Like why can’t some country say something like “our country’s currency value will be 200 times that of US dollars ” . And who determines this value or how it is determined. And why it constantly changes.
In: Economics
Anyone can print out some shoddy custom bills on their printer and claim they are worth 200 times the USD. The problem is to find someone who actually wants to buy these bills at your high price. The traditional way of doing this is to build a strong economy built around this currency and produce a lot of valuable goods that you export to other countries. But in order to export these goods people need to buy your currency using for example USD in order to buy the products they want from your country so they can export it. But be carefull because people might want to import goods into your country and they will have to offer a better price in order to get their hands on USD to buy things abroad. However the more modern way of making a currency highly valuable is to post about it on reddit claiming it is going to be the peoples currency to fight against the evil millionare. This is a very fast way of getting to be one of those evil millionares yourself as you were the one who made the currency in the first place or at least bought a lot of it early on and are able to sell it at a much higher price. If you are clever though and already a super billionare with your own space project then you can just mention the currency on twitter and see the price go up as all the gullable followers want to get rich too, so you sell the currency to them and then in your next national public speaking event you talk trash about the currency so you can buy them again at a low cost. This is of course all tax free since you are using offshore proxy accounts. I am not saying anyone have ever done something like this but that would be a very good way of making money.
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