Dollar hits $.93 in Canadian dollars (user search)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
June 18, 2024, 03:27:13 AM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  U.S. General Discussion (Moderators: The Dowager Mod, Chancellor Tanterterg)
  Dollar hits $.93 in Canadian dollars (search mode)
Pages: [1]
Author Topic: Dollar hits $.93 in Canadian dollars  (Read 5174 times)
True Federalist (진정한 연방 주의자)
Ernest
Moderators
Atlas Legend
*****
Posts: 42,144
United States


« on: November 08, 2007, 03:34:56 PM »

The Federal Reserve put in by Wilson, a democrat instead of a real central bank like every other nation is why the 2006 dollar is worth about 4 cents of a 1913 dollar.
Compared to 1913. the U.S. dollar has held up far better than the British pound, the French franc, the Itallan lira, the Portugese escudo, and the Japanese yen. (Assuming that the fixed conversion rates to the euro for the franc, lira, and escudo to the euro are used.)

Among European currencies, only the Swiss franc among can be said to have retained its value better in the period since 1913, so I fail to see how your dig about real central banks has any merit unless I misunderstood you and you meant to praise the Federal Reserve for not being one.
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.025 seconds with 12 queries.