Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: NOW who wrote (56793)	12/2/2004 4:28:46 PM
From: Maurice Winn	Read Replies (1) of 74559

<how does everyone devalue?> Pixelate a LOT more money. If all currencies are doubled in amount on issue, then each unit halves in size. It's like splitting shares. US$1 will still be worth the same number of yen, renmimbi, euros and kiwi, but each currency will buy half as many hamburgers as it could before the split/print-up. Because technology and markets are producing more and more for less and less, the banks and in the happy position of being able to print megabillions of new money without causing inflation. It's the biggest con-game ever. With a billion Indians set to join the billion Chinese in producing stuff, and continuing technology developments, the game can go on for decades yet. Mqurice

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