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.
Strategies & Market Trends : Asia Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RagTimeBand who wrote (381)1/4/1998 8:20:00 AM
From: Jack Clarke  Read Replies (2) of 9980
 
Emory,

Thanks. I am a little slow in understanding currencies and manipulations; (I'm not being facetious). How does a government go about devaluing its currency? I've heard of countries with hyperinflation who declare one morning, that from that time forward, one may remove x number of zeroes from the notes they hold. One thousand fecalonias from the Republic of Garbagia, for example, are now only worth ten. That I can understand.

But how is the US to make the dollar worth fewer Yen without such a formal announcement? Does the FED sell dollars in the open market to bring down the price? I think Zeev explained this to me once, but my head is thick about these matters. I'll look up his post, too.

Thanks,

Jack
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