Replies to Msg. #1091694
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 Msg. #  Subject Posted by    Board    Date   
35594 Re: Trump Says US Should Join Great Currency Manipulation Game By Devaluing Dollar
   Same to you pal. Its been a lazy day here, sleep ride eat sleep get up...
capt_nemo   POPE 5   05 Jul 2019
5:15 AM
35590 Re: Trump Says US Should Join Great Currency Manipulation Game By Devaluing Dollar
   From > http://www.thebalance.com/world-currency-3305931 However, u...
Zimbler0   POPE 5   05 Jul 2019
4:31 AM

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

By: hydro_gen in POPE 5
Thu, 04 Jul 19 8:15 PM
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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