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PostPosted: 07 Feb 2017, 02:09 
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The Americans talk a lot about USD strength. No idea where they see this strength.

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PostPosted: 07 Feb 2017, 02:26 
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BLK wrote: The Americans talk a lot about USD strength. No idea where they see this strength.
i can explain, partially. USD is the strongest world currency. In local markets like EU, or Russia or China, ofcourse their local currency is strong and it is patriotic to try to promote your countrys currency.

The reason USD is so strong is because there is so much of it worldwide. Everyone has a dollar, every country, and it is an international currency. You might be better off with your Euro in the economically collapsing Europe, but nobody cares or knows about your Euro in many parts of the world.

The USD does have a lot of debt associated with it. Which is bad (although some argue its good), but because it is such a strong and STABLE currency, it is still reliable. Many economists have been long predicting for decades every year that the dollar will collapse due to its debt. But it hasnt. These forecasts started decades ago, yet the dollar stands as it always has.

The reason USD still stands I think has to do with 2 reasons, which help one another: 1) The majority of people dont think anything will happen to US. They were born and raised and never saw big fluctuations in the USD value. 2) Many people own a USD so its not in their interest for the USD to go down

The stories about USD being weak and collapsing is a common story I heard every day in Russia. It was just russians doing anything to feel better about themselves, many nationalities tell themsevles lies like this all the time. Same stories I hear today from my friends in Moscow who say "Aeroflot is the safest airline, I will fly with them" and these are grown ass adults believing this shit.


Last edited by Arty on 07 Feb 2017, 02:31, edited 1 time in total.

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PostPosted: 07 Feb 2017, 02:29 
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Or the fact that oil prices are measured by USD.


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PostPosted: 07 Feb 2017, 02:32 
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Or the fact that people are still buying US treasury notes. Strength lies in stability and transparency. Other currencies simply cannot match.


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PostPosted: 07 Feb 2017, 02:39 
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what is the most reliable or strongest or the best prospect currency if not the USD?


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PostPosted: 07 Feb 2017, 02:43 
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My bias is for the GBP.


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PostPosted: 07 Feb 2017, 03:11 
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CHF and Kiwi.

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PostPosted: 07 Feb 2017, 04:10 
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BLK wrote: CHF and Kiwi.
I went to Geneva once. Came back to Russia and took me almost a day to find a bank which would take my Swiss Franks. In the end, some hotel out of pity exchanged them for me but at a very bad rate

even if its a stable currency, its just not popular as USD nor is it backed by any huge load of gold like the Federal Reserve

same thing for the british pound

If switzerland or Britain started importing 50 times more per year then maybe their currency would become more popular and internationally accepted


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PostPosted: 07 Feb 2017, 04:15 
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Since when is the Federal Reserve backed by gold?


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PostPosted: 07 Feb 2017, 04:32 
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diz wrote: Since when is the Federal Reserve backed by gold?
Gold standard ceased to exist when Nixon signed it off.


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