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)
To: Chode
even with the new rate, their currency is STILL artificially propped up, the real exchange rate is probably about twice that
33 posted on
02/08/2013 7:38:40 PM PST by
GeronL
(http://asspos.blogspot.com)
To: Chode
Except that your formula gives a 100% devaluation when going from 4.3 to 8.6. Look around the web, you’ll see that I’m right (other than the idiot AP reporter).
35 posted on
02/08/2013 7:49:54 PM PST by
BobL
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