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Favorite currency

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coaster
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quote:
Originally posted by Offshore-Wealth.com
but the dollar lost value over the past decade.


Just a drop in the bucket compared to the last century --- oddly enough --- pretty much coincident with the period of time the Federal Reserve System has been in existence, with one of its functions being "stable prices", but ....

... oops ...

the dollar today is worth about three cents in 1913 terms.

Hmmmm .....

It does seem the Fed is not doing a very good job at what they were charged to do. Shocked

You don't suppose their other mandate of managing the money supply to promote full employment conflicts with their mandate to manage the money supply to maintain price stability?

And what's a bank doing mucking about with employment, anyhoo?

~Tim~
Post Fri Jun 15, 2012 5:26 am
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Offshore-Wealth.com
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quote:
Originally posted by coaster
quote:
Originally posted by Offshore-Wealth.com
but the dollar lost value over the past decade.


Just a drop in the bucket compared to the last century --- oddly enough --- pretty much coincident with the period of time the Federal Reserve System has been in existence, with one of its functions being "stable prices", but ....

... oops ...

the dollar today is worth about three cents in 1913 terms.

Hmmmm .....

It does seem the Fed is not doing a very good job at what they were charged to do. Shocked

You don't suppose their other mandate of managing the money supply to promote full employment conflicts with their mandate to manage the money supply to maintain price stability?

And what's a bank doing mucking about with employment, anyhoo?


Agreed,

The FED is a disaster, total fraud as I see it, self serving, and with the pressure to do a full audit, then the truth about these crooks will be out for all to see. When everyone sees the real deficit numbers, their jaws will drop as things are three times worse than fisrt thought. And as I see it, the dollar wiill be back to .13 again real soon. What goes up always comes down eventually, so a hundred year anniversary sounds about right for total collapse of dollar to happen.

Success to all,

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Post Fri Jun 15, 2012 10:44 am
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Adamdavid
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I like Euro's.
Post Fri Jun 15, 2012 12:27 pm
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ntastle
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my favorite currency is US Dollar
Post Tue Jun 19, 2012 10:49 am
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manojob
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My Favorite Currency is pounds.
Post Mon Jun 25, 2012 10:37 am
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goergecoleny
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the king of currency DOllar is my favorite.
Post Thu Jun 28, 2012 7:27 am
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Gorald
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US dollar is my favorite currency. It is the mostly traded currency of the world and offers highest amount of liquidity.
Post Sun Jul 01, 2012 5:36 pm
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MFar
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Speaking of loving currencies, can someone please explain to me why people love the dinar?
Post Tue Jul 24, 2012 2:48 pm
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jabrewde
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I like Dollars.
Anythime, Any where.
Easy & reliable.
Post Sun Aug 05, 2012 7:29 pm
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josefaryan
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My favorite currencies are USD and INR.
Post Tue Aug 07, 2012 5:23 am
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selvadoor
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Sunshine Coast Property Management  Reply with quote  

my favorite currency are Dollers and pounds
Post Wed Aug 29, 2012 6:54 pm
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anglesmith70
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I like the Euro
Post Thu Aug 30, 2012 7:12 am
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benzmen
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My favorite currency is EURO.
Post Thu Aug 30, 2012 6:15 pm
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Beadle Star
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Dinar is my favorite currency.. It's value is high as compare to other currency.
Post Thu Sep 06, 2012 6:34 am
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