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Author: tim443 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 457109  
Subject: Re: currency wars Date: 2/11/2013 1:14 PM
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Re: “currency wars,” it seems all nations are feeling themselves gauged by some/all the devaluations of the others. Frankly, I can’t see a lasting “form of agreement” coming out of this month’s Group of 20 meeting.


matson

I wandered quickly by your post this morning then came back because the thought of the G20 doing anything about currency wars other than fly half way around the world, eat a lot of food and have copious toasts about any agreement they manufacture seemed so completely out of place.

Countries manipulate (OK they call it rate setting) currencies constantly and while we may tut tut the Japanese for grabbing a short term lead in the race to the bottom I'm sure most of the others are trying to figure a way to trip them up so they can grab the short term lead. In truth every nation has every right to do whatever they want with their currency as long as they are willing to accept the bad with the good of trying to win the race to the bottom.

Clearly it can't work anymore than all nations can become exporters since someone has to be on the other end?

We Canucks had the good sense to do it back in the days before it became popular. }};-D


Tim
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