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Author Topic: What is the strongest fiat currency in the world today?  (Read 7139 times)
Swordsoffreedom
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March 16, 2014, 07:44:43 AM
 #41

It seems the USD buys less and less each day, I wonder how other currencies are going compaired to USD.

Purchasing power after inflation has been decreasing for quite some time
Federal Reserve and Fractional Reserves are not very helpful either
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March 16, 2014, 10:57:38 AM
 #42

EUR is currently the strongest (BIG) currency.

All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.

However Super Mario may eventually start printing too, he was trying to show his balls lately.

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March 16, 2014, 06:59:15 PM
 #43

USD as it is widely spread and I think there is no country that doesn't accept USD.
Also I think that UK pounds are less volatile so it's strong fiat currency
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March 16, 2014, 07:03:16 PM
 #44

Hey,

This new book might be an interesting read: http://www.economist.com/news/finance-and-economics/21598651-new-book-examines-worlds-love-hate-relationship-dollar-once-and

Author makes the case that there is really no alternative to the US dollar just yet (of course he doesn't discuss virtual currencies  Wink)

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March 16, 2014, 09:42:35 PM
 #45

EUR is currently the strongest (BIG) currency.

All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.

However Super Mario may eventually start printing too, he was trying to show his balls lately.

Well, the Euro runs an actual inflation (not the fake government stats) anywhere between 3% and 5%, well beyond their 2% target, alongside a 0.25% central bank interest rate.
So in a sense, it shares exactly the same fate like the USD and similar currencies.

As the ECB usually goes into offensive mode near ~1.35$/Euro and into overdrive printing at about 1.37$/Euro, they just debase enough to keep pace with all the other main suicidal FIAT currencies.

All it takes for the Euro to nosedive would be some of the bigger PIIGS run into inabilities to pay their debt, which is as certain as the amen in a church. So far, Super Mario's "extend & pretend" policy of empty words & promises worked more or less. Still, nothing but kicking the can down the road. And we're not even talking all the Euro-denominated unfunded liabilities...
As soon as some real stress hits the Euro, one nation will leave it, many will soon follow.

Seeing Germany at the "core of stability" in the Euro area (collateral lender and backstop of last resort), note that Deutsche Bank is levered like 1:65 already and is one of the most dangerous (failprone) banks on the planet. Our german insurers already ran into serious trouble due to ZIRP and are (as we speak) cutting back on their customer payouts for the very first time in many decades. Similar financial institutions are likely to follow, including pension funds.

Nothing is fixed in Europe, we're just a few years further back on the timeline as more troubled nations. But we're on exactly the same track. Most older Germans view the Euro as the political Monopoly paper it really is, plus they remember the Deutsche Mark (and miss it) too well. Most people of Europe never wanted the Euro, it was put in place by the bankers using their unelected talking heads in Brussels.

In short : it cannot survive.

PS.
The way I see it, most of the FIAT planet had its first encounter with the debt-black-hole in 2008. The only reason TPTB still exist and operate were their central banks going into overdrive on all engines to avoid crossing the event horizon.
However, this merely brought us into an elliptic orbit around that black hole and it won't let go. Right now (as we speak), after a period of seemingly calm flight, we're already headed right back into it, possibly making the next pass already this year. And with every iteration, the stress on the whole corrupt, debt-overloaded system will increase, until it simply breaks apart in a great, colorful show of cascading structural failures.
It's mathematically unavoidable if all the nations stay their course - being owned by their central banks, that's what they're programmed to do, keeping the sheeple calm right until impact.

Since years, those who were able to count 1+1 and had enough braincells and ability to prepare, were and are actively doing so.

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March 17, 2014, 07:13:09 AM
 #46

Of all the FX majors, I think NOK is strongest.  Short EUR against NOK.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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March 17, 2014, 12:24:51 PM
 #47

The Swiss franc is pretty strong, compared to most other currencies atm, as it's purchasing power is pretty stable against the other big currencies.
Someone I know works for a financial firm in Zurich, and he's very happy to be paid in CHF.

It is tied to the Euro now.  Central bank policy.  CHF strength is history.


Interesting, I wasn't aware of this. Thanks for the info.

Neither was I, delightful info there.

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Swordsoffreedom
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March 17, 2014, 08:12:12 PM
 #48

Thinking about it I will say the Chinese
They have a nice stockpile of gold missing gold and a lot of resource inputs that back up the currency
The Chinese are also in a position to tentatively bring a gold standard and become the worlds reserve currency of the US and has accumulated a few bitcoins  so they have a lot of potential.
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March 17, 2014, 10:39:49 PM
 #49

EURO is the most strongest currency i would and if you are asking about the worth in conversion then its kuwati riyal( correct me if iam wrong) which cost somewhat around 3.55usd per riyal.  Smiley

Definitely the Euro
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March 17, 2014, 10:42:07 PM
 #50

Of all the FX majors, I think NOK is strongest.  Short EUR against NOK.

Except for the fact that the Eur/Nok has risen from 7.40 to 8.40 over the last year. That tells me the Euro is much stronger:

http://finance.yahoo.com/echarts?s=EURNOK%3DX+Interactive#symbol=;range=2y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;
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March 21, 2014, 12:56:42 PM
 #51

EUR is currently the strongest (BIG) currency.

All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.

However Super Mario may eventually start printing too, he was trying to show his balls lately.

Well, the Euro runs an actual inflation (not the fake government stats) anywhere between 3% and 5%, well beyond their 2% target, alongside a 0.25% central bank interest rate.
So in a sense, it shares exactly the same fate like the USD and similar currencies.

As the ECB usually goes into offensive mode near ~1.35$/Euro and into overdrive printing at about 1.37$/Euro, they just debase enough to keep pace with all the other main suicidal FIAT currencies.

All it takes for the Euro to nosedive would be some of the bigger PIIGS run into inabilities to pay their debt, which is as certain as the amen in a church. So far, Super Mario's "extend & pretend" policy of empty words & promises worked more or less. Still, nothing but kicking the can down the road. And we're not even talking all the Euro-denominated unfunded liabilities...
As soon as some real stress hits the Euro, one nation will leave it, many will soon follow.

Seeing Germany at the "core of stability" in the Euro area (collateral lender and backstop of last resort), note that Deutsche Bank is levered like 1:65 already and is one of the most dangerous (failprone) banks on the planet. Our german insurers already ran into serious trouble due to ZIRP and are (as we speak) cutting back on their customer payouts for the very first time in many decades. Similar financial institutions are likely to follow, including pension funds.

Nothing is fixed in Europe, we're just a few years further back on the timeline as more troubled nations. But we're on exactly the same track. Most older Germans view the Euro as the political Monopoly paper it really is, plus they remember the Deutsche Mark (and miss it) too well. Most people of Europe never wanted the Euro, it was put in place by the bankers using their unelected talking heads in Brussels.

In short : it cannot survive.

PS.
The way I see it, most of the FIAT planet had its first encounter with the debt-black-hole in 2008. The only reason TPTB still exist and operate were their central banks going into overdrive on all engines to avoid crossing the event horizon.
However, this merely brought us into an elliptic orbit around that black hole and it won't let go. Right now (as we speak), after a period of seemingly calm flight, we're already headed right back into it, possibly making the next pass already this year. And with every iteration, the stress on the whole corrupt, debt-overloaded system will increase, until it simply breaks apart in a great, colorful show of cascading structural failures.
It's mathematically unavoidable if all the nations stay their course - being owned by their central banks, that's what they're programmed to do, keeping the sheeple calm right until impact.

Since years, those who were able to count 1+1 and had enough braincells and ability to prepare, were and are actively doing so.

Very good post!

Yes, everybody who is in Europe and has their eyes open can see that we are on exactly the same part. But I'm happy we are not printing full-speed at the moment, one becomes modest over time...

How long do you think it will take to fall apart?

If the US or Chinese economy tanks, it will take the world economy with it, so we probably won't have to wait that long... it's all linked...

Can you tell me if Europe is even printing anything at the moment and if yes, how they do it? I'm not clear about that.
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March 21, 2014, 02:01:03 PM
 #52

Even with it's immense problems, the euro has outperformed the dollar dramatically.

Europe still has real industry and is the leading producer of high value goods. As an example Emilia Romagna in Italy out produces NYC by multiples despite having 1/2 the population.

It is impossible for the ECB to fight against a strengthening euro against USD, they would have to close down half of German industry. The eurozone as a whole has generally balanced trade. Imports ~ Exports

American dollar has caught a bid namely from the shale oil and gas.

There is no strong fiat currency, they generally fluctuate amongst themselves in a given range.

Paper fiat will gain value over the next few years, as bad debts continuing wrecking bank balance sheets. Hyperinflation as most on here are convinced of, is next to impossible in a credit driven monetary system.
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March 21, 2014, 07:05:17 PM
 #53

EURO is the most strongest currency i would and if you are asking about the worth in conversion then its kuwati riyal( correct me if iam wrong) which cost somewhat around 3.55usd per riyal.  Smiley

Definitely the Euro

Strong is too much of a vague word to describe currency.  The Swiss Franc if it wasn't peg would be one of the strongest in the world but far that is somewhat easily trades.  Norway and Kuwait also have very strong currencies but are thinly traded (relatively).  Yuan is pegged and manipulated too much.  Euro will fail at some point, too much difference in economies between southern and northern Europe.  The USD is the most widely used and is backed by the highest GDP that isn't pegged to anything.  So which is strongest?! Smiley

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March 21, 2014, 08:30:11 PM
 #54

Of all the FX majors, I think NOK is strongest.  Short EUR against NOK.

Except for the fact that the Eur/Nok has risen from 7.40 to 8.40 over the last year. That tells me the Euro is much stronger:

http://finance.yahoo.com/echarts?s=EURNOK%3DX+Interactive#symbol=;range=2y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;

That tells you it WAS stronger, not that it IS stronger.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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March 21, 2014, 08:57:52 PM
 #55

EUR is currently the strongest (BIG) currency.

All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.

However Super Mario may eventually start printing too, he was trying to show his balls lately.


Hahaha the Euro?  You have got to be kidding me.  Europe isn't a ponzi scheme?  That's why they let in serial defaulters like Greece, Italy, etc.?  They're called PIIGS for a reason and countries like Germany have to constantly bail them out in order to keep the Euro from collapsing.  What is it 17+ sovereign nations with totally different laws under one currency?  Yeah there's some real strength there  Roll Eyes

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March 21, 2014, 09:38:05 PM
 #56

The Kuwaiti Dinar (not Riyal) is the worlds highest valued fiat currency unit. However, it is pegged to the US dollar.

In fact, a large mcdonalds fish fillet meal is 1.45 KWD, (Kuwaiti Dinar)

Source: I live in Kuwait above a McDonalds
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March 22, 2014, 10:37:30 AM
 #57

The Euro

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March 22, 2014, 12:10:10 PM
 #58

there is no obvious answer to this question because there is no one strongest fiat currency in the world
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March 22, 2014, 01:28:11 PM
 #59

Hyperinflation as most on here are convinced of, is next to impossible in a credit driven monetary system.

Why do you think that?
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March 22, 2014, 03:16:03 PM
 #60

EUR is currently the strongest (BIG) currency.

All the other Central banks are printing there currency like "mad cows" atm.
Central bank of Europe isnt joining in this ponzi scheme created by all other central Banks.

However Super Mario may eventually start printing too, he was trying to show his balls lately.

Well, the Euro runs an actual inflation (not the fake government stats) anywhere between 3% and 5%, well beyond their 2% target, alongside a 0.25% central bank interest rate.
So in a sense, it shares exactly the same fate like the USD and similar currencies.

As the ECB usually goes into offensive mode near ~1.35$/Euro and into overdrive printing at about 1.37$/Euro, they just debase enough to keep pace with all the other main suicidal FIAT currencies.

All it takes for the Euro to nosedive would be some of the bigger PIIGS run into inabilities to pay their debt, which is as certain as the amen in a church. So far, Super Mario's "extend & pretend" policy of empty words & promises worked more or less. Still, nothing but kicking the can down the road. And we're not even talking all the Euro-denominated unfunded liabilities...
As soon as some real stress hits the Euro, one nation will leave it, many will soon follow.

Seeing Germany at the "core of stability" in the Euro area (collateral lender and backstop of last resort), note that Deutsche Bank is levered like 1:65 already and is one of the most dangerous (failprone) banks on the planet. Our german insurers already ran into serious trouble due to ZIRP and are (as we speak) cutting back on their customer payouts for the very first time in many decades. Similar financial institutions are likely to follow, including pension funds.

Nothing is fixed in Europe, we're just a few years further back on the timeline as more troubled nations. But we're on exactly the same track. Most older Germans view the Euro as the political Monopoly paper it really is, plus they remember the Deutsche Mark (and miss it) too well. Most people of Europe never wanted the Euro, it was put in place by the bankers using their unelected talking heads in Brussels.

In short : it cannot survive.

PS.
The way I see it, most of the FIAT planet had its first encounter with the debt-black-hole in 2008. The only reason TPTB still exist and operate were their central banks going into overdrive on all engines to avoid crossing the event horizon.
However, this merely brought us into an elliptic orbit around that black hole and it won't let go. Right now (as we speak), after a period of seemingly calm flight, we're already headed right back into it, possibly making the next pass already this year. And with every iteration, the stress on the whole corrupt, debt-overloaded system will increase, until it simply breaks apart in a great, colorful show of cascading structural failures.
It's mathematically unavoidable if all the nations stay their course - being owned by their central banks, that's what they're programmed to do, keeping the sheeple calm right until impact.

Since years, those who were able to count 1+1 and had enough braincells and ability to prepare, were and are actively doing so.

I totally agree with you, and I want to thank you for explaining my point clearer. Maybe I should have said that in my opinion the EUR is the strongest of the WEAK currencies.
at the end it's all about who wins the current currency war, or who may the first to grow a brain.

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