PDA

View Full Version : The value of the U.S. dollar’s a matter of opinion.



Supposn
04-27-2011, 05:25 PM
The reputation of any currency is a matter of opinion.

The value of a currency, (similar to many goods) is somewhat dependent upon buyers’ opinions; we’re uncomfortable considering the extent of subjectivity that’s factored into the value of any currency.

If those who pretend to manage governments’ currencies honestly consider the consequences of panic, they must often suffer and are awaken from their nightmares.

Panic is powerful force; a currency can power dive driven by panic. Fearing the repercussions due to legislators’ publicly considering default of U.S. debts is not a foolish consideration.

Brazil’s experience demonstrates the great extent of opinions effect upon currencies values. It’s a remarkable story.

http://www.npr.org/blogs/money/2010/10/04/130329523/how-fake-money-saved-brazil

Respectfully, Supposn

fj1200
04-28-2011, 12:26 AM
Monetary stability, restrain money growth... and the introduction of a new currency PEGGED TO THE DOLLAR (http://en.wikipedia.org/wiki/Economic_history_of_Brazil#1990-93_period).

You'll believe anything won't you? I can see how NPR would swallow this thing whole too.

Monkeybone
04-29-2011, 10:06 AM
Remember FJ, if they say something enough times then it is true.

fj1200
04-29-2011, 10:51 AM
Remember FJ, if they say something enough times then it is true.

No it's not. Nevertheless, to what would you be referring?