http://www.bloomberg.com/markets/index.html

If someone has time and knowledge, could you look at this site and explain currency values and how one should understand the relationship between these various instruments of exchange as given here????

Many thanks in advance.....Tommy

-- Tommy Rogers (Been there@Just a Thought.com), January 27, 2000

Answers

I didn't see a specific article on the page -- just an index page.

However -- the reason countries all have established national currencies in recent times, as opposed to using real money, gold and silver, is that the apparent "value" of currencies can be more easily manipulated than something real, like gold, silver, beaver pelts, whatever.

Consider that the British Pound (Sterling) was originally a POUND (tha's right, a POUND) of SILVER. Now, what is a Brit Pound? It is just fiat. It is not related to ANYTHING, other than other fiat currencies.

As to relative valuation of the currencies, that is pretty much determined on the commodities/futures markets, at least for the major currencies.

Another valuation method is "purchasing power parity." One (humourous ) example is the "Big Mac Index" -- considering the price of a Big Mac in various countries in local currency and comparing the price converted to dollars by official and unofficial exchange rates vs. the U.S. price.

Bottom line -- it's all a fricking pizzacrepe established by TPTB, for TPTB, and to screw you.

For one example of a real money sotrage and payments system:
http://www.e-gold.com

-- A (A@AisA.com), January 27, 2000.

"sotrage" should be "storage"

-- A (A@AisA.com), January 27, 2000.