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Reply #97: Well, I may be mistaken, but this is how I see the currency thing [View All]

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daleo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-13-04 11:48 AM
Response to Reply #95
97. Well, I may be mistaken, but this is how I see the currency thing
Suppose in 2002 you bought 1,000,000 units of wine at 10 euro per unit.

So in 2002 it would cost you $9,000,000 to buy the 10 million euros you need to buy the wine. In 2004, you would need $13,500,000 to buy the million Euros needed for the same amount of wine. So, you are spending $4,500,000 more to get the same amount of wine, at least as expressed in U.S. currency. At least that's my simplistic way of thinking about it.

I imagine there are lots of other things going on, though. I have read that GM foods have been an overall money loser for agriculture, as well, so I am not defending them.

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