SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Earlie who wrote (240131)5/12/2003 7:50:21 AM
From: zonder  Read Replies (1) of 436258
 
There are instruments available for manipulation of a currency known to every graduate of Econ 101. While these would not forever hold an avalanche of selling, they would hold and hinder the USD's depreciation. Needless to say, we have not seen evidence of any. So, either Snow et al are woefully incompetent, or they in fact "favour" a weaker USD, despite their declarations to the contrary.

While these two choices are obviously not mutually exclusive, I believe the latter explains better the USD's recent depreciation, especially remembering the November 2002 speech of Fed Governor Bernanke where he went to considerable pains to explain just how printing money decreases its value and how that is a Very Good Thing.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News