- This topic has 3 replies, 3 voices, and was last updated 11 years, 5 months ago by paramount.
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July 12, 2006 at 5:14 PM #6858July 12, 2006 at 10:39 PM #28215AnonymousGuest
I heard there’s a saying in boxing: “You can’t beat somebody with nobody.”
The Euro and its economies have their own structural problems, and their banks are at the moment concerned with the high price of the euro and plan to reduce it to help their exporters.
Japan of course has always done this, and the latin american economies as well.
I see almost everybody engaging in competitive devaluations.
I’m not convinced that banks using some euros as reserves is going to make a substantial secular difference, maybe 5 or 10%, but not a huge catastrophic problem.
If you could invest in Chinese hard assets, on the other hand—-but of course the Chinese government ensures that all foreign investors will eventually get the shaft some how.
Canada is trying to reduce the loonie.
Only Russia seems happy with the increasing strength of its oil-backed ruble.
July 13, 2006 at 6:18 AM #28223powaysellerParticipantHow do you reduce the value of your currency?
Someone posted here recently that he would invest in Canadian dollars, not in euros.
Since I can’t figure out which currency is strongest, and I know the dollar has many problems (and so do the others), it makes sense to diversify.
Is there a reason I should hold all my cash in dollars?
May 5, 2013 at 10:30 PM #761804paramountParticipant[quote=powayseller]My predictions are coming true every day.
The dollar will fall and the US economy is going into recession.
First, here’s a story about Syria ending its currency peg to the dollar.
“Syria, accused by the United States of supporting terrorism, plans to end its currency peg to the dollar by December to reflect closer trade ties with Europe, the governor of the country’s central bank said.
The bank has already converted half of its foreign-exchange reserves to euros, the central bank governor, Adib Mayaleh, said during a telephone interview from Damascus, without being more specific.
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Interesting…I wonder if there is a connection to current events in Syria?
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