[PRCo] Re: Tiny summary to Econ-100

[Phillip Clark Campbell]

> --- Original Message ---

	* > To: pittsburgh-railways at dementia.org
	* > Subject: [PRCo] Re: Gas Prices
	* > From: Phillip Clark Campbell <pcc_sr at yahoo.com>
	* > Date: Mon, 29 Dec 2008 23:22:25 -0800 (PST)> 

> Mr.Robb;
> 
> 
> Devaluation is a world problem when each country wants
> the cheapest currency so they can be seller to the world.  
> It has been competitive devaluation that has strongly 
> contributed to current woes.  In years past everyone
> was selling to the U.S.A.  since their currencies were
> 'cheaper;'  we enjoyed bargain prices on many items.
> It may be painful for a while but having a strong
> currency has its benefits as well.  Maybe the yen will
> become the world currency and replace the $.
> 
> 
> 
> Phil


Good Grief - quote from the last item in the article:


"10. Yen to Become Currency Peg 
Asian
countries could shun dollar pegs in favor of the Chinese yen this year,
according to Saxo Bank. China's economic, political and cultural
influence is growing and shifts in market re-evaluations will favor the
country, the report added."


http://tinyurl.com/YenCurrencyPeg

http://www.saxobank.com/?id=926


Phil