1-10-13 Bamagirl: You're right, this is very interesting. Mainly because it didn't even mention the dinar. Iraq has the potential for the most economic growth in the entire world with a VERY weak currency and it is not even hinted at.
I think with the dollar and euro 'doomed' the dinar is our best bet right now, JMO. I also like the fact that it said huge reval, if it's possible for those countries to do it then it's certainly possible for Iraq also. Thanks for posting cray-k-47!!!
Wall Street Daily: "Three Currencies Ready for a HUGE Revaluation. Both the U.S. dollar and euro are doomed. Why? Because in addition to being in slow-growth economies, saddled with debilitating debts, they’re the victims of an enormous increase in money supply.
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The obvious result is serious inflation and the devaluation of both currencies in the coming years. The Three “Super Currencies” of Tomorrow.There’s a trio of currencies that you must include in your portfolio today.
Backed by solid fundamentals in countries that rely on growth, not artificial monetary stimulation, these three currencies operate on an entirely different playing field than the dollar and euro.
And they’re set to undergo huge revaluations in the coming months. Without further ado.. Currency #1: Chinese Yuan Currency #2: Indian Rupee. #3 Canadian Dollar Trust (NYSE: FXC). Like the Chinese yuan and Indian rupee, this is a long-term holding, with a further 25% gain against the U.S. dollar in five years.
Having dropped by more than 20% against the dollar over the past couple of years, the rupee is an absolute steal right now. The Indian Central Bank controls the rupee closely.
And in an effort to combat the financial crisis and make Indian goods and services more competitive, it’s allowed the currency to depreciate. The result? An artificially weak rupee that will appreciate due to the trend in global growth and money flow.
With Indian GDP growth set to outstrip all Western economies in the years ahead, the country will have to raise interest rates to quell inflation.