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Aerospace

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Aerospace

Re: IL Padrino post# 19703

Tuesday, 02/17/2009 3:53:35 PM

Tuesday, February 17, 2009 3:53:35 PM

Post# of 29692
Interesting... So Italy was doing better when they had a 1500:1 exchange rate. That's what the Lira was.

Perfect example of what 99% of dinar investors don't understand. Basics of exchange rate. The value... wether it's 1:1 or 10,000:1... it means NOTHING!!.
Italy with that 1500:1 rate was a world economical power. They had a GDP(size of economy) in the top 5 of the world.
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