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Monday, 8 April 2013

Understanding IAS 29 per PricewaterhouseCoopers: Correction 10: People do not accumulate wealth in a stable foreign currency during hyperinflation

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 10: People do not accumulate wealth in a stable foreign currency during hype...

Understanding IAS 29 per PricewaterhouseCoopers: Correction 9: IAS 29 aims to implement Capital Maintenance in Units of Constant Purchasing Power

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 9: IAS 29 aims to implement Capital Maintenance in Units of Constant Purch...
Saturday, 6 April 2013

Understanding IAS 29 per PricewaterhouseCoopers: Correction 8: Companies implementing IAS 29 have departed from Historical Cost Accounting

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 8: Companies implementing IAS 29 have departed from Historical Cost Accounting...
Friday, 5 April 2013

Understanding IAS 29 per PricewaterhouseCoopers: Correction 7: PricewaterhouseCoopers does not understand IAS 29

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 7: PricewaterhouseCoopers does not understand IAS 29 Because IAS 29 incor...
Thursday, 4 April 2013

Understanding IAS 29 per PricewaterhouseCoopers: Correction 6: Reporting year financial statements are never adjusted for inflation under IAS 29

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 6: Reporting year financial statements are never adjusted for inflation under ...
Wednesday, 3 April 2013

Understanding IAS 29 per PricewaterhouseCoopers: Correction 5: The stable measuring unit assumption erodes real value during low inflation too

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 5: The stable measuring unit assumption erodes real value during low inflati...

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 4: Inflation only affects the real value of only monetary items.   ‘The imp...

Inflation as a tool to stimulate the economy

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Bank of Japan set to launch war on deflation CNN
Tuesday, 2 April 2013

Understanding IAS 29 per PricewaterhouseCoopers: Correction: Assets are not stated at cost as PricewaterhouseCoopers states

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 3: Assets are not stated at cost as PricewaterhouseCoopers states   ‘ The i...

Understanding IAS 29 per PricewaterhouseCoopers: Correction: Inflation has no effect on the real value of non-monetary items

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 2: Inflation has no effect on the real value of non-monetary items   ‘Finan...

Understanding IAS 29 per PricewaterhouseCoopers: Corrections: Capital Maintenance in Units of Constant Purchasing Power principles instead of current purchasing power principles

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Understanding IAS 29 per PricewaterhouseCoopers: Correction 1: Capital Maintenance in Units of Constant Purchasing Power principles inste...
Wednesday, 27 March 2013

Scam at previous Venezuela parallel rate site

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Scam at previous Venezuela parallel rate site Reblogged from The Devil´s Excrement Moraima Garcia Says: March 27, 2013 at 11:25 am ...

Parallel rate in Venezuela

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Parallel rate in Venezuela CNN indicates this site Dolar Today http://dolartoday.com/ quoting the parallel rate daily.”Precio del Dolar p...

Official and parallel rate generally unify at the parallel rate

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Official and parallel rate generally unify at the parallel rate The experience with unification indicates that it usually takes place at t...
Friday, 22 March 2013

Fundamental mistake in IFRIC 7

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Dear Mr Hoogervorst, Thank you for your reply dated 19 February . I further wish to point out to you that there is a fundamental mi...
Wednesday, 13 March 2013

The IASB has double standards

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1. IAS 21, Par. 8: " Monetary items are units of currency held and assets and liabilities to be received or paid in a fixed or determ...
Friday, 22 February 2013

More Inflation Is the Cure for the Fed’s Impotence

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Bloomberg More Inflation Is the Cure for the Fed’s Impotence. PIGS have to stay impotent since there is no help from the ECB with higher...
Friday, 15 February 2013

Difference between Fed and ECB

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Difference between Fed and ECB The Fed's mandate is "to promote sustainable growth, high levels of employment, stability of pri...

EMU countries are dollarized in terms of the Euro (Deutsche Mark)

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EMU countries are dollarized in terms of the Euro (Deutsche Mark) Dollarized countries have no independent monetary policies. EMU countrie...
Wednesday, 13 February 2013

Unlimited credit for PIGS

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America and Japan successfully use the economic policy of unlimited credit in their economies: creating inflation in the case of Japan and q...