Barbarian Conan
Executive Member
"If you don't like what the government is doing, vote for someone else"
Votes EFF.
"NOOOO not them!!"
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The ZAR Exchange Rate Thread
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"If you don't like what the government is doing, vote for someone else"
Votes EFF.
"NOOOO not them!!"
Johnatan56
Honorary Master
Not even close, unless you're trying to say their medicare changes are so, but overall that change will probably reduce medical spending for the US due to the middle men upping the prices so much for government.
And you can definitely build an economy on socialism, look at e.g. Germany.
There is a huge difference between the US and South Africa, you have way more taxpayers there, etc., and they are not really going that far into socialism either.
rvZA
Honorary Master
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Not possible. Not in the least. However, America is not far from being comparable to SA if they are keeping on heading in the same economic trajectory.
The parallels are actually insanely similar for non-whites albeit different demographic majorities with usual historic issues in both countries and many failed attempts to address it that failed because of the simple fact that they didn’t address the societal issue.. just superficially and for the few.
Anyways.. the tax payer ratio is vastly different and yet they still in kak because they went hard capitalism which comes with losers as part of the system and those grow huge when keep bailing out instead of letting it fail.
This seems very strange. Are you seriously saying SA, where your "non-whites" are in the vast majority, in total control of government (and more and have been for 27 years) and there are a plethora of racially discriminatory laws is similar to the US where "whites" are the majority and there are none or very, very few race based laws (as far as I know)? My view; "societal issues" can only be improved from within, not by external interference. But happy to be proved wrong.
cr@zydude
Honorary Master
The rand is fragile. A 1% swing happens fairly often.
Lupus
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I know, just that 1% swing is 20c
Quite a cool look at long term rand-to-dollar rates.
Does the rand-dollar PPP actually tell us anything?
For starters, there isn’t consensus on what the purchasing power parity level actually is.
www.moneyweb.co.za
View attachment 1086279
Quite a cool look at long term rand-to-dollar rates.
Does the rand-dollar PPP actually tell us anything?
For starters, there isn’t consensus on what the purchasing power parity level actually is.
Yeah. Those peaks:
9/11
Financial crisis
Nene gate
Covid
Still always an upward trajectory. I don’t see any parallels.
First apartheid then ANC. Rand has never had it good besides during British rule.
He is referring to being part of the commonwealth up to the 60s.
cr@zydude
Honorary Master
The rand was launched in February 1961, SA left the Commonwealth when it became a Republic in May 1961.
So basically the rand has always been a POS…
It was still pegged to the Pound. Was when it was uncoupled and sanctions introduced that the shite started.
d0b33
Honorary Master
We should rejoin the commonwealth! We should never have left!
cr@zydude
Honorary Master
We are part of the Commonwealth now, but the British monarch is no longer our head of state.
The NP used a few tricks to pass the Republic referendum.
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