
   
     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 
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              The views presented by individual contributors are not necessarily 
                representative of the views of ATCA, which is neutral. Please 
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