Tuesday, March 12, 2024

"RV UPDATE" BY PIMPY, 12 MARCH

 Pimpy

  What is the difference between a mixed economy and a market economy?  

In a mixed economy the government plays a more active role in regulating and controlling certain aspects of the economy while in a market economy, the government's role is limited to maintaining a level playing field and protecting property rights...We know right now Iraq has a mixed economy...[with] a lot of state ran businesses...

 If we went from where it is now at .00077 all the way up to $3.22, you're looking at a 4,180% increase in value.   The largest amount a currency ever revalued occurred January 1, 1948 when the Chinese government decided to revalue its currency the yuan as part of the efforts to stabilize the economy and recover from the devastation of World War II... 

The government set the new exchange rate at $1 US for every 1.4 yuan which was a 46.9% appreciation - The largest increase in value we have ever seen in the world is 46.9% in value...So Iraq is going to smash the old record of 46.9% increase in value by 4133%?  Not going to happen.  

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-pimpy-11-march_0234543005.html

No comments:

Post a Comment