The weakening dollars

[Oversea Visitor]

China revalue currency upwards by 2+%
Malaysia following too on this

Net result will be that the dollars will be weaken
Both countries has maintain a peg on US dollars for so long
Indirectly this help the value of US Dollars
With this move US dollars will likely slide more
GOLD anyone hey.

[Wetzelbill]

1. I must confess I am weak in this area

not good the numbers stuff or strength of the dollar vs etc...

[Oversea Visitor]

3. Really simple hey

China and Malaysia peg to US dollars. Hence all in a basket.
Both China and Malaysia has being accuse of unfair practise as it does not reflect the true value of their currencies against the US dollars ( Peg was done in 1997/98 ) Since then US dollar has slide by about 30%.
Both countries good economic performance helps to strengthen the dollars as they all in the same basket.
I am from Malaysia hey and we refuse to adjust cause China refuse to adjust.
Now they do we just follow. I think China is going to go for gradual repeg ... wont be surprise they slowly move up value by 10%.
This will cause the US dollars to slide more as Bush too stupid on domestic policy to help the US dollars.
Think China just warning US they not going to support the US dollars no more. Jitters all round hey.

[Tace]

2. Yes, Gold hey

: )

[Tux]

4. Mmmmm

Gold. How about dianmonds? Or barrels of oil in a warehouse? Or platnium? Or frozen food when another Depression hits?

[wli]

5. trying to get a Euro-denominated bank account

Doing this without residency in a Euro-using country is "difficult" (or so it appears). Any tips?