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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: kimberley who wrote (55968)10/7/2009 2:31:28 AM
From: elmatador  Read Replies (1) | Respond to of 217975
 
That was the system that created artificial wealth: you just prop the value of a product that only you can produce and voila! you are rich!

When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in USD.

Thus propping USD value makes an American citizen need to work less to get the same amount of foreign produced goods and services

When the US Dollar gets weaker it takes more dollars to purchase the same commodity.

Thus an American citizen needs to work more to get the same amount of foreign produced goods and services.



To: kimberley who wrote (55968)10/7/2009 2:38:27 AM
From: elmatador  Respond to of 217975
 
If your imports are mostly in USD, you are happy that your exports are quote in USD.

With the changes on the exports-imports flow, USD loses relevance. So if Brazil and China have most of their trade in between themselves, it makes no sense in quote in USD.



To: kimberley who wrote (55968)10/10/2009 2:27:37 PM
From: Tucker H  Read Replies (3) | Respond to of 217975
 
Gold will fall now that the $ is firming. Short gold is the trade.


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