Hello Pezz, Today's Report:
The financial refugees are once again on the move.
I looked around my neighborhood for an escape portal readying for triple waterfall galaxy-wide re-pricing. I found one possible wormhole to a parallel monetary universe, and so decided to test it out by sending a tranche-strength hoard of exposed HKD into the portal to seek shelter on the other side.
The hoard emerged from the other end of the wormhole, less passage money, as SGD (Singapore Dollars).
SGD is somewhat like the Swiss Franc, but based in an neighborhood of greater instability, under the protection of the US aircraft carriers, ruled by steady and wise folks, minus the reality of democratic mob, add on the fiction of electorate governance, and should the Asian currencies revalue against the USD, would ride along, without the baggage of Thai Baht, Korean Won, Japanese Yen, Taiwan NDollar, Indonesian this and Philippines that, and less of the dangers of Malaysian capital control and Mainland China same.
Chugs, Jay |
