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  1. #31
    pathwise dependent FDG's Avatar
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    Quote Originally Posted by INTP View Post
    prices went up like hell when we got the new currency(many things that costed 1 mark before, now costs 1 euro, which is 6 times the price, but this shows mostly on things that cost like under 10 euros). .
    Afaik, this happened in every country right after the Euro was set-up. There was a clear problem with the exchange rate, which was set too low wrt the dollar and, consequently, with respect to every other currency.
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  2. #32

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    Quote Originally Posted by FDG View Post
    Afaik, this happened in every country right after the Euro was set-up. There was a clear problem with the exchange rate, which was set too low wrt the dollar and, consequently, with respect to every other currency.
    You guys know there's geopolitical reasons why the exchange rate was set low?

    The EU wouldnt want to threaten the US' position in the world of finance or rival it, when Saddam planned to adopt Euros as the currency to trade oil in with the prospect of other arabian nations following suit he got his ass invaded and wiped the hell out.

    There is serious money made and lost on futures and financial speculation within the anglo-saxon dominated world financial scene, Germany has a much smaller financial sector which operates pretty differently and the terror globally for present day capitalists, is that this kind of economic paradigm would replace the one presently in operation. Its not even socialism, its just capitalism without the God damned parasitic element pitching the world into crisis with regularity.

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