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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (3789)	2/1/2008 1:34:04 AM
From: Elroy Jetson	Respond to of 71475

Things got worse in Yugoslavia than I knew. I was there in 1989 and the tension and suspicion between people was palpable. It was like the place was going to explode. In East Germany for some reason people had just given up and accepted their wonky situation with the phrase, "they pretend to pay us and we pretend to work". Yet in spite of the talk that East Germans were the best paid in the Eastern Block, they seemed relatively poor compared to the Yugoslavians. But in spite of the relative prosperity Yugoslavians seemed very angry, compared with the Ossies who were all very depressed. Although this anger exploded along ethnic lines, I don't think this is really what was driving their fury - I could be wrong. .

To: Real Man who wrote (3789)	2/1/2008 2:12:04 AM
From: dybdahl	Respond to of 71475

In Ukraine, they also had a lot of inflation in the 1990s, and they started to make all contracts in U.S. dollars. Today, when you rent an appartment, the value is set in dollars, but you pay in the local currency. The government has realized that, and therefore now has a currency peg between the UAH and the USD at 5 UAH = 1 USD. However, the falling value of the dollar has created problems in Ukraine, and produced inflation. This makes people very angry, which is why they are now trying to combat inflation. However, without having their own real currency, it's a problem. I know that some are discussing to prohibit the use of US$ in contracts, and to remove the peg to the US$ in order to be able to combat inflation. Some consider to make a peg to the Euro.