The Daily Static
  The Daily Static
UF Archives
Register
UF Membership
Ad Free Site
Postcards
Community
Geekfinder
UFie Gear
Advertise on UF
Forum Rules
& FAQ

Username

Password


Create a New Account

  
 

Back to UserFriendly Strip Comments Index
A pretty decent explanation of the mortgage crisis by merlin2008-03-19 09:06:40
  I finally had to register with NYT :-( by Peace_man2008-03-19 09:33:51
    Many other nations owe money to the US by voxwoman2008-03-19 09:35:39
      Yeah, I'm more worried about the huge debt by Peace_man2008-03-19 09:42:39
        The devaluation of the $US is already spinning by Qcumber-some 2008-03-19 10:07:09
massively.

Best (because simplest) example: Gold price in last year: hasn't changed much in Euro, but in $US it climbed about as much as the $US lost it's value compared to the Euro.

Numbers:
Gold price in $US: March 2007: about 650
Gold price in $US: March 2008: about 1000
-> Raise in $US: >50%
Gold price in EUR: March 2007: about 490
Gold price in EUR: March 2008: about 640
-> Raise in EUR: >30%

1 $US in EUR:
March 2007: about 0.77
March 2008: about 0.63
-> Fall of about 18%

If you calculate that 18% into the $US gold price of above, you get a "valuated" corrected raise from about $US 770 for March 2007 to $US 1000 in March 2008 - which is: you guessed right, an increased price of almost 30%, which samples the 30% of the Gold price in EUR.

My personal conclusion: Comparing the Gold value, which is considered quite stable even in economic crisis, it definitely shows a devaluation of the $US compared to the EUR in a number of about 18% over the last year.

I hope I didn't miscalculate something...
[ Reply ]

 

[Todays Cartoon Discussion] [News Index]

Come get yer ARS (Account Registration System) Source Code here!
All images, characters, content and text are copyrighted and trademarks of J.D. Frazer except where other ownership applies. Don't do bad things, we have lawyers.
UserFriendly.Org and its operators are not liable for comments or content posted by its visitors, and will cheerfully assist the lawful authorities in hunting down script-kiddies, spammers and other net scum. And if you're really bad, we'll call your mom. (We're not kidding, we've done it before.)