Money-in perspective

 

Now this is a perspective that I hadn’t thought of before.  Entire article here 

Currency exchange rates do not have absolute value, only relative value. By that I mean currencies are valued based only on the relative strength or weakness of another currency.

And the United States is not the only country that has embarked down this path of printing money.

Other major developed market economies with dollar alternatives — like the UK, Japan and the Eurozone — are taking a very similar policy path and are falling harder than the U.S.

I have been watching the rate our country is printing money and expecting that the dollar will hyper-inflate very soon, and we will all have no money.  But this does present a different twist.  If ALL the major countries, or at least most of them, are printing money at tremendous rates, that could keep the dollar from becoming worthless, at least for a time. 

You know, it makes me think…Just getting a worldwide perspective rather than a narrower national viewpoint makes things suddenly look better.  How about if we broaden that view even more and look at it from God’s perspective? 

Ah, thankfully, that panorama is actually quite rosy.  I’m so thankful that HE, rather than incompetent politicans, is in control!  Hard times are so blessedly temporary.

 

 

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About dayuntoday

I'm a wonderer. I spend a lot of time mulling, pondering, and cogitating. This is just a place to park some of those thoughts.
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7 Responses to Money-in perspective

  1. mrcolorful says:

    I doubt that world wide hyper-inflation will do anything but exacerbate the problems of money being worthless.  The international exchange rates, to my knowledge, have nothing or almost nothing to do with what we pay for goods unless the goods were imported.  Even in the case of imported goods, I can’t imagine this helping anything because if you increase both supplies then there is no reason for the exchange rates to alter by any meaningful amount.

  2. fwren says:

    Looking at things from God’s perspective just has to improve the view ~

  3. homefire says:

    @mrcolorful – Did you read the article?  The relationship of our money to other currencies is vitally important, which is WHY inflating your money supply is a very bad idea.  BUT if the countries we trade with have hyperinflated money also, then the exchange rate doesn’t change much, and we don’t become a great deal poorer if we continue to trade with them.  We might possibly get away with it for awhile.  If, on the other hand, it is only our money that is worth little, our money will very soon be gone.  I’m remembering Ernest Hemingway’s account of walking across the border to shop in Germany in 1922.  They were able to have, as he put it, “a day of heavy spending” for less than one Canadian dollar, and had money left over at the end of the day.  He recalls seeing a German man who asked wistfully how much their apples had cost.  The  twelve marks was so high that the old man was unable to afford it, but the cost to the Hemingways had only been a penny or two.  The Hemingways walked in with 90 cents, a mere pittance, and walked out with goods worth 800 times that much.    Surely you can see that conditions like that would bankrupt a country almost immediately?

  4. mrcolorful says:

    @homefire – That would bankrupt a country almost immediately.  With all the major currencies being inflated we might be able to get away with it for a little bit longer.  I wouldn’t bet on it however.  With inflation comes higher prices and people are not likely to be able to get raises quickly enough to match the inflation.  Not to mention that it will make it extremely easy for people from more responsible countries (like China) to come over here and buy us up on the cheap.  The thing you have to keep in mind here is that we will be that German man from Hemingway’s story, unable to buy anything.

  5. BooksForMe says:

    Just getting a worldwide perspective rather than a narrowernational viewpoint makes things suddenly look better.  How about if webroaden that view even more and look at it from God’s perspective? YEAH!  I like that!

  6. mcbery says:

    I have a number of different programs I do animation with. The kitty picture was a morphing program. I took two pictures and turned the one into the other one by morphing it and saving all the frames as a gif file. I love playing around with pictures. I think I was born that way.

  7. mcbery says:

    I forgot to tell you, Pathwords is a game on Facebook.

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