What does that mean? I refer to the arcane world of currency conversion. Today an American Dollar can be exchanged at a bank for a princely sum of 69 Indian Rupees. This within a short 10 year span where the Rupee saw itself drop like a stone against the American fiat. Never mind India had its share of Fiats (but they were from Italy and not very good). Frankly it is all made up. If you turned the clock way back to the spring of 1792 you would have found that an American Dollar was worth 24 grams of pure silver. Now why someone would care to carry around pure silver is worth debating but back then people killed each other for that metal. In today's terms where silver trades for around $15 per 24 grams one would be correct to say that the inherent value of the USD has depreciated itself by 15 x. How and why this happens is very confusing and the rules and regs that govern all this are set by very powerful people who get to decide how th...
Among human crayons I am Brown. Also, my thoughts bounce around and resemble the idea of Brownian motion. This blog is an interface for the reader into this unique jello I call my mind. A mind so fertile anything grows. An agnostic yet curious mind. A mind attempting the Horatian or Kabirism maxim of Carpe Diem or Aaj kareso aab. Rated W I L D for wilfully irritating to large demographic is sometimes the latter - graphic in its descriptions. Caveat Lector!