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

By: capt_nemo in POPE 5 | Recommend this post (1)
Fri, 05 Jul 19 5:15 AM | 56 view(s)
Boardmark this board | Pope 5

Msg. 35594 of 62138
(This msg. is a reply to 35552 by hydro_gen)
Jump:

Same to you pal. Its been a lazy day here, sleep ride eat sleep get up go hmmmmmmmmmmmm what next LOL

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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

Msg. 35552 of 62138

<<<<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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