very simply, when a country imports goods, and pay in foreign currency ($), what happens to the domestic currency, as the same amount will still be in circulation, but you have just put ur money in ur own countrys bank, and took dollars to pay some.
or does the bank get rid off (destorying) the same value in domextic currency, as you changed your money into dollars to pay someone abroad?
to put it simple im from UK, i buy something from USA,
i go to my bank give them £10 and they give me $20.
i pay $20 to USA, BUT my £10 is still in my country!! is that correct? or will the bank destory my £10, as ive changed it and its still in the UK. and too much money would be around. or is it something totally different?
Where can I invest in or buy foreign currencies securely on the internet? Or where at least can I learn more about such investing?
I am interested in buying foreign currencies and holding them until their value against other currencies (hopefully) improves. For example buying euros, pounds or yen and sitting on them. Does anyone know where I can do this online?
I have done research in it for maybe a little over two years now.I have traded several demo accounts and have always done very well, in my last account, 50k went to about 75k in a week of intense research, focus, and trading. Every trade resulted in profits, there were I think over 20 trades, some going on together with others, some 5 days, others 1 hour, etc.
I want to make big money trading real money, but I don't have any money to invest with because I am a broke student. I am wondering how I can still make money in the market because I believe I have the ability to do so, without having the start up capital myself.
Thanks in advance for any helpful advice.
http://www.youtube.com/watch?v=XaxdUPNYj2s
A couple people asked about this today. This isn't the really technical video I was looking for, but it gives you some idea. Remember that the pieces and music were put together by supporters so it is not from the campaign.
It is a serious issue, and a serious problem.
http://www.youtube.com/watch?v=XaxdUPNYj2s
Does it feel like a recession, where you are?
scarman, you didn't watch the video, so with respect, you don't know what you are talking about.
Lucky, I don't get the last part, where do you have this?
Steve Forbes likes the idea as did the other economists, so what is the issue with legalizing a competing currency?
beesting I'm looking into it but how do you get around the tax on transaction issue? Is it in that book (I just ordered a different one, but not that one, unfortunately.)
For a project, thanks.
Please help. Thanks
For a project, thanks.
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