Over the last several months there has been a raging debate about the future of the Euro as a currency. With several countries in the Eurozone in big financial trouble, and a trillion euro bailout, and people fleeing to the US dollar for "safety", what do you think it costs an American to buy one Euro?
It would cost you $1.3208 US dollars to buy 1 Euro!
Hmmmmmmmmmmmm!!!!!!!!!!!!!!!!!!!!!!!!
To those whose IQ is greater than 100, what does this tell you about the state of the US dollar when a European empire on the verge of absolute collapse has a currency 32% stronger than the US dollar?
Isn't the value of one dollar/euro/pound/mark, etc. generally in some what of a state of flux? The British pound and even the Canadian dollar are always valued a little more than the dollar one to one. But isn't it the larger pool of dollars and their greater total actual buying power/value that matters? This has always perplexed me. The older I get, the more like a shell game this whole thing seems.
ReplyDeleteIt is always dynamic, yes. It would be wrong headed to take a snapshot and draw an absolute conclusion. Nonetheless, Isn't it ironic that everyone is talking about how bad things in Europe are (and they are) and fail to notice that it still takes 32% or so more US dollars just to buy one Euro. That is scary to me.
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