Skip to main content

Finally An Accurate Picture of the Euro/Dollar Relationship....

For those of you out there in the blogoshpere who felt that perhaps I was being too hard on the dollar and its devaluation, I finally found a picture that represents what is occurring between the dollar and the euro at this moment....


Basically, yes, the Euro is taking the Dollar in well you know...it is self-explanatory. And just as Nicholas Sarkozy has commented this will not be good for the United States and from November until now has risked breaking out into a full blown trade war between the trading partners....

Now that the risk of a trade war is settling into the reality that there is a trade war one can only speculate that currency fluctuations will grow in proportion to the intensity and amount of conflict this causes between the EU and the US. Fred Bergsten said as much in 1997 and at the time, many in the current administration were either not listening to him or not paying attention.

At its best today 1.00 U.S. Dollar = 0.6406 Euro. At its worst 1.00 U.S. Dollar = 0.5993 Euro. With all that volatility, what has gone up? Predictably both commodities and gold have risen at faster than average rates since 2001 causing an increase in the global core inflation.

Side Effect: The Global Dairy Wars

It is interesting that a "free market" promoting country, would use price controls to try to set things right, but that is exactly what the United States is doing in the vein of both China, Venezuela and the USSR. I find it a little more than ironic that after penalizing Cuba, China and Venezuela for using price controls, we are using the same types of price controls on milk and durable goods. The Milk wars would be coming, if we were not producing enough, but thankfully the US can still produce enough milk for the entire world, but you will not be paying pennies for it any more, as long as the "socialist cartels" operate the dairy business like OPEC.

Comments

Popular posts from this blog

A Libertarian Martin Luther King Jr. Day post

In which we travel into interesting waters . . . (for a fairly long trip, so be prepared) Dr. King's 1968 book, Where do we go from here:  chaos or community? , is profound in that it criticizes anti-poverty programs for their piecemeal approach, as John Schlosberg of the Center for a Stateless Society  [C4SS] observes: King noted that the antipoverty programs of the time “proceeded from a premise that poverty is a consequence of multiple evils,” with separate programs each dedicated to individual issues such as education and housing. Though in his view “none of these remedies in itself is unsound,” they “all have a fatal disadvantage” of being “piecemeal,” with their implementation having “fluctuated at the whims of legislative bodies” or been “entangled in bureaucratic stalling.”   The result is that “fragmentary and spasmodic reforms have failed to reach down to the profoundest needs of the poor.” Such single-issue approaches also have “another common failing — ...

A reply to Salon's R. J. Eskrow, and his 11 stupid questions about Libertarians

Posts here have been in short supply as I have been living life and trying to get a campaign off the ground. But "11 questions to see if Libertarians are hypocrites" by R. J. Eskrow, picked up at Salon , was just so freaking lame that I spent half an hour answering them. In the end (but I'll leave it to your judgment), it is not that Libertarians or Libertarian theory looks hypocritical, but that the best that can be said for Mr. Eskrow is that he doesn't have the faintest clue what he's talking about. That's ok, because even ill-informed attacks by people like this make an important point:  Libertarian ideas (as opposed to Conservative ideas, which are completely different) are making a comeback as the dynamic counterpoint to "politics as usual," and so every hack you can imagine must be dragged out to refute them. Ergo:  Mr. Eskrow's 11 questions, with answers: 1.       Are unions, political parties, elections, and ...

More of This, Please

Or perhaps I should say, "Less of this one, please." Or how about just, "None of them. Ever again. Please....For the Love of God." Sunshine State Poll: Grayson In Trouble The latest Sunshine State/VSS poll shows controversial Democratic incumbent Alan Grayson trailing former state Senator Dan Webster by seven points, 43 percent to 36 percent. A majority of respondents -- 51 percent -- disapprove of the job that Grayson is doing. Independents have an unfavorable view of him as well, by a 36/47 margin. Grayson has ignored the conventional wisdom that a freshman should be a quiet member who carefully tends to the home fires. The latest controversy involves his " Taliban Dan " advertisement, where he explicitly compares his opponent to the Taliban, and shows a clip of Webster paraphrasing Ephesians 5:22 -- "wives, submit to your husbands." An unedited version of the clip shows that Webster was actually suggesting that husba...