Obama would not have been elected anywhere in Europe.
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Posts by MKSL
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Welcome to Europe.
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Crude Settles Below $67 A Barrel; Dollar Hits Two-Year High Vs. Euro (WE'RE DOOOMED)
Suddenly, a whole lot of folks who needed some education in financial civics got it — fast and hard. The Euro is nothing more than a squishy currency convention between trading partners. It is NOT a reserve currency.
Price of Gold in US$ in € one year ago $833.75 €571.10 today $720.00 €562.59 difference -13.64% -1.49%
Investing in Euros is like investing in gold since the Euro performs like a gold-backed currency. The ECB's main objective is price stability. I guess it all depends on what you expect from a reserve currency.
However, a strong US$ certainly won't hurt Europe's exports. -
Some Chinese High-Speed Rail Pictures
Those trains are Velaro high-speed trains built by Siemens. They are based on the ICE 3 used in Germany. Velaro trains have been sold to China, Russia and Spain.
For comparison, here's a photo of ICE trains in Cologne, Germany:
The Chinese version of the Siemens Velaro:
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