Mon, Oct 20, 2014, 11:53 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

American Capital Agency Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • yourbestfriendintheworld yourbestfriendintheworld Mar 18, 2011 12:52 AM Flag

    Question Re Repatriation & yen/dollar

    No. You're right. Having different currencies is lunacy, for the simple reason that it adds another way for fixers to profit from people's desperation.

    And you're right that it's all up to your personal stake in the matter as to whether your home currency should be strong. If you're a producer, you want it weak. At least until you retire. If you're a consumer, you want it strong, until you retire, then you want it stronger. If you're an investor, you want it strong while you're buying, then weak while your investments are growing, then strong right after you cash-out. Treating cash as a commodity is a strategy, but the recursiveness of valuing cash in cash terms is, again, lunacy. Which is why having another currency to value it in is lunacy.

    But that's how sovereign nations behave. They mint their own coin, and set its value by fiat in some cases, so the other nations insist on being independent of the lunacy of lunatic sovereigns. So we're stuck with worldwide lunacy.

    Nations manipulate their currency valuations to help their political situation internally; make it stronger to help the consumers; make it weaker to help the producers, hence in a roundabout way the workers, but they get screwed out of their share by the owners, so that's macchiavellian politics, really.

22.66+0.21(+0.94%)Oct 20 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.