Exchange Rate Unpegged: Picture Now Worth 2,000 Words
New York, NY Trading in pictures was heavy on exchanges world-wide and at the close of the market Monday. Pictures were up against words by 100%. Until last week pictures had been pegged to words at an exchange rate of 1,000 words per picture.
“We are very happy that our currency is strong. That is what we hoped for when we made the move to float on the international market,” said Representatives from the Central Bank of Fotografia.
Analysts believe that the strong showing by pictures can be attributed to the pictures’ ease of transfer of value and its wide circulation across the globe.
“As it turns out, pictures are becoming more and more the currency in the international marketplace for ideas,” said John H. Crabtree, professor of Intellectual Economics.
Many believe that the shifting value of the so-called “currencies of communication” has to do with the devaluation of words. According to some experts, there has been an overproduction of words in recent years resulting in rampant inflation in the currency of words, thus eroding its real value.
In related news, action is also up against the word. Market insiders are likewise not surprised by this development.
“It is intuitive that actions carry much more value than words,” said Sheila Sheilds, professor of Inter-Personal Relations. “Over time actions have proven to be a much more stable and accurate representation of value than words, which can be very volatile at times. Women, especially, tend to put more stock in actions than words. And recent trends show that women are asserting themselves in global markets at increasing levels. This is surely a factor in the rise of the value of actions.”
Representatives from the Central Bank of Verbalia released a 679 page document reassuring communicators across the globe that it is still be safe to trade in the intellectual currency of words.
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