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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Joe NYC who wrote (112262)5/23/2000 10:26:00 PM
From: Bill Jackson  Respond to of 1571074
 
Jozef, A free market with a level of support is best. The socialist tinkering in Europe has created a monster that claws your eyes out if you try to trim it's fingernails.
In truth the socialistic aspects of many European governemnts are so strong and have such voter support that the only solution is devaluation. SInce they are all tied, then the euro will devalue to the point where their inefficient economis can sell stuff to the world. Poor pity the European who travels...he will pay extra. the euro has changed by almost 20% down against the $$ since they started it as a unified money. Soone the other currencies will go away in Europe and the Euro will become the physical currency and down it will go until a French and german worker will get about the same as a USA worker for the same out put.
Probably take about a 50% drop in the Euro from the start point....they are well on their way.

Bill