academics and the l t c m crash of 1998, page-2

just wondering..if one world bank prints more money to save their skins....it reduces the value of money in that country....if the major world players all do the same thing...then it devalues all major currencies....so your money is worth less....so everyone suddenly produces the same things for less....well no, it does not work that way....you need more money to buy the same thing....hence inflation and hyperinflation


From Wikipedia
Value of the Australian dollar
In 1966, when the Australian dollar was introduced, the International gold standard was still in operation. The dollar was at that time worth 980 mg of gold. As of February 2008 the dollar was worth 30 mg of gold.[3]

The highest value of the Australian dollar in the first two decades after it was floated was 96.68 US cents on 18 March 1984 [4]. The Australian dollar returned to 98 US cents in July 2008[5], and subsequently rose to a new post-float high of 98.49 US cents on 15 July 2008[6]. The lowest value of the Australian dollar after it was floated was 47.75 US cents in April 2001[7].

sorry just lots of questions floating around....its not just the banks and houses...there are bonds, letters of credit, heaps of subjects affected....