If I had a trillion Rand

Stocks and Gold Gain as Investors Shun the Dollar NYT 7/10/09

“Investors clamored to buy pretty much anything on Tuesday — as long as it was not the dollar.

A seven-month slide in the value of the dollar gained force as investors migrated to other markets and fretted over a report that crude oil could one day be priced in other currencies, hobbling the dollar’s role as a vehicle for global trade.
…
The dollar slipped further against major currencies, continuing a decline that has sent it tumbling 15 percent since early March. The dollar fell to $1.47 against the euro, and the Japanese yen strengthened to 88.83 for every dollar.”

NOOOO! Don’t do this to me, dollar. You’ve already slipped from 7.7 to 7.4 Rand since the start of this week (but it’s okay because I always use a 1 to 10 conversion rate in my head anyways).

On the bright side, I finally understand exchange rates! If only I had taken Econ102 after I went abroad… I’m pretty sure the only thing I remember from that class was that gangsters like the Euro because it comes in bigger denominations than the dollar, making it easier to stuff in a suitcase.



Watch Jay-Z endorse the Euro with some flashy thumbing technique. But don't worry... he's not totally dropping the dollar because he's got a giant, gold "YE$" sign flashing in the background.