Non-Stop Central Banks' Intervention; Towards a Global
Economic Crisis? The Coming Storm of Change
London, UK - 14 August 2007, 21:24 GMT
Dear ATCA Colleagues
[Please note that the views presented by individual contributors are not
necessarily representative of the views of ATCA, which is neutral. ATCA conducts
collective Socratic dialogue on global opportunities and threats.]
We are grateful to:
. Rudi Bogni, Chairman, Medinvest, and Director, Old Mutual, from Basel, Switzerland,
for, "Non-Stop Central Banks' Intervention;"
. Dr Ravi Batra, Professor of Economics, Southern Methodist University, Dallas,
Texas, USA, for, "Towards a Global Economic Crisis?;"
. Aurora Carlson, Founder, Open One Center, based on the West Coast, Sweden,
for "The Coming Storm of Change;"
. The ATCA Editorial Team, based in Canary Wharf, London, UK, for "Large
Quake hits Quants as Computer-Driven Quantitative Hedge Funds Short-Circuit;"
. Dr Harald Malmgren, CEO, Malmgren Global, based in Washington, DC, USA for
"Prolonged Credit Market Correction Ahead;"
. Prof Dr Norbert Walter, Chief Economist, Deutsche Bank Group, based in Frankfurt,
Germany, for "Economic Consequences of The Sub-Prime
Crisis;"
. Anthony Whitehouse based in Coppet and Geneva, Switzerland, for "Regulators,
Hedge Fund Lending and Cross-Selling;"
. The ATCA Editorial Team, based in Canary Wharf, London, UK, for "Perfect
Storm: Credit Freeze and Distress Selling by Hedge Funds;"
. Dr George Feiger, based in Berkeley, California, USA, for "Two
Faces of the Same Coin;"
. The ATCA Editorial Team, based in Canary Wharf, London, for "Contagion
and Systemic Risk? ECB Injects Record Euro 95bn post Major Disturbance;"
. The ATCA Editorial Team, for "Flight to Quality
as Markets finally Appreciate Risk;"
. Robert McNally, Chairman, London Chamber of Commerce Property and Construction
Group, for "Erosion of Commercial Real Estate
as a Solid Asset Class;"
. Alexander Hoare, CEO, C Hoare and Co, Private Bankers, based in the City
of London, for "Destructive
Creativity, Leverage and The Derivatives Market;" and
. Dr Harald Malmgren, CEO, Malmgren Global, based in Washington, DC, for "The
Fear of Central Bankers -- Flight from Illiquidity, Derivatives and Heightened
Risk of Contagion;"
in response to, "Are the Currency Markets Warning
that there is Trouble Ahead? The Precipitous Decline of the US Dollar and
its Impact on the World."
Rudi Bogni is the Chairman of Medinvest and lives between Basel and London.
He is the former CEO, Private Banking and Member of the Group Executive Board
of UBS AG, the largest bank in Switzerland. At present, he is a non-executive
director of Old Mutual plc; trustee of the Prince of Liechtenstein Foundation;
Accomandataire of Bertarelli & Cie; Director of America Cup Management
and Kedge Capital; Chairman of the International Advisory Board of Oxford
Analytica; Director of the International Council for Capital Formation and
of Prospect Publishing; Member of the Governing Council of the Centre for
the Study of Financial Innovation; and of the Development Council of Shakespeare's
Globe Theatre. He writes:
Dear DK and Colleagues
Re: Non-Stop Central Banks' Intervention
I hear that some distinguished ATCA members are concerned about the non-stop
central banks' intervention and the possibility that this may bring the markets
to "oxygen addiction."
[CONTINUES]
[ATCA Membership]
Rudi Bogni
____________________________________________________________________________
Dr Ravi Batra, Professor of economics at Southern Methodist University, Dallas,
Texas, is the author of five international best sellers. His latest books
are "The New Golden Age: The Coming Revolution against Political Corruption
and Economic Chaos" and "Greenspan's Fraud: How two decades of his
policies have undermined the global economy." He was the chairperson
of his department from 1977 to 1980. In October 1978, because of dozens of
publications in the likes of American Economic Review, Journal of Political
Economy, Econometrica, Journal of Economic Theory, Review of Economic Studies,
among others, Batra was ranked third in a group of "superstar economists,"
selected from all the American and Canadian universities by an article in
the learned journal, Economic Enquiry. In 1990, the Italian Prime Minister
awarded him a Medal of the Italian Senate for writing a book that correctly
predicted the downfall of Soviet communism, fifteen years before it happened.
Dr Batra has been written up in major newspapers and magazines, such as the
New York Times, Washington Post, Time, Newsweek, etc, and has appeared on
CBS, NBC, CNN, ABC, CNBC, among many other networks. He writes:
Dear DK and Colleagues
Re: Towards a Global Economic Crisis?
I have a short comment for the distinguished ATCA members in connection with
the ongoing share market turmoil, which is foreseen in my new book, "The
New Golden Age: The Coming Revolution against Political Corruption and Economic
Chaos," published earlier this year. In this connection, Texas Monthly
interviewed me and sent me a number of questions. My answer to one of their
key questions was as follows:
Q: In a historical context, how serious is the current global economic crisis?
[CONTINUES] [ATCA
Membership]
Thanks
Ravi Batra
____________________________________________________________________________
Aurora Carlson is the founder of the Open One Center in Sweden, which is dedicated
to teaching holistic health and to raising the level of collective consciousness.
She has studied at Bucharest, Stockholm, Uppsala and Halmstad universities
and at the Nordic School of Public Health in Gothenburg. She has served as
an International Committee of the Red Cross (ICRC) advisor in the mission
of rebuilding the Romanian Red Cross after the revolution and has worked for
over six years with the Swedish National Red Cross. For four years she has
been a teacher at the Ayurveda School in Markaryd and has later developed
a program for Ayurvedic counsellor certification. Her main interest is the
evolution of human consciousness. For the last six years, Aurora has lectured
extensively about spiritual ways to reach maximum individual and collective
potential. She is a mother of two and lives on the West coast of Sweden. As
an active member of the Alliance for the New Humanity founded by Dr Deepak
Chopra, a distinguished ATCA contributor, Oscar Arias and others, she is working
on bringing together those individuals who are consciously expressing higher
human values. She writes:
Dear DK and Colleagues
Re: The Coming Storm of Change
Despite my complete lack of knowledge in matters of stock markets and the
like, I have been fascinated by the ATCA Socratic dialogue debating these
matters. The storm of change is affecting not only our geographical surroundings,
but also our global economic system. It seems that the very ground on which
we have based our sense of security and purpose is shaking, causing many people
to feel anxious at the perspective of the world as we know it beginning to
fall apart.
[CONTINUES]
[ATCA Membership]
Thank you
Aurora Carlson
[ENDS]
We look forward to your further thoughts, observations and views. Thank
you.
Best wishes
For and on behalf of DK Matai, Chairman, Asymmetric Threats Contingency
Alliance (ATCA)
ATCA: The Asymmetric Threats Contingency
Alliance is a philanthropic expert initiative founded in 2001
to resolve complex global challenges through collective Socratic
dialogue and joint executive action to build a wisdom based global
economy. Adhering to the doctrine of non-violence, ATCA addresses
asymmetric threats and social opportunities arising from climate
chaos and the environment; radical poverty and microfinance; geo-politics
and energy; organised crime & extremism; advanced technologies
-- bio, info, nano, robo & AI; demographic skews and resource
shortages; pandemics; financial systems and systemic risk; as
well as transhumanism and ethics. Present membership of ATCA is
by invitation only and has over 5,000 distinguished members from
over 120 countries: including 1,000 Parliamentarians; 1,500 Chairmen
and CEOs of corporations; 1,000 Heads of NGOs; 750 Directors at
Academic Centres of Excellence; 500 Inventors and Original thinkers;
as well as 250 Editors-in-Chief of major media.
The views presented by individual contributors are not necessarily
representative of the views of ATCA, which is neutral. Please
do not forward or use the material circulated without permission
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