Interesting
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http://www.house.gov/paul/congrec/congrec2006/cr021506.htm[^]I want comments from people who understand economics. - बुरा जो देखण मै चला, बुरा न िमलया कोय, जो मन खोजा आपणा तो मुझसे बुरा न कोय। Translation
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http://www.house.gov/paul/congrec/congrec2006/cr021506.htm[^]I want comments from people who understand economics. - बुरा जो देखण मै चला, बुरा न िमलया कोय, जो मन खोजा आपणा तो मुझसे बुरा न कोय। Translation
Well, some true words I think. Let's take a look at stability. There were other currencies with a greater stability (take DM or the Swizz Franken only for example), but the Dollar were taken for most international transactions. Why? The US is much bigger than Swiss or Germany and it was the biggest economic area. The US was (and is) one of the greatest military powers. These points lead to the strength of the dollar, too. Today the US is still the biggest military power, but it isn't the biggest economic area. The EU (with the Euro) is greater and yet the Euro is stable like the DM. China still grows in economy and will be a big market, too, but without stability in market laws yet. The EU has political power, too. Two(?) years ago there was a survey. Many people from many different countries were ask, which nations are the most powerful. Incredible for all Germans was, that Germany was "elected" to be the second powerful country after the US (and I still don't believe it). But this poll shows that Europe will grow to some stregth again. And so the importance of the US will decrease a little bit, after being the last big power for years. All these factors will change the influence of currencies, too. And so the dollar isn't the only big currency and perhaps it will be replaced (in it's relevancy) by another currency. It mustn't be the Euro but it's a possible scenario. Greetings, Ingo ------------------------------ PROST Roleplaying Game War doesn't determine who's right. War determines who's left.
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http://www.house.gov/paul/congrec/congrec2006/cr021506.htm[^]I want comments from people who understand economics. - बुरा जो देखण मै चला, बुरा न िमलया कोय, जो मन खोजा आपणा तो मुझसे बुरा न कोय। Translation
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http://www.house.gov/paul/congrec/congrec2006/cr021506.htm[^]I want comments from people who understand economics. - बुरा जो देखण मै चला, बुरा न िमलया कोय, जो मन खोजा आपणा तो मुझसे बुरा न कोय। Translation
I didn't read it all, browsed only, but I have two comments: 1. If you haven't already, you should really post this in the SoapBox and get the wise and witty opinions of people like Stan, who will set you straight. 2. It looks like a lot of drivel intermingled with fact to suck you in and get you to believe his wild conjectures and conclusions. The guy should be a spin doctor. Marc Pensieve Some people believe what the bible says. Literally. At least [with Wikipedia] you have the chance to correct the wiki -- Jörgen Sigvardsson
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http://www.house.gov/paul/congrec/congrec2006/cr021506.htm[^]I want comments from people who understand economics. - बुरा जो देखण मै चला, बुरा न िमलया कोय, जो मन खोजा आपणा तो मुझसे बुरा न कोय। Translation
Take into account that this guy is a politician. I had a brief look at it and the statement about gold no longer being the world currency and paper being the world currency is absolutely false. Paper is a currency of choice, but it is being replaced by credit cards and digital transactions. Gold is really the currency of the world because credit cards are based upon paper, and paper is based upon gold. Look closely at a bill, likely it will say something like "will pay the bearer amount in gold, or precious metals at the treasury of the " Currency exchange is also based on the economy of the country issuing and what percentage of their currency is backedup on the "gold standard" basically how much gold the country has to guarantee their currency. Also, why would countries store large sums of money at places like Fort Knox if there was no trade in gold? It would just be a waste of money, until you understand that the gold reserve at Fort Knox is the basis for the security of the United States currency. Hope that helps:)