Friday, January 11, 2008

A European Union


What's up with those Euromania articles that have been in the newspapers lately? I have even been seeing Uncle Sam scam dressed in tattered, frayed and worn out clothing full of holes a lot lately, panhandling for cash in some of those cartoons that depict this recent Euromania phenomenon. And I guess the term Euromania has been recently coined to refer to the economic issue of America, the drop in the currency exchange rate of the United States dollar and the highly favorable exchange rate for the European Euro. Is the depression near in America again? Has it arrived? Well, it doesn't exactly look like it could be here is America too much yet by looking around outside, except for the homeless and except that people from Canada and Europe are crossing the border left in right to cash in on the American dollar. One can now be rich if they exchange their Euro banknotes in America now I guess. Could I go to any one of those, is it twelve countries that are part of the European Union in Europe, and exchange that dollar bill there and get rich. Oh, it doesn't work that way. The Euro has gained on the dollar at the moment and it would be just the opposite, I would be poorer I guess. And so the real estate in America is flying off the shelves as a result of this favorable exchange rate. And people are preferring their payments in Euros I read. The City of New York is inundated right now with foreigners with dollar signs in their eyes. And who these people are, I am not exactly sure. Long Live The Euro.

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2 comments:

ILL_Natured_gr said...

Yeah,our pretty Euro is overheading dollar at the moment... the question here though is how long will this last...

Btw,the bringing of Euro completely destroyed Greek economy (as for the people),prices of goods are estimated to be even above 100% of what they used to be (before Euro)...

Anyway,we know the story - rich are getting richer and poor are getting poorer...

Anonymous said...

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