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The Water Cooler
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America has an economy converging rapidly on full employment?
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<blockquote data-quote="_CY_" data-source="post: 2682540" data-attributes="member: 7629"><p>I stand corrected .. sorry about the typo, got it backwards. </p><p></p><p>as of today 1.00 USD = 0.818348 EUR .. the euro has dramatically dropped in value against USD despite the continuous quantitative easing or printing billions and billion of USD $$$$.</p><p></p><p>traditionally when any country prints money, it dilutes the same existing currency in the form of inflation. but what's happened is exactly opposite .. the USD has gotten stronger and stronger despite all the $$$ billions and billions of US dollars that's been dumped into the world's financial system. </p><p></p><p>result is our banking system is flush with cash and super strong vs say the Eurozone which is struggling to stay solvent. recently Japan has tried quantitative easing or printing yen. results so far has been disastrous. </p><p></p><p>the USD is the reserve currency of the world ... despite attempts of other to setup say the Euro to settle oil transactions, it has not remotely come close to happening. anytime something horrible happens anywhere in the world .. capital flees to the USD.</p></blockquote><p></p>
[QUOTE="_CY_, post: 2682540, member: 7629"] I stand corrected .. sorry about the typo, got it backwards. as of today 1.00 USD = 0.818348 EUR .. the euro has dramatically dropped in value against USD despite the continuous quantitative easing or printing billions and billion of USD $$$$. traditionally when any country prints money, it dilutes the same existing currency in the form of inflation. but what's happened is exactly opposite .. the USD has gotten stronger and stronger despite all the $$$ billions and billions of US dollars that's been dumped into the world's financial system. result is our banking system is flush with cash and super strong vs say the Eurozone which is struggling to stay solvent. recently Japan has tried quantitative easing or printing yen. results so far has been disastrous. the USD is the reserve currency of the world ... despite attempts of other to setup say the Euro to settle oil transactions, it has not remotely come close to happening. anytime something horrible happens anywhere in the world .. capital flees to the USD. [/QUOTE]
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