And my columns at: www.haberx.com
- Belgium (To the President of European Commission.)
- China (To the President of China.)
- England (To the Her Majesty Queen.)
- Japan (To the Emperor of Japan.)
- Switzerland (To the World Trade Organization.)
- Turkey (To the President of Turkey.)
- Turkey (To the Prime Minester of Turkey.)
- Turkey (To the Director President of World Bank.)
- Turkey (To the Resident Coordinator.)
- U.S.A. (To the next President Barack Hussein Obama.)
- U.S.A. (To the President World Bank Group.)
- U.S.A. (To the IMF Managing Director.)
- U.S.A. (To the Secretary of General United Nations.)
- To some related organizations and the media throughout the world.
1- Article Title Radical Solution to Global Financial Crisis.
2- Article Title I insist on my thought about the future of the dollar.
* List of circulation has been issued in alphabetical order on the basis of titles of countries.
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