Bean-counting

Skybird · 03-16-08, 07:56 PM

Goldman-Sachs has told it's customers that the Euro-Zone (=the economical core of the EU) has taken over from the US as the world's biggest economic area, due to the sick dollar (according to information of theirs, given after the Euro's value raised beyond the mark of 1.56 Dollars end of last week).

The American GDP for 2007 was calculated to be 13.844 trillion Dollars, the 15 nations of the euro-Zone (not to be mistaken with the EU) produced a GDP of 8.848 trillion Euros in the same time (that is 13.880 trillion Dollars at the exchange rate from last Friday's climax so far).

The estimated GDP of all the EU with 28 nations for 2007 was estimated to be beyond 16.600 trillion Dollars, which made the EU with 31% of global production the largest economy in the world before, so the notification by Goldman-Sachs seem to be somewhat pointless. The euro-Zone has not overtalen the US, but the larger EU, if anything.

Damn the unhealthy dollar. For this top ranking nobody can buy anything. In fact, it costs us dearly. Many billions and billions, to be precise. I think the speculations that it is not a question of "if" but only "when" the Euro will take over from the dollar as the global reserve currency, will never fall asleep again, and become solid fact sooner or later. Euros and Gold are the things to buy. Dollars become interesting for paper-recycling companies. meanwhile, after one of the major American investement banks - Bear Stearns - had to be saved from the brink of extinction in last minute and caused european stockmarket indices to steeply fall, also raising doubts about the credibility of other major US banks, we finally had to hear demands to nationalize (? to put under state control?) other major banks in doubt and question (talking not about Venezuela, but America!), while the Fed has given signal to help inflation speeding up even more by cutting another 100 points. - Fasten your seatbelts everybody, its getting rough... I think, at this pace the Fed soon will reach the point when what is left of its ability to act and means to cast any influence at all, will have completely disappeared. The time after will become highly interesting.

03-16-08, 07:56 PM	#1
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,612 Downloads: 10 Uploads: 0	Bean-counting Goldman-Sachs has told it's customers that the Euro-Zone (=the economical core of the EU) has taken over from the US as the world's biggest economic area, due to the sick dollar (according to information of theirs, given after the Euro's value raised beyond the mark of 1.56 Dollars end of last week). The American GDP for 2007 was calculated to be 13.844 trillion *Dollars, the 15 nations of the euro-Zone (not to be mistaken with the EU) produced a GDP of 8.848 trillion Euros* in the same time (that is 13.880 trillion Dollars at the exchange rate from last Friday's climax so far). The estimated GDP of all the EU with 28 nations for 2007 was estimated to be beyond 16.600 trillion *Dollars,* which made the EU with 31% of global production the largest economy in the world before, so the notification by Goldman-Sachs seem to be somewhat pointless. The euro-Zone has not overtalen the US, but the larger EU, if anything. Damn the unhealthy dollar. For this top ranking nobody can buy anything. In fact, it costs us dearly. Many billions and billions, to be precise. I think the speculations that it is not a question of "if" but only "when" the Euro will take over from the dollar as the global reserve currency, will never fall asleep again, and become solid fact sooner or later. Euros and Gold are the things to buy. Dollars become interesting for paper-recycling companies. meanwhile, after one of the major American investement banks - Bear Stearns - had to be saved from the brink of extinction in last minute and caused european stockmarket indices to steeply fall, also raising doubts about the credibility of other major US banks, we finally had to hear demands to nationalize (? to put under state control?) other major banks in doubt and question (talking not about Venezuela, but America!), while the Fed has given signal to help inflation speeding up even more by cutting another 100 points. - Fasten your seatbelts everybody, its getting rough... I think, at this pace the Fed soon will reach the point when what is left of its ability to act and means to cast any influence at all, will have completely disappeared. The time after will become highly interesting. __________________ If you feel nuts, consult an expert. Last edited by Skybird; 03-16-08 at 08:17 PM.