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fiatboy
Administrator
912 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/11/2008 : 21:59:07
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"Malaysia understands this, and is still willing to take the chance that by phasing out its 1-sen denomination, this being its lowest coin denomination, the nation can save on production costs without creating inflationary pressures in the processes. Malaysia's currency system is based on 100 sen equal to one ringgit."
What????????? They already got inflationary pressures or they wouldn't have to phase it out. |
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Think positive. |
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fiatboy
Administrator
912 Posts |
 Posted - 01/11/2008 : 22:09:04
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I know!
Blaming the coins....
Inflation isn't the sympton. Inflation is the cause.  |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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copperbullion
Penny Pincher Member
Australia
136 Posts |
Posted - 01/13/2008 : 05:47:22
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| Thanks for the links! Great stuff! When we lost our 1 and 2 cent coins here in Australia, the smaller shops just rounded everything up! The bigger supermarkets still price everything in odd cents and just round say 96 or 97 cents down to 95, and 98 and 99 cents up to a dollar. |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 02/07/2008 : 04:59:23
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| I watch this and clearly see that all the world’s fiat currencies are falling together, some just faster than others. The sad part is this is part of the FEDs stated purpose, to control inflation in the slow but steady manner. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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Gresham's Law hits Malaysia and Argentina
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