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

To: Maurice Winn who wrote (99169)	3/15/2013 11:06:03 PM
From: elmatador	Respond to of 220045

The money that you measure a good has an effect on the price of said good. If our world currency is steady and is no volatile, we can trade using that currency. That was the 'action among friends (the G-7 countries) of the post WW II period. Then US in August 1971 decide it no longer gives gold in return to the currency other countries held. Count the years that houses in NZ went up. 40 years. Coincides with 1971. The world currency from 1971 onwards was no longer steady. Became volatile. To continue to have world currency status, and being accepted as the currency used in trade, the 'action among friends' (the G-7 countries) became a currency cartel. And they from Louvre accord to Plaza accord adjusting their currencies to keep the status of the world currency. Forty years ago, as world currency loses value, people started asking for more of their local currencies to relinquish possession of what they have and goods and services became more expensive. Free from tyranny of the currency cartel aka the G-7, Brazil skyrockets the Brazilian Real gains value and they need now less of their currency to pay for the foreign goods they need. As G7 countries discovered that had kept their currencies artificially high, they are hard at work depreciating their currencies. What Brazil finance minister called currencies wars. Of course there is people who knows just a part of the story and cannot correlate what is going on across geographies and time. But, luckily they have Elmat to teach them here in this thread...