Search
Search titles only
By:
Search titles only
By:
Forums
New posts
Search forums
What's new
New posts
Latest activity
Feedback
View Statistics
Members
Current visitors
Buy Sell Trade
WTB
Log in
Register
Search
Search titles only
By:
Search titles only
By:
New posts
Search forums
Menu
Install the app
Install
Reply to thread
Forums
The Social Lounge
General Talk
BRICS countries going forward with de-dollarization!!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
<blockquote data-quote="blr_p" data-source="post: 2514842" data-attributes="member: 10952"><p>I can give you another example. Hyperinflation in Weimar Germany in the early 20s. People using wheelbarrows full of cash to settle bills. The German currency of the time lost its purchasing power. It would be another two decades before Germany could go to war and when it did it wasn't because of lack of purchasing power but ideological.</p><p></p><p>The real question is why do you think western currency will lose its purchasing power any time soon. There are only two in consideration, dollar and euro. Since we don't have any absolute standard to measure against like gold it would be relative to some other currency. </p><p></p><p>Meaning when times get hard money flows to the US making the dollar stronger at the expense of every other which isn't entirely in US interest. So the dollar & euro would face similar against a third as yet to appear currency. Nobody knows what that third currency is.</p></blockquote><p></p>
[QUOTE="blr_p, post: 2514842, member: 10952"] I can give you another example. Hyperinflation in Weimar Germany in the early 20s. People using wheelbarrows full of cash to settle bills. The German currency of the time lost its purchasing power. It would be another two decades before Germany could go to war and when it did it wasn't because of lack of purchasing power but ideological. The real question is why do you think western currency will lose its purchasing power any time soon. There are only two in consideration, dollar and euro. Since we don't have any absolute standard to measure against like gold it would be relative to some other currency. Meaning when times get hard money flows to the US making the dollar stronger at the expense of every other which isn't entirely in US interest. So the dollar & euro would face similar against a third as yet to appear currency. Nobody knows what that third currency is. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
The Social Lounge
General Talk
BRICS countries going forward with de-dollarization!!
Top
Bottom