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Old 05-08-2013, 04:41 PM  
theking
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Join Date: Sep 2002
Location: The good old USA!!!
Posts: 21,053
Quote:
Originally Posted by crucifissio View Post
yes yes profits are at an all time high EXCEPT if you had one million dollars in cash before 9/11 the exchange rate was 1200 euros for 1000$...now you get 769 euros for 1000$...

simple math you are 431 euros short on the same 1000$ or, in my one million $ example you are short a whopping 431000 euros since 9/11

so on one million $ you lost (at todays conversion rate) 567.000$...now in the USA a dollar is a dollar...but that same company is now 50% cheaper for foreigners to acquire being that the dollar dropped 50% on the euro since 9/11...

using that logic I am a former billionaire LOL we had hyperinflation and I was actually a trillionaire...it did not make the economy any better or stronger...

"all time profits" is relative...
Once again sport...you are ignorant about the subject you are talking about...it does not quiet work that way.
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