Quote from: Seth on August 25, 2011, 08:35:22 AM
prices increased by 1.5 with the Euro...
Euro was a good idea... was...
anyway, back on the topic ! ^^
a shame I am not in Paris today.
Thanks for the celebration post calico !!!
"Just 1.5"?
The exchange rate for Guilders (GLD) to Euro's was 1 Euro = 2.20371 GLD when the Euro was introduced.
Prices were in some cases literally changed from GLD to Euro's 1:1. So initially some things were already 2.2 times more expensive.
Loans/wages were reduced 2.2-2.5 times.
Some prices weren't 1:1 but say 1:0.7 (so just 1.5 times more expensive) but after a couple of years already 1:1.1 or 1:1.2, so almost 2.5 times more expensive.
In some businesses, like bars, the price increase is almost 2.75 times already and politicians keep denying it and point inflation as the guilty factor. Sure!
Same goes for fuel/gas prices. They should be controlled by the oil-price, but it NEVER happens. Added taxes and other added fees causes the high prices they explain.
But all those taxes and added fees are based as a fraction over the oil-price. So 50% cheaper oil is automatically 50% less tax and added fees since these are a fixed percentage of the crude oil-price, thus mathematically 50% cheaper fuel/gas.
Just somehow this isn't happening in reality
But government will never point fingers at the financial world and banks, which drive up crude oil prices by speculation, because they're head deep in the banks asses
End of rant lol
