You pick a fight.....

Post rates chosen from arbitrary dates that show you have no understanding of the impact of chronic currency devaluation versus currency fluctuation.

now you are losing the battle so turn to name calling and bad language claiming that I am the one that is upset.

you then revamp history claiming JonNYC started this and you edit his quote to change the meaning...

and now you prove you have zero idea how much a mglob34 actually costs nor how life works in countries where there is a gray market in currency.

The reality is that a discussion on the use of perceived hard currencies in recently devalued countries would have been interesting. Sadly there is little room for that with you here.

rich

[This message has been edited by RichLond (edited 09-10-2003).]

Guys, please, leave it be. Points have been made. Rehashing does little good. We have no moderation to kill this thread -- let's keep it that way and self moderate. P L E A S E.

Agreed.

Ode to RichLond by Darren.

RichLond, oh Richlond. You are my soul and my inspiration. You are not brilliant...you are brilliance. You are the light down my dark path. Without you, I would be a puppy in the kennel of life. You have tutored me, you have mentored me, you have filled me with the knowledge of a thousand flyertalkers. You are the caramel in my box of Godiva and the pink heart in my bowl of Lucky Charms. A day without you is like a ball game without peanuts, Peter and Paul without Mary, or a donut without the creamy filling. Rich, thank you. Thank you for being my creamy filling on Flyertalk.

Sincerely,
Darren

at last the proper respect!!!!

rich

Because you take it as axiomatic that anything American is inherently better, stronger, bigger, etc? And you wonder why most of the world hates you?
(One of my most memorably shocking experiences in HK was on the morning of 9/12 being told by the random taxi driver who took me to work that the US had got what they deserved at last.)

And as an investor it is not inherently obvious to me that an environment with a reasonably managed and predictable devaluation of 35% over 18 months is in principle less attractive than one where the exchange rates swing quite rapidly and less predictably across a 35% range.

It is not clear to me how I changed the meaning of JonNYC's statement. Please could you clarify this for me. What I wrote was exactly how I understood (and still understand) his original statement.

My apologies for misquoting the rate for the mglob34 - my success in investment decisions and management of multiple currencies means that I have never bought economy class RTW tickets - I generally buy AONEs so I automatically thought of that price.

Finally, I have real and extended experience of living in a country undergoing major currency trauma (far, far more major than the minor managed devaluation in Egypt), being Russia which was my home during during 1993-1995, so I am very familiar with how a grey market in "hard" currency works. This includes being robbed with violence while negotiating an unofficial currency transaction. Your experience is?

[This message has been edited by christep (edited 09-10-2003).]

Mine is the exact same as Darren's-- I owe my very life, happiness and humanness to RichLond.

And, no, I don't "wonder why the whole world hates [the US]." Nor do I care.

May I be the first to wish you a very:
Happy September 11th, christep!

Regrettably this seems to be a common view amongst your compatriots, and, I believe, provides a perfect summary of the cause of many of the world's problems at the moment. There's nothing more that needs to be said.

(But, by the way who was it that you were quoting? If you look back that isn't quite what I said.)

[This message has been edited by christep (edited 09-10-2003).]

Omni!!!!!

(sorry guys, just had to shout it, been so long since I've seen it around here )