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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (10167)	4/3/2009 10:10:32 AM
From: Wayners	Read Replies (2) \| Respond to of 103300

Yea, if the exchange rate of the dollar to the pound is 2:1 and a Big Mac in the USA costs $2.00 then why doesn't a Big Mac in the UK sell for EXACTLY 1 pound? Let's say a Big Mac in the UK sells for 1.5 pounds. Then in order to make money, all I have to do is export Big Mac's to the UK that I bougt in the USA for $2.00, sell them in the UK for the equivalent of $3.00 (1.5 pounds) and convert the pounds back into dollars and pocket $1.00 for doing nearly nothing. I bet this works with most goods. Exchange rates are completly manipulated by central banks and are phony. Big Macs of course aren't a good commodity to be importing exporting because they will spoil on you, but let's say you buy Gold bars for 30% less in another country and bring that back here and sell it? Or Silver?