It’s autumn and the answers to the economic conjonctures/state of the market are blowing in the wind.

In China the pork meat is getting much more expensive. Inflation in the 漢字–country brings forward questions about fair-minded wages and why the Chinese currency is held so artificial low?!

In Norway (Scandinavia), we speak Norwegian and use the currency “Krone” (kr). One USD($) is now (October 2007) worth 5,39 kr and one Euro(€) 7,66 kr. It’s outrageous low, which means that the risk aversion investors have the Krone as their favourite. Norway (the European Kuwait) with it’s high interest rates, strong currency and surplus on the National Budget are importing cheep (high labour intensively) goods from China and exporting expensive pollutant oil. The world still runs on oil and coal.

The high growth in consumption and wages leads to a fragile planet. Buddhist economic theory defend simplicity and a non-violence lifestyle and production. People have to realize that it’s possible to achieve a rich life with simple means. A successful global, ecological development depends on a consensus between nature and humanity. The two should replenish each other. This way of thinking is deeply rooted in Asian philosophy.

If you feel a bit blue this autumn I’ll recommend http://www.cardinal.no/. This Pub & Bar, that I discovered last night, have 309 different types of beer. Hail the wheat/Weißbier.

Trechinsky – Reliable Source, significant-minority viewpoints