Tom Greco  @  ChelseaGreen

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Currency Speculation and Arbitrage

Posted on Saturday, March 19th, 2011 at 2:26 pm by Tom Greco

For anyone who is confused about foreign exchange rates and speculation (which I think includes almost everyone), here is a clear explanation provided by Prof. Dr. Ahamed Kameel Mydin Meera of the International Islamic University of Malaysia. He explains it in relation to the 1997 East Asian Crisis that was brought on by speculative attacks (manipulation) on several Asian currencies.–t.h.g.

Read the original post on Beyond Money.

endofmoney Thomas Greco is the author of The End of Money and the Future of Civilization.
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