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| General Forum -> General Discussions ~ The Euro is Failing |
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 Posted:
Sun Aug 14, 2011 2:47 pm
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Royal Member of BonBon
Joined: 11 Feb 2011
Posts: 1436
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Sun Aug 14, 2011 3:14 pm
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Rank: Super Veteran
Joined: 18 Dec 2009
Posts: 7678
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Sun Aug 14, 2011 3:20 pm
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Royal Member of BonBon
Joined: 11 Feb 2011
Posts: 1436
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Sun Aug 14, 2011 3:31 pm
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Rank: Super Veteran
Joined: 14 Jul 2011
Posts: 2436
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Sun Aug 14, 2011 3:49 pm
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Royal Member of BonBon
Joined: 11 Feb 2011
Posts: 1436
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Sun Aug 14, 2011 4:13 pm
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Royal Member of BonBon
Joined: 04 Oct 2008
Posts: 2914
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Sun Aug 14, 2011 4:20 pm
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Royal Member of BonBon
Joined: 11 Feb 2011
Posts: 1436
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Sun Aug 14, 2011 5:03 pm
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Royal Member of BonBon
Joined: 29 May 2009
Posts: 6010
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| I wish I could understand this method more fluently. Man, and I got an A in economics. |
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| Posted:
Sun Aug 21, 2011 3:53 pm
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Rank: Super Veteran
Joined: 04 Mar 2009
Posts: 1548
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| The problem is not the euro its self, but the fact that its tied to so meny conturys and is makeing successfull conturys tied to failing conturys. Thus the reason why the Euro is falling is becuase of failed conturys waighting the other conturys down. |
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Mon Aug 22, 2011 1:04 am
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Forum Admin
Joined: 18 Oct 2003
Posts: 3670
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Euro is really not failing. Even if it is. It's not failing that bad at all.
Based on the historical currency exchange rates its hardly doing bad at all.
Euro is still super high compared to what it was before 2004.
Just google for Euro to dollar and click on the conversions historical chart and view 10 years back and you'll see.
If the guy really thinks Euro is failing, he should convert all his money to USD and wait til it falls flat and then buy Euro back with his USD and be super rich if he TRUELY feels it is failing. (which it is not) |
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| Posted:
Mon Aug 22, 2011 1:56 am
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Royal Member of BonBon
Joined: 20 Oct 2009
Posts: 12351
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| Ronald wrote: |
Euro is really not failing. Even if it is. It's not failing that bad at all.
Based on the historical currency exchange rates its hardly doing bad at all.
Euro is still super high compared to what it was before 2004.
Just google for Euro to dollar and click on the conversions historical chart and view 10 years back and you'll see.
If the guy really thinks Euro is failing, he should convert all his money to USD and wait til it falls flat and then buy Euro back with his USD and be super rich if he TRUELY feels it is failing. (which it is not)
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Theoretcially, if you use enough money, you don't even need to wait for the exchange rate to drop that far. It's a matter of patience and commitment. If you pick regularly exchange a portion of money back and forth, at the right times, you could progressively build upon that stack. But it'd take a long time to reach a worth while amount and you'd need to start with a reasonably sizeable amount as well. Hence the whole commitment and patience deal. |
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