Yes but...

Current Events » in reply to So? The British Pound is worth $2 US.

Yes but...

TAFKASE — 3/13/2008 8:39:57 PM (archived)

It wasn't that long ago that 1 US$ was = 1 EUR so if 1 EUR is now worth US$1.55 then your savings account has become worth 55% less than it was 2-3 years or so ago...

If the decline continues, then it will eventually lead to hyper-inflation.

The whole thread (19 posts)

more concerns - Yeti - 3/12/2008 4:53:03 PM
- 1 EUR = 1.55 $ !! (n/t) - Raoul - 3/13/2008 5:02:23 PM
  - So? The British Pound is worth $2 US. - Lee - 3/13/2008 6:45:00 PM
    - Yes but... - TAFKASE - 3/13/2008 8:39:57 PM
  - and - Yeti - 3/13/2008 5:06:48 PM
- Counterfeiting the IOUs - ER - 3/12/2008 7:47:47 PM
  - "making stuff" is kind of a broad term. - TB - 3/12/2008 8:24:01 PM
    - That's right. - ER - 3/12/2008 9:30:36 PM
      - I agree with you completely. - Lee - 3/12/2008 10:38:24 PM
    - Service vs. Industry. - SDAI-Tech1 - 3/12/2008 9:29:36 PM
- I'm not afraid of the R word - we are in a recession. - SDAI-Tech1 - 3/12/2008 5:50:41 PM
  - "Bring factories home..." - McFly - 3/13/2008 2:06:43 AM
    - re: "Bring factories home..." - TB - 3/13/2008 4:37:36 AM
  - The US economy may be in recession but it is far from in decline... - TAFKASE - 3/12/2008 8:06:29 PM
    - What do you Call the Contract to BUILD USAF Tankers - carl - 3/13/2008 7:30:23 PM
      - I believe those tankers are still being built in the USA. - TAFKASE - 3/13/2008 8:39:44 PM
  - Solution: more "Green" factories, industry and things to export (n/t) - Raoul - 3/12/2008 7:44:26 PM
    - I'm all for "Green" up until.. - SDAI-Tech1 - 3/12/2008 8:29:08 PM
      - You can't pump water into a desert! - Ima Green - 3/12/2008 8:49:42 PM

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