Naam Posted January 18, 2012 Share Posted January 18, 2012 the truth is the thai baht is pegged to a basket of hard currencies as is the malaysian ringit you will notice that the baht and ringit trade at the same rate divided by ten supposedly to prevent speculators from causing wild fluctuations on their currencies more likely to set their currency to what ever they want it to be as does china with their peg to the dollar, while claiming to want to be the new world currency, good one try floating your currency in the open market first, then talk to us about your world domination schemes being a beancounter fan of facts i would call a 32% high/low difference "trading at the same rate divided by ten". Link to comment Share on other sites More sharing options...
Naam Posted January 18, 2012 Share Posted January 18, 2012 (edited) the truth is the thai baht is pegged to a basket of hard currencies as is the malaysian ringit you will notice that the baht and ringit trade at the same rate divided by ten supposedly to prevent speculators from causing wild fluctuations on their currencies more likely to set their currency to what ever they want it to be as does china with their peg to the dollar, while claiming to want to be the new world currency, good one try floating your currency in the open market first, then talk to us about your world domination schemes being a fan of facts i wouldn't call a high/low difference of 32% "trading at the same rate divided by ten". but then... to each his own fairy tale truth. Edited January 18, 2012 by Naam Link to comment Share on other sites More sharing options...
wxyz Posted January 18, 2012 Share Posted January 18, 2012 the truth is the thai baht is pegged to a basket of hard currencies as is the malaysian ringit you will notice that the baht and ringit trade at the same rate divided by ten supposedly to prevent speculators from causing wild fluctuations on their currencies more likely to set their currency to what ever they want it to be as does china with their peg to the dollar, while claiming to want to be the new world currency, good one try floating your currency in the open market first, then talk to us about your world domination schemes being a fan of facts i wouldn't call a high/low difference of 32% "trading at the same rate divided by ten". but then... to each his own fairy tale truth. tell it to Hu Link to comment Share on other sites More sharing options...
flying Posted January 18, 2012 Share Posted January 18, 2012 but then... to each his own fairy tale truth. Save your breath As your friends from the south would say ...That dog won't hunt Link to comment Share on other sites More sharing options...
Naam Posted January 19, 2012 Share Posted January 19, 2012 my southern friends don't know no dogs, only "dawgs". Link to comment Share on other sites More sharing options...
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