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To: Chode

“two points, 1)if it went from 4.3 to 8.6, that would be 100% devaluation

I see your humor in trying imitate the idiocy of the media types - not bad. Obviously, a 100% devaluation would mean that the currency is worthless - i.e., from 4.3 per dollar to infinity per dollar.

But good one anyway.


30 posted on 02/08/2013 6:52:16 PM PST by BobL
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To: BobL
no, going from 4.3 to 8.6 would simply mean your buying power has been cut in half and it now takes two dollars to buy what one did before because it has been devalued, not worthless/worth nothing but 1/2 as much
32 posted on 02/08/2013 7:35:12 PM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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