Pimpy

Pimpy – Dinar Guru   A “dirty float or managed float” you let the market determine the value of the currency but if it goes too far one way or the other the bank can intervene and fix it.  In other words peg it to something for a second.  There’s been a lot of talk about the currency.  Are they going to free float it?  The funny thing is why are they having these types of conversations?  If we’re being told the rate is going to remain the same for the next 3 to 5 years whey do they have these conversations going on…I’ll tell you why.  It’s because they have no intentions of on keeping this rate fixed for that long.  It’s just not going to happen…  [Post 2 of 2]

This entry was posted in Uncategorized. Bookmark the permalink.