Frank26 » January 17th, 2019


MilitiaMan » January 17th, 2019

Forced, as into ensure there is adequate supply of currency for trade. That will be on the "Forced-X" ... lol imo.. lol

On a serious note it will imo force them to do what we want them to do, as noted below.. imo

"If, for example, it is determined that the value of a single unit of local currency is equal to US$3, the central bank will have to ensure that it can supply the market with those dollars. In order to maintain the rate, the central bank must keep a high level of foreign reserves. This is a reserved amount of foreign currency held by the central bank that it can use to release (or absorb) extra funds into (or out of) the market.

This ensures an appropriate money supply, appropriate fluctuations in the market (inflation/deflation) and ultimately, the exchange rate. The central bank can also adjust the official exchange rate when necessary." 

Floating Exchange Rates

Unlike the fixed rate, a floating exchange rate is determined by the private market through supply and demand. A floating rate is often termed "self-correcting," as any differences in supply and demand will automatically be corrected in the market. Look at this simplified model: if demand for a currency is low, its value will decrease, thus making imported goods more expensive and stimulating demand for local goods and services. This in turn will generate more jobs, causing an auto-correction in the market. A floating exchange rate is constantly changing.

In reality, no currency is wholly fixed or floating. In a fixed regime, market pressures can also influence changes in the exchange rate. Sometimes, when a local currency reflects its true value against its pegged currency, a "black market" (which is more reflective of actual supply and demand) may develop. A central bank will often then be forced to revalue or devalue the official rate so that the rate is in line with the unofficial one, thereby halting the activity of the black market.

In a floating regime, the central bank may also intervene when it is necessary to ensure stability and to avoid inflation. However, it is less often that the central bank of a floating regime will interfere."

MoParMAn » January 17th, 2019

Banks are in business to make money, these spreads are certainly not making money. Time to urgently change the currency auctions. 

MilitiaMan » January 17th, 2019

Hence why they used powerful language, as in URGENT MEASURES and FORCED to FLOAT.. lol ~ imo ~ MM

DELTA » January 17th, 2019


13-Jan...…. 1196.157 -1195.907
14-Jan...…. 1195.817- 1195.573
15-Jan...…. 1194.815- 1194.565
16-Jan...…. 1194.572- 1194.555
17-Jan...…. 1194.533- 1194.504

Baller » January 17th, 2019

Delta the spread is almost nonexistent. Thank you for all of your great posts today and always. The fuse was lit on December 30th. You said they need to make this public within 30 days. Everything with the budget falling into place too. Should be a month to remember. Mookla!!! Baller 

MilitiaMan » January 17th, 2019

They are not making money on spreads that tight. Love it.. Sounds like the URGENT MEASURES are in order!! imo So lets see them get forced to float.. The sooner the better.. lol imo Thanks Delta.. ~ MM