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Why is the european dollar kicking U.S. dollar's ass?
- Thread starter fistfullofsteel
- Start date
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DcupSheepNipples
Guest
chesty said:
Progress for the Sheeple! And least thats what the Government thinks!
add some macroeconomics and you get some insight into price setting mechanisms but nobody can explain or even predict currency markets. short term movements are completly erratic but even long term valuations continue to suprise the analysts. Japan is in de facto recession for more then 10 years now but the Yen's value is still sky high.Zander1983 said:Thankfully I'm doing macroeconomics next semester, because I've forgotten the basics governing currency prices!
While the Euro has been rising a bit in the last year it is still down from 1.17 or so it had in 99. And in the mid 90s the Dollar was even lower - did any American notice it? not really. Its not relevant what your money is worth denominated in a foreign exchange, its what you can buy with your money. In Europe and Japan, the state is rich but the people are taxed to death, in the US the state is poor but the people are rich. You complain about 30-40% income tax? Germany has 56%, Sweden more then 60% in the top bracket. You complain about gasoline costing 2$ per gallon? In Germany its 5$. You buy any goods or services in Europe you pay up to 25% in sales tax (value added tax). The Euro might rise but the average European still works most of the time for the government and not for himself.
The US budget deficit is low btw. The US is in the red with 1% of GDP; compare that with 3-4% of Germany, France and Italy. Japan has 8%(!). read:
http://www.washtimes.com/op-ed/20021201-11829388.htm
D
DcupSheepNipples
Guest
Austrian said:
Good post! What are your thoughts about how the European people feel how they are being taxed and how their Economies are run? Not your personal thoughts but how the "General" European feels?
H
HULKSTER
Guest
I think we should just overthrow the ---------------edited (post that again and you will be banned)
What the hell is going on here? I didn't say anything wrong!
What the hell is going on here? I didn't say anything wrong!
When I was in Canada, alot of them thought they should be paying more to help the poor people who didn't have work. Of course those were the French Canadians, who are a little whacked in the mind.
Three things come to mind about he Revolutionary war in America:
No freedom of religion (Waco anyone?)
Taxation without representation (and taxes were/are high)
Came for the guns (last straw)
Now I may not agree with groups like the Branch Davidions, or people like those from Ruby Ridge, but our gov't doesn't seem to want people to be self reliant and independant of them. Sound familiar to the British and the US Colonials with there religious beliefs?
The British were raising the taxes to the point that no one could afford to live because they were giving most of their money to the British gov't. The US Gov't is now taxing us at rates of almost 50%, death taxes, taxes on purchases, etc. We have armed IRS agents (British tax collectors were armed too), we do not have a debtor's prison in this country save for owing the Gov't money in the form of Taxes. Sound familiar?
Finally, the British sensing that the Colonials might rebell against their harsh treatment went after the armory to seize all of the guns including those privately owned. Brady Law, Brady II, Crime Control Law of 68 and 94, waiting periods, background checks, etc. Sound familiar.
What the founding fathers new and wrote about was that as long as the people have the ability to resist the gov't through physical means then the gov't could not become all powerful. The vote would be backed by not only our belief in it but by the threat of armed revolt. Knowing this they have systematically eroded away our rights and means through legislation by the courts and the Congress.
But, the founding fathers also warned that while it is our right to revolt, if the revolution fails, we must be willing to suffer the consequences.
I see an ominous parallel here. But also as a friend pointed out. As long as we have our Maddog 20/20 and Miller, etc and Sporting shows on Saturday/Sunday, we will just ignore all else and never realize that we have been imprisoned by the very system designed to keep us free.
Three things come to mind about he Revolutionary war in America:
No freedom of religion (Waco anyone?)
Taxation without representation (and taxes were/are high)
Came for the guns (last straw)
Now I may not agree with groups like the Branch Davidions, or people like those from Ruby Ridge, but our gov't doesn't seem to want people to be self reliant and independant of them. Sound familiar to the British and the US Colonials with there religious beliefs?
The British were raising the taxes to the point that no one could afford to live because they were giving most of their money to the British gov't. The US Gov't is now taxing us at rates of almost 50%, death taxes, taxes on purchases, etc. We have armed IRS agents (British tax collectors were armed too), we do not have a debtor's prison in this country save for owing the Gov't money in the form of Taxes. Sound familiar?
Finally, the British sensing that the Colonials might rebell against their harsh treatment went after the armory to seize all of the guns including those privately owned. Brady Law, Brady II, Crime Control Law of 68 and 94, waiting periods, background checks, etc. Sound familiar.
What the founding fathers new and wrote about was that as long as the people have the ability to resist the gov't through physical means then the gov't could not become all powerful. The vote would be backed by not only our belief in it but by the threat of armed revolt. Knowing this they have systematically eroded away our rights and means through legislation by the courts and the Congress.
But, the founding fathers also warned that while it is our right to revolt, if the revolution fails, we must be willing to suffer the consequences.
I see an ominous parallel here. But also as a friend pointed out. As long as we have our Maddog 20/20 and Miller, etc and Sporting shows on Saturday/Sunday, we will just ignore all else and never realize that we have been imprisoned by the very system designed to keep us free.
The fact that the dollar gets pushed aside thanks to the euro is...amazing.
Think of it like this:
- the dollar still is the most used money (standard) in the world.
- even the OPEC uses the dollar for payment of their oil.
Now, if the euro would be used as international standard, the dollar would go down with more then the 10 % right now.
Saddam Hussein had coupled his oil sells to the ....euro. I bet Bush didn't like that either.
Maybe he was afraid that others would follow in the Opec and the rest of the world.
Jeff
Think of it like this:
- the dollar still is the most used money (standard) in the world.
- even the OPEC uses the dollar for payment of their oil.
Now, if the euro would be used as international standard, the dollar would go down with more then the 10 % right now.
Saddam Hussein had coupled his oil sells to the ....euro. I bet Bush didn't like that either.
Maybe he was afraid that others would follow in the Opec and the rest of the world.
Jeff
