FireFly Tidbits 4/13/17

by **Ssmith** Fri Apr 14, 2017 8:46 am

FireFly Tidbits

Firefly: IMO the USD will return to it's normal rate it held for many years in the high 70s / lower 80s. Basel III requires asset backed NOT gold backed,

I'm not talking about stuff in the ground either as assets. A countries worth is determined by mined assets.

wingnut: gold is an asset

Firefly: Wing, as is agriculture.
agriculture is just as important as precious metals to a country's worth. Look at unmined assetts as FUTURES!

I have a very good friend that works for a company I won't name and that is what he does, determines a country's worth

I could name a lot of countryies that fall into this category but since it gores against the grain of this room I will refrain from that topic

The majority of Zimbabwe's assetts are still unmined.

Are a lot of countries wanting to invest in the Futures? Heck ya! But seriously .... folks .... Zimbabwe hasn't even have a currrency of their own, Their Bonds were a joke, their government is in shambles still

No more Zim questions plz Smile

China is HEAVILLY invested in Zimbabwe because they know what's in the ground. But again if you you know anything about investing than you understand what FUTURES are

by Scotchie Fri Apr 14, 2017 9:28 am

Thank you Firefly. Unfortunately most do not understand futures. One thing is for certain, Zimbabwe's futures will have zero effect on the decommissioned currency of the past, or even today's bond-backed joke of a currency.

FireFly Tidbits 4/13/17

FireFly Tidbits 4/13/17

Re: FireFly Tidbits 4/13/17