The Meeting of October 27, 1999

Session I: 
Debate: William T. Gavin, Vice President, Research, Federal Reserve Bank of St. Louis. Merits of a Price Index as the Target for Federal Reserve Monetary Policy
Response from: Victor H. Sperandeo, President Hugo Securities Co. Why a Gold Standard Would Be a Better Guide for Monetary Policy and Investment in Today's Markets

- a compelling, cordial disagreement on indices and their value -

Session II:
Robert Alexander Mundell, recipient of the Nobel Prize in Economics, October, 1999. An unscheduled, rewarding visit from the Nobel Laureate, whose research had a powerful impact on the creation of the Euro.

- a great session with his remarks and questions & answers -

Chairman of the Session: The Hon. J. William Middendorf, II, former U.S. Ambassador to the European Union added to the discussion from his experience.

Session III: Alfred E. Eckes, Jr. posed the question, Is Globalization Sustainable in the New Millennium?
Ohio Eminent Research Professor in Contemporary History at Ohio University, former Chairman of the U.S. International Trade Commission, author of several books, including:
"Opening America’s Markets: U.S. Trade Policy Since 1776"; and (in preparation as co-author) "Globalization and U.S. Foreign Relations".

The full text of Professor Eckes' paper is posted here.

Reginald H. Howe, Esq. author of CMRE monograph, "The Golden Sextant", winner of the International Currency Prize of Bank Lips, AG, Zurich, Switzerland, 1992, gave instructive views for education in the future - The Internet. Of special interest was his explanation of the extraordinary events in the gold market in recent times, a succinct statement, drawn from his considerable knowledge of the gold market. (See Publications for his monograph No. 48) 

More of his work can be read at his web site: www.goldensextant.com

Hugo Salinas Price, distinguished Mexican businessman, with a unique message, a solution, for Mexico’s money and banking distress, i.e. a silver peso as a parallel currency, a plan that is gaining support from young people in Mexico. 

Follow his work and progress at his web site: www.plata.com.mx

Walker F. Todd, with the question, Is The Federal Reserve’s Purpose to Target the Stock Market? 
Dr. Todd presented news of developments within the Federal Reserve as Y2K approaches, some "temporary" changes, read permanent? Walker Todd, attorney and economic consultant in private practice, formerly with the Federal Reserve Bank of Cleveland, is author of two CMRE monographs: "From Constitutional Republic to Corporate State: The Federal Reserve Board, 1931-1934" and "Time to Abolish the International Monetary Fund and the Treasury's Exchange Stabilization Fund." (See publications for his monographs Nos. 51 & 54) 

Chairman: William S. Easman, Jr. Vice President, Fleet Investment Advisors