Our server costs ~$56 per month to run. Please consider donating or becoming a Patron to help keep the site running. Help us gain new members by following us on Twitter and liking our page on Facebook!
Current time: May 23, 2022, 4:27 am

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
1 dollar stands firmly against 1 hryvnia. Why?
#1
1 dollar stands firmly against 1 hryvnia. Why?
1 dollar stands firmly against 1 hryvnia. Why?

I am for the westernization of Ukraine. For the hryvnia to be strong
 
1 For Ukrainians, the main competitor is Russians
2 A strong army is good, but a strong currency is better
3 As a lawyer, I can develop legal services in Ukraine and Europe
4 In the UK, 75% of GDP is in the service industry
#2
RE: 1 dollar stands firmly against 1 hryvnia. Why?
How is a strong currency necessarily good?     If strong currency is good, why has the US been accusing China for 20 years of artificially keeping its currency weak to hurt the US?

Also, if your idea is to peg the Ukrainian currency to the dollar, do you think the exchange value of currency can be maintained by fiat over the long run if the currency is freely exchangeable?      If it is not freely exchangeable, and so susceptible to exchange rates set by fiat, how does that help you in branching out to Europe?

As to keeping the Ukrainian currency strong by pegging to the dollar, most economists thinks over the long ru. The dollar would be a relatively weak currency, because high debt level and low economic growth rate of the United States, the erosion of the dollar as the global reserve currency and main currency of international trade.  Wouldn’t it be better to peg it a basket of currencies?
#3
RE: 1 dollar stands firmly against 1 hryvnia. Why?
(April 18, 2021 at 5:34 am)Anomalocaris Wrote: How is a strong currency necessarily good?     If strong currency is good, why has the US been accusing China for 20 years of artificially keeping its currency artificially weak to hurt the US?

Also, if your idea is to peg the Ukrainian currency to the dollar, do you think the exchange value of currency can be maintained by fiat over the long run if the currency is freely exchangeable?      If it is not freely exchangeable, and so susceptible to exchange rates set by fiat, how does that help you in branching out to Europe?

clear
#4
RE: 1 dollar stands firmly against 1 hryvnia. Why?
Anomalocaris

then, I don't understand anything about economics
but in logic, I am a little tough
if, to paraphrase Keynes, then knowledge of the economy will not help you get rich by 100%

USA gets investment tribute, but Russia does not
#5
RE: 1 dollar stands firmly against 1 hryvnia. Why?
Why should Ukrainians communicate with Russians? It's unhealthy
#6
RE: 1 dollar stands firmly against 1 hryvnia. Why?
As Chuck said,
All fiat currencies are going down the shitter with all the stupid MMT global money spending. (govt debt).
Some do a little better than others by comparison to each other, but that just means one's erosion in buying power is slightly less shitty.

The "cheap labor" exporting nations will do a lot better this decade as they'll have trade surpluses against the weakening US dollar, hence dearer import prices.
No God, No fear.
Know God, Know fear.
#7
RE: 1 dollar stands firmly against 1 hryvnia. Why?
Moderator Notice
Thread closed due to necroposting

Boru
‘Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted.’ Ralph Waldo Emerson



Possibly Related Threads...
Thread Author Replies Views Last Post
  Why oh why are people on the righ so against LGBT folk? NuclearEnergy 10 1619 July 26, 2017 at 11:36 pm
Last Post: Amarok
  Bernie Sanders stands up to religious bigot. Mechaghostman2 4 840 June 12, 2017 at 11:01 pm
Last Post: The Industrial Atheist
  Why is the Democratic Party against the only person who could save them? Luckie 63 13175 June 3, 2017 at 9:25 pm
Last Post: dyresand
  Christie, Lips Firmly Attached To Drumpf's Ass, Tells Minimalist 4 670 August 30, 2016 at 11:55 pm
Last Post: Thumpalumpacus
  Just another reason why I'm against guns. Foxaire 12 1286 May 12, 2016 at 1:49 pm
Last Post: dyresand
  One Million Dollar Bounty for IRS Email Recovery Luckie 4 831 June 29, 2014 at 12:33 pm
Last Post: Isun
  The end of the dollar Gooders1002 5 855 January 2, 2013 at 9:57 am
Last Post: jonb
  Mitt Romney Stands up for Faith in God Abracadabra 13 3128 February 22, 2012 at 4:24 pm
Last Post: Faith No More
Exclamation The Death Penalty - are you for or against it and why? reverendjeremiah 448 206264 December 5, 2011 at 11:13 pm
Last Post: thesummerqueen
Bug Ban Religion - are you for or against it and why? reverendjeremiah 195 43161 October 17, 2011 at 5:33 pm
Last Post: Epimethean



Users browsing this thread: 1 Guest(s)