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#1 Mafiree

Member since 2008 • 3704 Posts

[QUOTE="Mafiree"][QUOTE="KC_Hokie"]My point is if everyone drops the same percentage the status quo doesn't change. A country's wealth or purchasing power doesn't change. So nothing gets solved.KC_Hokie

"Every country is devaluing their currency right now except Switzerland trying to increase exports. It's not working since everyone is doing it." Well........That was your quote.....

Yea. Just like I said every reserve currency in the world is attempting the same thing in terms of currency devaluing. So nothing will get solved by copying that devaluing.

And by doing so they are increasing their exports relative to no action. So it "is" working........

11 years ago

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#2 Mafiree

Member since 2008 • 3704 Posts

[QUOTE="Mafiree"][QUOTE="KC_Hokie"]No..if every country is devaluing their currency 5% and you follow....the status quo doesn't change. Nothing was solved except a currency war which often results in a trade war including protections, tariffs, etc.KC_Hokie

Wow.......... Without currency manipulation your exports fall. So, what does currency manipulation do............

My point is if everyone drops the same percentage the status quo doesn't change. A country's wealth or purchasing power doesn't change. So nothing gets solved.

"Every country is devaluing their currency right now except Switzerland trying to increase exports. It's not working since everyone is doing it." Well........That was your quote.....

11 years ago

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#3 Mafiree

Member since 2008 • 3704 Posts

[QUOTE="Mafiree"][QUOTE="KC_Hokie"]No...if everyone devalues at the same time nothing changes. It's called a currency war.KC_Hokie

I really have to explain this? Say manipulating currency increases exports by 5%.......... Every other country manipulates currency as well and will reduce your exports by 5%...... Now if you do not manipulate your currency your exports will fall by 5%........ Conclusion....by manipulating your currency you increase your exports.

No..if every country is devaluing their currency 5% and you follow....the status quo doesn't change. Nothing was solved except a currency war which often results in a trade war including protections, tariffs, etc.

Wow.......... Without currency manipulation your exports fall. So, what does currency manipulation do............

11 years ago

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#4 Mafiree

Member since 2008 • 3704 Posts

[QUOTE="Mafiree"][QUOTE="KC_Hokie"]I do. Every country is devaluing their currency right now except Switzerland trying to increase exports. It's not working since everyone is doing it. KC_Hokie

........ And if a country didn't devalue their currency their exports would be less............So, by devaluing their currency they increased their exports.

No...if everyone devalues at the same time nothing changes. It's called a currency war.

I really have to explain this? Say manipulating currency increases exports by 5%.......... Every other country manipulates currency as well and will reduce your exports by 5%...... Now if you do not manipulate your currency your exports will fall by 5%........ Conclusion....by manipulating your currency you increase your exports.

11 years ago

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#5 Mafiree

Member since 2008 • 3704 Posts

[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]Would work if every other country in the world isn't doing the same exact thing.KC_Hokie

Hokie stop trying to act like you know anything about economics

I do. Every country is devaluing their currency right now except Switzerland trying to increase exports. It's not working since everyone is doing it.

........ And if a country didn't devalue their currency their exports would be less............So, by devaluing their currency they increased their exports.

11 years ago

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#6 Mafiree

Member since 2008 • 3704 Posts

Not much of a prank..... Getting cracked in the rib cage had to feel good.

11 years ago

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#7 Mafiree

Member since 2008 • 3704 Posts

[QUOTE="StaticOnTV"][QUOTE="Ace6301"]So why was my post deleted? https://twitter.com/CBSNews/status/301521427260125184 CBS reporting body found in the cabin. John Miller of CBS was the first to claim this. San Diego local news is reporting the body is Dorner.

Because NO OTHER SOURCE including the ones closer to the Scene have not claimed such a thing.

http://www.latimes.com/

11 years ago

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