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Re: Trump Says US Should Join Great Currency Manipulation Game By Devaluing Dollar 

By: hydro_gen in POPE 5 | Recommend this post (1)
Thu, 04 Jul 19 8:15 PM | 52 view(s)
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Msg. 35552 of 62138
(This msg. is a reply to 35548 by Zimbler0)

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<<<<I have to disagree with this.
The reason the dollar IS the worlds primary trading currency is the fact that we have not (at least not nearly as badly) been devaluing the dollar the way most other currencies have been>>>>

The dollar is only worth 16 cents to what a dollar was worth when we went off the gold standard in 1971 - that represents an 83.8% devaluation via inflation.
http://www.in2013dollars.com/2018-dollars-in-1971?amount=1

You might read up about the Bretton Woods agreement as to why the USD is the worlds primary currency.
http://www.thebalance.com/world-currency-3305931

HAPPY 4th of July everyone!!

PEACE

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The above is a reply to the following message:
Re: Trump Says US Should Join "Great Currency Manipulation Game" By Devaluing Dollar
By: Zimbler0
in POPE 5
Thu, 04 Jul 19 7:42 PM
Msg. 35548 of 62138

>>>
Trump Says US Should Join "Great Currency Manipulation Game" By Devaluing Dollar
>>>


I have to disagree with this.
The reason the dollar IS the worlds primary trading currency
is the fact that we have not (at least not nearly as badly)
been devaluing the dollar the way most other currencies have
been.

Of course, it is also possible Trump is rattling the rest
of the worlds cages with the suggestion.

Zim.


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