The euro has tumbled near parity to the US dollar

Re:The euro has tumbled near parity to the US dollar by mixedCase on Monday July 11, 2022 @05:03PM (#32061809)

And it merits stating the obvious: In turn, employees and local suppliers suffer a worse quality of life as their salary loses buying power.

Inflation redistributes wealth from people who earn and save in local currency (lower and middle class most impacted) to benefit those who deal more in foreign currency (upper middle class, rich people).

Any inflation above the stability rate, produced by monetary policy, is government thievery plain and simple. I say this as an exporter who financially benefits from local currency inflation.

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Re:The euro has tumbled near parity to the US dollar by dsq on Tuesday July 12, 2022 @02:00AM (#32066183)

Absolutely, that's why it's a silver lining in a very dark cloud. Ordinary folks (myself included) suffer greatly in inflation. The only real beneficiaries are exporters of locally produced goods or services

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