Wed 9 Jun, 2004 07:04 am - wasn't the word "pegging" used?
when you have a very weak currency,
people given a chance will exchange it to dollars
and if you are a businessman you also would think of... (view)
Tue 8 Jun, 2004 06:36 pm - needsandwants
I reckon you either live in europe, us or some other 'warm' place. In countries like Russia or Argentina you would think twice whether to invest back your hard earned... (view)
Tue 8 Jun, 2004 06:24 am - [quote]Unpegging is what usually causes the capital flight, but pegging is the root.[/quote]
If you sell your goods and get a lot of pesos, what do you with it, unless you are a real patriot of... (view)
Sat 5 Jun, 2004 02:31 pm - [quote]When Japan's currency was devaluating too much we helped prop it up to keep the trade status quo.[/quote]
Im not quite sure what you are referring to. Japan needs devaluation, they... (view)
Sun 30 May, 2004 01:01 pm - [quote]What will happen to hot sandy countries that sell oil for a living...once no one else wants that black goop?
back to wandering from one water hole to the next?[/quote]
I wouldnt worry... (view)
Sun 30 May, 2004 12:44 pm - Inflation is actually healthy, currency should devalue over time, its much better than deflation or zero inflation. Its good because the system needs a constant supply of money to keep it going. We... (view)
Sun 30 May, 2004 03:09 am - You actually asked two questions, one what money is, and other why banks can land what they dont have..
On the first one all the currencies in the world are fiat money, so its only supported by... (view)
Sat 29 May, 2004 11:38 am - 4.700 $USD in China is like 25.000 in the UK. True, these are very different countries to compare. Absolute majority of Chinese never make these 5 grand a year. However there are 50 million wealthy... (view)
Sat 29 May, 2004 11:15 am - [quote]
So . this confirms my theory...no one has really got a flaming clue what money really is...
[/quote]
Well in theory, money is combined representation of the country's GDP
to... (view)
Sat 29 May, 2004 10:52 am - [quote]
Someone was saying that the USD was secure as the world's reserve currency.
But Saddam started selling oil in euros...now of course Iraqi oil has reverted to dollars.
But what... (view)
