| Euro (currency) continues long slide toward parity near 5-year low @109 % of USD. |
|  |
|
Post Reply |
|
Forum |
Posted by: LateForLunch ®
03/04/2022, 19:22:51
Author Profile Mail author Edit
|
The currency has hovered around 115% of USD value for five years, reaching a high of no more than 122% which held for only a few days with a low of 106%. It has lost 0.06 USD value in the last three weeks alone.
One can remember when the Euro was @ 165% of USD valuation - resulting in a now-outdated joke from a popular SF movie.
The joke in the disaster movie "2012" (released in 2009) was during a scene where a secret organization was selling tickets for seats on an ark-like vessel to escape a coming natural global catastrophe. In a meeting between a representative selling those seats, with a wealthy Saudi oil-prince, the benefits of purchase are explained. The Arab royal, reading from the written contract comments, "One billion dollars is a lot of money, sir!" To which the snooty rep replies dryly, "Uh, the amount is in Euros, sir!" (yuck yuck)
The joke being that the price was actually more than 50% higher than he thought it was. It would scarcely be a joke at the expense of anyone but the European Union at this point (with less than a dime's worth of difference between the USD and the Euro).
Modified by LateForLunch at Fri, Mar 04, 2022, 21:17:10
|
|
Posted by: LateForLunch ®
03/06/2022, 05:49:15
Author Profile Mail author Edit
|
...simply means that the Euro (once valued at 150% of U.S. Dollar) has lost so much value in the twenty years it has existed, that it's now almost equal to $1.00.
It's largely because the European Union includes a bunch of countries (like Italy and other mostly southern-European states) whose debt-to-GDP is pathetic (their debt is more than their GDP). That makes the currency's value much lower than it would be if only economically-healthy states were members. The endless defaults and bankruptcies of socialist states (with massive entitlement spending they can't afford) drags down all of the healthy states.
Modified by LateForLunch at Sun, Mar 06, 2022, 05:52:09
|
Posted by: LateForLunch ®
03/06/2022, 23:37:17
Author Profile Mail author Edit
|
Between the stupidity of the Xiden voters (the destruction of the fossil fuel industry) and the stupidity of the Newsom voters (self-imposed $0.45 per gallon fuel tax), Mexifornia has the highest gas prices in the U.S.!
THANKS DEMOCRATS!!!
Modified by LateForLunch at Mon, Mar 07, 2022, 01:07:40
|
Posted by: LateForLunch ®
03/11/2022, 11:03:03
Author Profile Mail author Edit
|
The irrationality of Mexifornia voters is book. The noble electorate chose to retain a fuel tax increase which had (through the efforts of Republican groups) made it to the ballot to be rescinded by referendum. Legions of loyal party-line voters chose to keep the highest fuel costs in the nation.
Now, those same voters are hopping mad that many of them (in lower income groups especially) are paying 50% more per month to drive their vehicles than they were at the time they voted to keep the tax in place.
For example, many of the larger vehicles popular with Latinos in Southern California (big trucks, big SUVs) cost $250-$300 to fill up. Owners of such vehicles are paying $1200+ every month to drive their vehicles (not including maintenance costs - just fuel).
If you add maintenance costs (@ roughly $150 per month) many people are paying $1,500 monthly just to drive around in one big vehicle that used to cost $900 monthly (not including payments).
I have conservative Latino friends with dual citizenship (U.S./Mexico), who speak ruefully of, "the stupidity of Mexicans," especially in how they habitually vote party-line instead of voting their conscience or their common sense.
Modified by LateForLunch at Fri, Mar 11, 2022, 11:11:39
|
Posted by: LateForLunch ®
03/27/2022, 15:13:29
Author Profile Mail author Edit
|
Yet Newsom will not suspend the huge ($0.25 per gallon) gas tax the clueless robotic 'Crat voters of Mexifornia gave themselves when they defeated a ballot initiative put on the ballot by Repubulicans and other low-tax advocates.
I'm guessing that Newsom's plan to give $400 to every Mexifornia resident to "compensate" for the high fuel prices will be difficult to pass. Fiscally, the budget may not be able to afford another "stimilus" (socialist spending bill under pretense of "emergency").
THIS emergency (insanely high fuel prices) is here to stay because it hasn't been caused by Razz-Putin, it's caused mostly by the 'Crats and Xiden destroying USA energy independence because they hate the oil companies and the fuel industry.
Polling has shown that the 'Crats had better be willing to commit massive vote fraud (a billion felonies) or they are going to have their head handed to them in November in most sectors that count.
|
|
|
