South Africa Flag logo

South African Skeptics

July 17, 2019, 02:38:54 AM
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
Go to mobile page.
News: Follow saskeptics on twitter.
   
   Skeptic Forum Board Index   Help Forum Rules Search GoogleTagged Login Register Chat Blogroll  
Pages: 1 [2]  All   Go Down
  Print  
Author Topic:

Fiat Currencies (Dollar particularly)

 (Read 1752 times)
0 Members and 1 Guest are viewing this topic.
Brian
Hero Member
*****

Skeptical ability: +8/-1
Offline Offline

Posts: 1367


I think therefor I am, I think


« Reply #15 on: January 28, 2014, 14:59:05 PM »

I wonder why they decided to leave the gold standard in the first place...

Exactly: and 'coz the Yanks didn't like it and favoured the notion of a global currency (the USD of course): they were also obliged to buy the gold from us (to back up the value of the dollar) and bury it again at Ft Knox.....simplistic view though!

More seriously, the lessons from the EU and its euro are manifest.  The Germans and French aren’t overly enchanted about having their national productivity exploited to support, perhaps even to fund the inefficiencies and excesses of the Portuguese, Spanish, Greeks, Italians, etc.

'Luthon64
Absolutely! The value of a currency is largely derived from the value it represents in its area of validity: this a among others a function of labour- and capital productivity. When the Euro was launched I predicted its eventual failure due to my view that a Greek hamburger will cost more than a German Hamburger to produce. The political machinations of the EC and its members will ultimately have to bow their knees to this reality or pay the price (propping up by more productive nations to keep it alive, at the cost of the taxpayers in those countries.
Logged
st0nes
Hero Member
*****

Skeptical ability: +10/-1
Offline Offline

Posts: 942



mark.widdicombe1
WWW
« Reply #16 on: February 06, 2014, 15:25:41 PM »

Here's what Tony Leon has to say on the subject. I predict that it will all end in tears, fairly soon.
Logged
Brian
Hero Member
*****

Skeptical ability: +8/-1
Offline Offline

Posts: 1367


I think therefor I am, I think


« Reply #17 on: February 06, 2014, 15:39:39 PM »

heheh Tony Leon or Leon Louw?
Logged
st0nes
Hero Member
*****

Skeptical ability: +10/-1
Offline Offline

Posts: 942



mark.widdicombe1
WWW
« Reply #18 on: February 06, 2014, 15:41:41 PM »

heheh Tony Leon or Leon Louw?
Bah!  It's late....
Logged
Pages: 1 [2]  All   Go Up
  Print  
GoogleTagged: com google


 
Jump to:  

Powered by SMF 1.1.11 | SMF © 2006-2009, Simple Machines LLC
Page created in 0.271 seconds with 24 sceptic queries.
Google visited last this page February 04, 2019, 17:57:48 PM
Privacy Policy