Argentinian Peso 3.20 to the USD Today

[RWS]

Maybe the dollar will have less worth after this 700 billion dollar government bailout? I am no economist but i imagine that a sudden cash injection into the system of 700 billion dollars would have a similar effect to those certain countries that endlessly print out money leading them to hyperinflation. . . .

The economic theory appears to be that the US$700,000,000,000.00 (plus or minus) is to replace money already destroyed by the collapses of housing prices and stock-market levels. A specious theory, I think, but there, in a nutshell, it is.

 

[Smartypants]

What about "kept under the mattress"?

Or in a Wall Safe like so many do in Recoleta.

Sure that too, cash is king

 

[Fishface]

Sure that too, cash is king

...said King One-eye of Inflation

 

[jp]

Bars of gold.
Worn round the neck, BA Baracus styleeee.

 

[MJK]

The economic theory appears to be that the US$700,000,000,000.00 (plus or minus) is to replace money already destroyed by the collapses of housing prices and stock-market levels. A specious theory, I think, but there, in a nutshell, it is.

Yes but I was thinking of it in that there will be an additional 700 billion dollars in circulation in the system

 

[soulskier]

jp, I just saw the A team on the Retro channel the other day, funny you mentioned that.

 

[Grazie]

I vividly remember someone in here in the not so very distant past said that the dollar will go as low as 2.60 for a peso. Remember when the dollar was 3.24 to every peso a few months ago?Well....

I wonder what the line of thinking is now? Strange how the value of the Arg. peso is going down if the US dollar is ALSO going down. (scratching head here)?!

 

[tangobob]

I've just read Terry Pratcett's Making Money. Is he the new economics advisor to the American government?
(By the way he has alzhiemers)

 

[tangobob]

Before I get accused of being anti American again I should point to Gordon Brown's £700 billion buy out.
Where on earth is this coming from? I know I am not an economist, but by my reconning, that is £1400 for every man woman and child in Great Britain.
I do not know the exact figures, but taking in people on social security, children, pensioners and dolies, I recon only half the country will pay this bill that means £2800 each.
Taken that average wage is £25000 and average tax allowance is about £4000 that puts 46p on the basic tax rate.