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Saturday, May 10, 2008

Back stream

Imagine the part of the world which does not export oil, gas, food etc. for money as usual any more. These commodities do not grow in prices because they are being sold for natural money (i.e. commodity backed). Will the small commodity exporters turn their export to that center of globalization in order to find more social, economic and political stability?

It's worth thinking about it because the mentioned center can be distributed - being "born" in one part of the world it could re-connect people without "developed" vs. "developing" worlds separation (from globalization 1.0 to 3.0).

Let me invite you to read "G-7 Central Bankers Stymied By 'Crude Oil Vigilantes'" by Gary Dorsch and think.