Why Convergence will Trump De-Leveraging – Eventually

Last week we discussed the topic of the global convergence of lifestyles, the relative growth in quality of life (longevity / health, education and income) between Emergica (the emerging world that hosts 6 billion relatively impoverished people) and America as measured by the United Nations Human Development Index (HDI) data base. In that analysis we demonstrated how this recent convergence will have a positive impact on the price of gold. Gold’s reaction is simply the inverse of the world’s “reserve currencies,” today’s high powered and dangerous money. Reserve Currencies must be devalued in this scenario and forcibly replaced with a money system more conducive to the vast majority of the world.

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]