Ultraman wrote:
I did not know that about Churchill ........I will study the effects of the failure.....I will Google it.....

You have to base a currency on something though......there has to be an affect from just printing more money or continuing to borrow with no hope of paying it back......something has got to give......

I see China devalued the Yuan today.......I don't understand it all but it seems it will put more pressure on the Dollar and the Euro.......sneaky bastards....