Comments on: Comparing Foreign Currencies to US Dollar (Dinar v Dollar) http://www.discusseconomics.com/foreign-exchange/comparing-foreign-currencies-to-us-dollar-dinar-v-dollar/ Topics including: credit crunch, recession articles, personal finances, debt management, interest rates, cash flow, micro and macroeconomics. Tue, 23 Feb 2010 19:37:12 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Daniel Shilina http://www.discusseconomics.com/foreign-exchange/comparing-foreign-currencies-to-us-dollar-dinar-v-dollar/comment-page-1/#comment-24742 Daniel Shilina Sun, 22 Nov 2009 21:37:34 +0000 http://www.discusseconomics.com/?p=735#comment-24742 I agree with b6zulu, the currency itself does not have any value unlike commodities like gold and Silver. It is all in how it is perceived by the people. The people are what gives a certain currency its worth and another less worth. The fiat monies come and go and there are many people that always lose everything when this happens. The U.S. Dollar is not going to be an exception. However, Gold has always been here and always will be here. And also, the U.S. Dollar is not backed by a Gold standard. This ended a long time ago. I agree with b6zulu, the currency itself does not have any value unlike commodities like gold and Silver. It is all in how it is perceived by the people. The people are what gives a certain currency its worth and another less worth. The fiat monies come and go and there are many people that always lose everything when this happens. The U.S. Dollar is not going to be an exception. However, Gold has always been here and always will be here. And also, the U.S. Dollar is not backed by a Gold standard. This ended a long time ago.

]]> By: pligg.com http://www.discusseconomics.com/foreign-exchange/comparing-foreign-currencies-to-us-dollar-dinar-v-dollar/comment-page-1/#comment-24268 pligg.com Sat, 24 Oct 2009 00:51:17 +0000 http://www.discusseconomics.com/?p=735#comment-24268 <strong>Comparing Foreign Currencies to US Dollar (Dinar v Dollar) | Discuss Economics Blog...</strong> Comparing Foreign Currencies to US Dollar (Dinar v Dollar) | Discuss Economics Blog... Comparing Foreign Currencies to US Dollar (Dinar v Dollar) | Discuss Economics Blog...

Comparing Foreign Currencies to US Dollar (Dinar v Dollar) | Discuss Economics Blog...

]]> By: barry econ http://www.discusseconomics.com/foreign-exchange/comparing-foreign-currencies-to-us-dollar-dinar-v-dollar/comment-page-1/#comment-23273 barry econ Thu, 17 Sep 2009 20:30:04 +0000 http://www.discusseconomics.com/?p=735#comment-23273 Technically the American Dollars and many other currencies are in fact backed by a gold standard. Today in 2009 gold is up so high because people have less faith in the fiat money. When you peg to international currencies then sometimes that indicates you really don't have much other than perception. Technically the American Dollars and many other currencies are in fact backed by a gold standard. Today in 2009 gold is up so high because people have less faith in the fiat money. When you peg to international currencies then sometimes that indicates you really don't have much other than perception.

]]> By: b6zulu http://www.discusseconomics.com/foreign-exchange/comparing-foreign-currencies-to-us-dollar-dinar-v-dollar/comment-page-1/#comment-23272 b6zulu Thu, 17 Sep 2009 20:29:34 +0000 http://www.discusseconomics.com/?p=735#comment-23272 Unfortunently....well maybe fortunately, currency that is exchanged today does not have value in and of itself, like a commodity does. And unlike a couple of years ago when currency was backed by a gold standard or just plain "standard" of some sort, currency today is dependent upon the supply of the coinage controlled by that government as well as the perception of worth. The "power" you speak of is all a perception, and the more people believe that perception the more worth and value the currency has. Unfortunently....well maybe fortunately, currency that is exchanged today does not have value in and of itself, like a commodity does. And unlike a couple of years ago when currency was backed by a gold standard or just plain "standard" of some sort, currency today is dependent upon the supply of the coinage controlled by that government as well as the perception of worth. The "power" you speak of is all a perception, and the more people believe that perception the more worth and value the currency has.

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