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The last half of 1997 witnessed one of the most devastating stock market meltdowns and coincident currency chaos since World War II. Its epicenter was and remains Southeast Asia. And since all world economies have become inextricably connected, and therefore dependent, the woes of Asia are relentlessly exporting their destruction to other parts of the globe.
Due to the continuing turmoil in the Asia in recent months, financial media is plastered with stories of how the economic plight of the Far-East may well reach Occidental shores in the not too distant future. To keep abreast of what is occurring in the Orient, and how it may affect the western banking, financial and monetary systems, GOLD-EAGLE has created an entirely new section devoted entirely to the Far-East. It is called the "Asian Corner."
The current crisis in Asia and its contagion effect - now known as "The Domino Effect" - threatens to infect Western economies. Therefore, the Western world has brought Asia into sharp focus. Businessmen from Boston to Buenos Aires to Bern to Berlin to Bahrain to Baghdad must necessarily concern themselves of what is occurring in Asia - and what impact currency devaluations and massive loan defaults will have on Western economies from Wall Street down to Main Street.
Undoubtedly, the deterioration of Asia's economic and financial sectors will us affect us ALL. Therefore, the "Asian Corner" will try to cover the most important economic, financial and monetary sectors to keep us updated on latest developments. As Asia goes... so goes the West.
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