Alliedassault - View Single Post

pest · **Re: US might use the Euro? -** 04-16-2003, 07:43 AM

[quote="Capt. John Miller":aba46]I was just watching the enws, and some guys were talking about how the US might convert over to using the euro and get rid of the dollar, because the dollar value is so low. They think that by using the Euro that it would increase standards of living and fix alot of money problems we got now.

What do you guys think about this?[/quote:aba46]

I think the guys they interviewed were stoned.

Changing the currency will do nothing for the economy. At least not how they present it. If the dollar is weak, it will buy less euros when converted. There is no free lunch and you cant just magically create wealth by changing a bill. Currency values naturally fluctuate based on supply and demand, markets, economy, etc.

Are you sure this was on the news? There are so many things wrong with this assumption that I dont even know where to start.

	(#22)
pest is Offline Senior Member Posts: 2,828 Join Date: May 2002 Location: Buzzin around the dung pile...	Re: US might use the Euro? - 04-16-2003, 07:43 AM [quote="Capt. John Miller":aba46]I was just watching the enws, and some guys were talking about how the US might convert over to using the euro and get rid of the dollar, because the dollar value is so low. They think that by using the Euro that it would increase standards of living and fix alot of money problems we got now. What do you guys think about this?[/quote:aba46] I think the guys they interviewed were stoned. Changing the currency will do nothing for the economy. At least not how they present it. If the dollar is weak, it will buy less euros when converted. There is no free lunch and you cant just magically create wealth by changing a bill. Currency values naturally fluctuate based on supply and demand, markets, economy, etc. Are you sure this was on the news? There are so many things wrong with this assumption that I dont even know where to start.