Hungary and the virtues of not being in a currency union.

[Debaser82]

1 year yielding 10%.

 

[oktiri]

but the gov can effectively default by devaluating at will. What's your problem ?

 

[Swan Noir]

The UK and the virtue of not being in a currency union.

Quote from Debaser82:

1 year yielding 10%.

 

[zdreg]

it doesn't make a difference. most currencies are going to hell.

 

[Swan Noir]

I agree ... over time the intrinsic value of most of them is zero or close to it.

Quote from zdreg:

it doesn't make a difference. most currencies are going to hell.

 

[Covertibility]

The rise of the right wing imbeciles, known as the Jobbik, could be a cause of the problem.

Google images of Jobbiks and you come up with the usual pictures when dealing with the right wing:

 

[macroman]

Quote from Covertibility:

The rise of the right wing imbeciles, known as the Jobbik, could be a cause of the problem.

Google images of Jobbiks and you come up with the usual pictures when dealing with the right wing:

blah blah blah. racism is not human made stuff. it is part of all living creature lives.

thanks to media and politician and lobyiists you get temporary coherence that ends bad. these guys are signs of times turning bad.

 

[Daal]

Quote from oktiri:

but the gov can effectively default by devaluating at will. What's your problem ?

The problem is all the debt they have that is not denominated in the national currency