Asia Sentinel, 29 Mar 2009, Peter D Schiff
For a few fleeting, horrifying moments this past week the fault lines that underlie the global economic crisis erupted into plain view. With deft effort leaders in Washington, Europe and Asia papered over the fissures and fears largely subsided. But the shock of plain truths which resulted in violent currency movements are the latest reminder that the 21st century economic order will bear little resemblance to the world we now know.
The tremors began in Beijing, where an essay from the governor of the People's Bank of China seemed to favor the creation of an International Monetary Fund currency to replace the US dollar as the world's reserve. In Europe, the rotating president of the European Union, outgoing Czech Prime Minister Mirek Topolanek, characterized America's plan to combat the widening global recession as the "road to hell." At same time, a British Member of the European Parliament, Daniel Hannan, made world headlines with his stinging rebuke of the inflationary and debt-focused policies of the current UK government.
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