Quote:
Originally Posted by Balalsubturfyooj
Lenny2 ... The value of the bonds were based of a steady or increase in the US dollars value... when the US government prints more money it devalues it worth.
Here is a link for you Mr. Lenny2
http://www.currencytrading.net/2007/...the-us-dollar/
What do you say to this ?
. |
There is no information on that link that says the U.S. is printing more money and that the effect of that printing is to devalue the dollar.
You guys are totally missing the boat. The U.S. can't control the actions of other governments or central banks. The EU and Japan have their own policies that they're implementing concerning their currency, based on their own economic needs.
If other governments take actions that strongly influence their currency's rate of exchange versus another currency, there's nothing we can do about it.
The only things the U.S. government and Federal Reserve can control is interest rates and money supply in our own country. They do this to achieve the highest level of employment possible while maintaining price stability.
Right now we have one of the lowest combined rates of unemployment and inflation in history.
What else are we supposed to do? Wreck our own economy so that people trading dollars for euro or yen can make more money?