tag:blogger.com,1999:blog-878781244953948813.post2455775183884178166..comments2023-09-22T20:53:43.819-07:00Comments on How Business Happens: Low Taxes, Stable MoneyUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-878781244953948813.post-64411989858428583602013-09-13T14:08:28.990-07:002013-09-13T14:08:28.990-07:00it is tricky, but the question is how stable are t...it is tricky, but the question is how stable are the private banks who are playing the hand they are dealt? Those bank can one morning eliminate the Hong Kong dollar form their inventory and replace it with gold dollars. Right now, given the world economy, they are playing their hand a certain way. They are small and maneuverable, and making money off the USA policy, as it is. For now.John Wiley Spiershttps://www.blogger.com/profile/17912149116679736768noreply@blogger.comtag:blogger.com,1999:blog-878781244953948813.post-59328108925145990582013-09-13T09:29:13.846-07:002013-09-13T09:29:13.846-07:00http://en.wikipedia.org/wiki/Hong_Kong_dollar
fro...http://en.wikipedia.org/wiki/Hong_Kong_dollar<br /><br />from wiki:<br /><br />The currency board system ensures that Hong Kong's entire monetary base is backed with US dollars at the linked exchange rate. <br /><br />So how stable is the HK dollar really if it is tied to the US dollar? Is wiki accurate?<br />Anonymousnoreply@blogger.com