MercoPress. South Atlantic News Agency
Venezuelan currency overvalued by 83% according to the Big Mac index
The Big Mac index computed by The Economist showed that the Venezuelan Bolivar is the most overvalued currency worldwide with respect to the US dollar, reflecting the imbalance of the Venezuelan economy. Read full article
Comments
Disclaimer & comment rulesGuys, you got a new way to measure us, the Big Mac index! Hahahahahaha
Aug 09th, 2012 - 07:46 am - Link - Report abuse 0I can remember when the item of comparison was the Mars Bar .... The Mars Bar Index of purchasing power parity. What happened to the MBIOPPP?
Aug 09th, 2012 - 09:34 am - Link - Report abuse 0@1 It's not exactly “new”. It was originally introduced in September 1986. Perhaps you should try to keep up! Incidentally, another index is the Starbucks tall latte index.
Aug 09th, 2012 - 11:41 am - Link - Report abuse 0Guzz seems to be mistaken in believing this article is about Argentina rather than Venezuela.
Aug 09th, 2012 - 11:45 am - Link - Report abuse 0Argentina avoids a bad rap on the Big Mac index by compelling McDonalds to sell a big Mac at a price chosen by the Argentine government. In return McDonalds don't even advertise the Big Mac in Argentina - you wouldn't know they sold them unless you specifically asked for one.
NY Times:
Aug 09th, 2012 - 11:45 am - Link - Report abuse 0“Argentina's Big Mac Attack”
Argentina cheats in order to fake the Big Mac index.
http://latitude.blogs.nytimes.com/2011/11/24/argentinas-big-mac-attack/
Also confirmed on argentine newspaper:
http://latitude.blogs.nytimes.com/2011/11/24/argentinas-big-mac-attack/
@1 you may knock it fuzz, but it was important enough for you Argtards to fake the index...BOOM!!!!!
Aug 09th, 2012 - 11:49 am - Link - Report abuse 0Oh! Noooooo
Aug 09th, 2012 - 12:14 pm - Link - Report abuse 0The ignorant retarded strike again with the “BM” index now, which is a joke invented by a journalist from TE.
Why not to use the “Beef” index, the “Water” index, the “Spaghetti” index, the “Paella” or the “Bread” index?
What kind of retarded can believe that “BM” index can be a guide line to measure currency value?
Ah! I see only stupid monolingual unidirectional just in one dimension English speaker from peripheral poor areas and remote BOT places living in Stone Age.
I love it when Danny Berger parades his ignorance as if it's something to be proud of.
Aug 09th, 2012 - 12:35 pm - Link - Report abuse 0If you can't understand why they use a Big Mac rather than the other products you mentioned then one can only conclude that you're the one that's retarded.
Go on - have a go. Why is a Big Mac more suitable then every single item you have listed as an alternative? It's utterly obvious to anyone with even half a brain.
#7 “Why not to use the “Beef” index, the “Water” index, the “Spaghetti” index, the “Paella” or the “Bread” index?”
Aug 09th, 2012 - 01:08 pm - Link - Report abuse 0Exactly. Big Macs, Mars Bars, Starbucks - why are all these indexes based on things I'd never want to buy?!
answer this, if the index is retarded why does Argtards and venezoophilia find it so impirtant enough to cheat them??? surely if they are as retarded as you think :) then the index would not be such a major concern to them, but clearly it is.
Aug 09th, 2012 - 01:28 pm - Link - Report abuse 0would you like fries with that?
@7 Poor Dany. Why do you want indexes based on things you can't afford and rely on Mummy and Daddy for? Do you eat argie beef? Poor sod. All those vet drugs that are probably reinforcing your psychosis. Is there any “clean” water in argieland? Or do you flush the WC and hope for the best? Spaghetti and bread? Made from what? Barley? Or is it imported? Paella? Can't rely on that. You have to have fish. Not seaworms!
Aug 09th, 2012 - 01:50 pm - Link - Report abuse 0@9 What you mean is: “based on things I can't afford!” Still digging through bins and skips, are you?
#11 Not at all, the Big Mac is junk food
Aug 09th, 2012 - 01:58 pm - Link - Report abuse 0@Idlehands
Aug 09th, 2012 - 02:27 pm - Link - Report abuse 0The only ignorant seems to be you according with your own reply.
The BMI as I said before was introduced as a humorous explanation for idiots and ignorant like you to explain how PPP works. And made his first appearance in 1986 in an article wrote by Pam Woodall. Even The Economist says that is not to be taken as a serious index.
(A serious index should take 1 to 2 years to be made)
Like the morons that read the TE like you, liked the idea, because only stupid can think that can be a reliable index. The Economist continued publishing it as an Index for PPP and of course has not any valuable importance other than for entertaining ignorants.
The journalist thought to use the BM because she thought that BM was a product in essence made in the same way and that is world wide consumed.
Of course she was completely wrong with her assumption because English speakers are uni-dimensional subjects and they only can see the world in English and from little Islands.
Now genius, can you tell me how does the BMI can be used in India for example? they don't eat cow meat as far I know.
Taxation, import duty, supply chain, transportation, difference in the product, size, etc.
Do you think that MD will charge $4 when the company can charge $6? Like in Brazil?
Franchising? Direct sell?
So tell me how much cost a kilo of pasta in your local store and I will tell you how much valuated or devaluated you currency is compared with the Euro.
Sounds stupid isn't it?
I assume your president is a bit stupid then? Trying to manipulate an index that makes no sense in the first place.
Aug 09th, 2012 - 03:56 pm - Link - Report abuse 0Is 'unidimensional' your new word of the week? Seem to be using it a lot.
Big Mac index!!! Hahahaha!!! How on earth are we supposed to take that seriously???
Aug 10th, 2012 - 06:49 am - Link - Report abuse 0@Idlehands
Aug 10th, 2012 - 08:34 am - Link - Report abuse 0Again with ferry tales from La Nacion and Clarin the price of the big mac had increased 26% according with your own source of information (ClarinMiente & La Destruccion”. Even “La Destruccion” had reported the rise as is quite useful to bash the govt.
The Big Mac went from $ 21 a $ 26,50.
So where is the manipulation?
And I have no doubt that will increase even more to USD6 like in Brazil.
Why? Because is what I would do if my sales in others markets drop as is currently happen in the north so that way I can compensate loses buy charging more in market where are not in recession.
I told you before that only an ignorant idiot cans believe that the Bic Mac index can tell you currency appreciation or PPP.
Even though in US you have different prices from cost to cost.
Meanwhile in California the BM cost $2.99 in New York $4.50.
So according with you and “The EconoLiar” an American suffers a devaluation of the dollar just by going from LA to NY.
Well mate have you been thinking what are you gonna do when Financial Armageddon knocks you door in little Britain?
Will you move with CrisRambo to Uruguay to clean toilettes or you will look for a job for serving tables in BA?
But you will have to learn Spanish first, come on don’t be lazy.
Here you can start your Spanish lesson come on repeat “Soy un Reverendo boludo que busca laburo”, “Soy un Mohammed que no puede hablar su propio idioma bien, por favor téngame paciencia”, “Estoy buscando un laburo para servir mesas y limpiar baños tiene algo para mi?”, “Donde puedo comprar Kebabs señor?”...
@16 have you got a pilots license 5hitberger? have you got a license to trade on the stock exchange ? can you speak an asian language, i suspect not and the reason for that , you dont need one, same principle with the spanish language why oh why would an english speaking person need spanish im not going to live in a 3rd world country im not going to work illegally in the US, or join some latam government in a tinpot dictatorship, spanish language is only needed by the spanish, dictators and the poor of america however english well every country needs to learn that, as you have proven by commenting in the queens english dear boy, a majority of english dont need any other language.
Aug 10th, 2012 - 11:35 am - Link - Report abuse 0as for “little britain” have you still not learnt size doesnt matter an example for you cheeseberger “1982” how small did “little britain” make Argentina look, please tell me i would love to know the national feeling from you argtards when you squeeled “I surrender” to little old britain at the point of a bayonet????
strange how “I surrender” was the only english phrase Argtard soldiers desperately wanted to learn before the invasion. :)
Have a nice day :)
@15 More believable than ANYTHING produced by Indec!
Aug 10th, 2012 - 01:13 pm - Link - Report abuse 0@17 Your trouble is that you daren't believe anything apart from government propaganda. In any honest or normal country, there might be the odd decimal point between government produced figures and those that are produced by other organisations. But what's the situation in argieland? Indec produce one set of figures and everyone else virtually doubles them. And you go along with it! Are you mad? Are you incapable of honesty? Even with yourself? If there is one thing you can bet on in this world and this life, wherever you are, it is that refusing to face the truth is part of the route to disaster. Not that I care whether argieland goes into disaster. I hope you do. I can't think of one good thing that can be said about argieland. And I don't even feel particularly sorry for the people. You have brought things upon yourselves. “England” can be traced back over a thousand years. In one form or another, we've seen it all. And we've beaten it all. Your hope that England, Britain or the United Kingdom is facing some sort of Armageddon is just wishful thinking. Try a few little comparisons. Population - argieland 41,281,631 UK 62,262,000 GDP (PPP) argieland $710.7 billion UK $2,308,503 billion GDP (nominal) argieland $435.2 billion UK $2,452,689 billion. Can you see how far behind you are? Around $2,000,000 billion a year, every year. If WE EVER get down to your level, we might to feel a certain concern. Just figure us as 2,000 times better off than you. There will be NO UK financial Armageddon. But you might want to get accustomed to the idea of eating grass. And, as PirateLove has pointed out, gibberish is the grunts of the poor, uneducated and stupid. I only ever found it necessary to learn enough to order beer. Have you ever tried reality?
@PirateLove & Conqueror
Aug 11th, 2012 - 12:33 am - Link - Report abuse 0Sorry boludos I didn’t understand a word of what you say can you translate it into Spanish please?
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