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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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International Currency Markets
Introductory data A:
http://www.fourwinds10.com/siterun_data/business/currency/news.php?q=1245363012
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China’s Got a New Currency… and It Sure AIN’T the Dollar
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Introductory data B:
http://www.lewrockwell.com/north/north722.html
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Pushing on a String
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Introductory supposition from Joe:
Consider an angle of view by which the observer intends to simplify the overly complex and confusing perspective on International Currency Markets.
Angle of view:
Suppose all new loans after midnight tonight worldwide include the following clause:
The borrower will pay monthly payments denominated in the highest value currency for the month the current payment is due.
In other words: The lender requires the borrower to pay back the borrowed “value” with the highest possible valued currency each month.
With that supposition in mind, consider responding with a constructive understanding of what that supposition illuminates.
Example:
That clause on all loans would end the current practice of supplying and maintaining fraudulent currency since all loans would quickly find (by open market or “free market” competition) the highest quality currency at the lowest cost. In effect; that clause would force central banks to produce and distribute the highest possible value currency or lose market share.