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THE DEATH OF THE POUND IS IMMINENT

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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Londonrake » Tue Aug 08, 2017 6:40 pm

Isn't Davis leading the negotiations! :?
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Tue Aug 08, 2017 7:19 pm

Londonrake wrote:Isn't Davis leading the negotiations! :?


May is the figure head and the leader of her team ..... so the buck stops with her. Twelve months on and we are no wiser now than the day after the vote ..... doesn't exactly inspire confidence, does it? :roll:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Tue Aug 08, 2017 7:27 pm

A bunch of ...hasbeens, a bunch of wanttobeens !!
Still never mind at least we ....got our country back !!!!!
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Pyrpolizer » Tue Aug 08, 2017 10:38 pm

Robin Hood wrote:Pypolizer:

Thanks for taking the trouble to reply.

Para.! ..... we just have crossed wires. :wink:
Para"2 ......I'm thinking about it! :)
Para 3 ......Yes but we seen to be on the same sort of wavelength but vary in our concept. :roll:

The next couple of years are going to be interesting! I feel the Brexit in a way IS causing the pound problems but not the way Milti sees it.

After the result of the vote, the whole attitude of those who wanted to remain has been negative and dominated by dire warnings and predictions. Assuming that currency speculators are human like us, their job is demanding and whilst I have time to read various articles from several source they could well be running on opinions from around the office. If the opinions are negative this must influence their decisions which means they lose faith in Sterling.

The other problem is the 'team' we have doing the negotiating! I think May was right, she is strong and stable because she has both feet in a block of concrete. Twelve months on .... and what does she have to show for it? Not a lot. I don't have faith in her or her teams ability to come up with a deal, she is too weak a character. Instead of a 'Strong and Stable' leadership we need a 'Dynamic and Decisive' leadership. Whether you love him or hate him, Farage the showman had the qualities and Corbyn the morals and economic knowledge to deal with the EU. You have only to watch Farage and Hofstadt at loggerheads to see what is needed behind the closed negotiating doors. I fear May is too plastic and too polite to lead the negotiations. :roll:

We shall have to see what happens next.


That's interesting information for us "outsiders' Cypriots. Is Farage the guy who was constantly confronting Junker at the EU parliament?

btw I still haven't found the links I wanted, I am certain about that "5 times more" statement, but I think what I wrote needs a lot of correction.
I said:

wrote: Taking the UK's case it is about 5 times more it's total annual imports. The reason it is 5 times more it's because it's been exchanged too many times. In reality the currency in the hands of speculators at any given time is much less. I will post links later when I will have more time.


Corrections :
Firstly, I should have said "exports of goods and services" not imports, since we are talking for people and speculators exchanging certain currencies to buy GBP
Secondly I can't confirm the time span over which it is "5 times more" is on annual basis. Looking at the volumes of transactions it could be as low as on weekly or daily basis.
And thirdly my phrase starting with 'The reason is" was just wrong guessing. It is simply 5 times more! Probably 1/5th just to serve the primary market and the remaining 80% for currency trading/speculation purposes.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Wed Aug 09, 2017 8:06 am

Pyrpolizer;

That's interesting information for us "outsiders' Cypriots. Is Farage the guy who was constantly confronting Junker at the EU parliament?


Yes that's the guy! Many Brits hate him because he is a bit loud but he knows what he is talking about when it comes to the way the EU bureaucrats work and is not afraid to speak out. He also has frequent clashes with Hofstadt who was I believe once PM of Belgium ..... they hate one another.

Corbyn of course you know about but if you look into his policies the guy is quite smart but unlike Farage he is not 'in-your-face' leader material ...... although recently running up to the election and after, he is beginning to make his voice heard.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Londonrake » Wed Aug 09, 2017 10:01 am

Robin Hood wrote:
Londonrake wrote:Isn't Davis leading the negotiations! :?


May is the figure head and the leader of her team ..... so the buck stops with her. Twelve months on and we are no wiser now than the day after the vote ..... doesn't exactly inspire confidence, does it? :roll:


But she isn't negotiating. She will just cut the ribbon.

It's a liberal democracy, not a dictatorship. They have a Cabinet meeting, with all the Ministers and the deparmental Civil Service Mandarins involved. The Minister for the relevant department leads, with the PM in the Chair. Every one of them is familiar with the agenda. A policy/plan, whatever, is formulated and agreed. The Minister concerned deals with it on a day-to-day basis until a point's reached where the PM or other Ministers need to get involved again. He/she of course keeps them fully informed of any progress made or problems encountered.

Even Davis only attends when a given threshold is reached. Just like Barnier.

You surprise me. I suspect you're letting your political prejudices cloud things but you are basically being strung along, just like the MSM gullibles. :D

It's been clear for a long time, even before Junker's ridiculous post No 10 dinner press release, what one of the Commission's principal tactics is. The exploitation of divisions within the UK's population and Parliament. The spin is full of "Unprepared" "Incompetent" "Confusing" and a whole host of other similar adjectives, all designed to drum in the Pavlovian impression that the fully-informed and highly professional EU are patiently dealing with a bunch of idiots. The Remain camp are helping out in that respect - funny ole thing.

In reality there are twice as many UK people in the Brussels negotiating ranks as Commission. Moreover, it's become clear that Barnier has absolutely no room for manoeuvre at all. He's completely hog-tied by the brief issued to him from the Council (aka Germany).

Personally, I don't understand why we are negotiating at all. We will get absolutely nowhere, just experience repeated obfuscation, changes of mind, referrals back to somebody or other, et al. Hopefully, for the EU, as we get ever closer to March 2019, putting "who blinks first" pressure on the UK to accept a deal dictated by the Commission. Or, the increasing barrage of bad reports from Brussels widens the UK political schism to the point where things degenerate into easily exploitable chaos. These antics will go on until it reaches the wire and the economic reality of no deal on the horizon hits Brussels and the rest of the Federation (aka Germany/France).

I can only assume these negotiations are a PR thing. We should just tell them what we intend to do, pointing out a willingness to tweak details and do a mutually beneficial trade deal. The EU will just run rings around the UK team, talking about how frustrating it is, dealing with such clueless people. That's why it is and always has been of paramount importance that it's understood the UK would walk away and revert to WTO criteria, an economic disaster for the EU (aka Germany and France). Furthermore, if the UK walks away without some sort of (ludicrous) "Divorce settlement" the EU will find itself short of £10,000,000,000 a year - from day one. Whilst their spin is dismissive that's going to be a very, very serious problem for them - immediately. :wink:

A man like you, falling for that? :wink:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Wed Aug 09, 2017 11:34 am

LR:
In the commercial world I have come from if you take the rewards for being the head/lead of a team, especially one you have selected, then if they fail ..... it is your responsibility, not theirs. You take the flack not them. As I said so far they seen to have achieved very little ..... no doubt when she has finished her walking holiday she will then deal with it.

It's been clear for a long time, even before Junker's ridiculous post No 10 dinner press release, what one of the Commission's principal tactics is. The exploitation of divisions within the UK's population and Parliament. The spin is full of "Unprepared" "Incompetent" "Confusing" and a whole host of other similar adjectives, all designed to drum in the Pavlovian impression that the fully-informed and highly professional EU are patiently dealing with a bunch of idiots. The Remain camp are helping out in that respect - funny ole thing.

In reality there are twice as many UK people in the Brussels negotiating ranks as Commission. Moreover, it's become clear that Barnier has absolutely no room for manoeuvre at all. He's completely hog-tied by the brief issued to him from the Council (aka Germany).

Personally, I don't understand why we are negotiating at all. We will get absolutely nowhere, just experience repeated obfuscation, changes of mind, referrals back to somebody or other, et al. Hopefully, for the EU, as we get ever closer to March 2019, putting "who blinks first" pressure on the UK to accept a deal dictated by the Commission. Or, the increasing barrage of bad reports from Brussels widens the UK political schism to the point where things degenerate into easily exploitable chaos. These antics will go on until it reaches the wire and the economic reality of no deal on the horizon hits Brussels and the rest of the Federation (aka Germany/France).

I can only assume these negotiations are a PR thing. We should just tell them what we intend to do, pointing out a willingness to tweak details and do a mutually beneficial trade deal. The EU will just run rings around the UK team, talking about how frustrating it is, dealing with such clueless people. That's why it is and always has been of paramount importance that it's understood the UK would walk away and revert to WTO criteria, an economic disaster for the EU (aka Germany and France). Furthermore, if the UK walks away without some sort of (ludicrous) "Divorce settlement" the EU will find itself short of £10,000,000,000 a year - from day one. Whilst their spin is dismissive that's going to be a very, very serious problem for them - immediately.


With the above I am totally in agreement. (There's a surprise! :roll: )

Why bother to negotiate? We sit down behind closed doors and talk to industrial leaders and anyone that should have a say: come up with the ideal settlement based on what we want; draw our red lines; then define the minimum we will be prepared to settle for, to give the team leeway to manoeuvre and drop it on the EU table and leave the room telling them to “Give us a call when you have something sensible to talk about!” Go back and talk to them and if they want to be silly about it walk out of the negotiations.

Something you have missed is that the EU has made it very clear they are trying to punish the UK for deciding to leave Germanys Fourth Reich? To anyone with a brain it is very obvious that if the UK gets a good deal ...... why should other countries not do the same? Result ....... 'for ever closer integration' is stuffed up the Khyber Pass and the whole Federal Dream fades away and we are back to an EEC ..... like it was to begin with.

A man like you, falling for that?


Falling for what? That is an assumption on your part. I have always believed that in the long run the UK will be better off letting the Titanic sink and taking our chances in the life boat.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Londonrake » Wed Aug 09, 2017 4:20 pm

Almost uniquely I think - we have tended to be in broad agreement on this issue. Although perhaps, from different perspectives.

Again - I believe you are letting your Corbyn/May views cloud the issue. Forget about party politics.

When I talk of your "falling for it" I merely refer to the fact that your assertion nothing has been done and HMG are useless is actually a fallacy. You are swallowing the hook of EU Commission/Remainer spin. If that becomes generally accepted then I personally believe that the UK will end up exactly where Germany wants it. Just like Greece.

Despite my fidelity to the Brexit view I have never committed to its actuality. I will celebrate it when it happens. If it doesn't, I suspect political life in the UK will get very "interesting". :shock:

If anybody knows anything about the British character they would understand that this is something which isn't ever going away.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Pyrpolizer » Wed Aug 09, 2017 10:31 pm

Londonrake wrote:We should just tell them what we intend to do, pointing out a willingness to tweak details and do a mutually beneficial trade deal.


Could you elaborate on the main points of this targeted mutually beneficial trade deal and explain how they would in fact benefit both sides equally?
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Londonrake » Thu Aug 10, 2017 9:17 am

Pyrpolizer wrote:
Londonrake wrote:We should just tell them what we intend to do, pointing out a willingness to tweak details and do a mutually beneficial trade deal.


Could you elaborate on the main points of this targeted mutually beneficial trade deal and explain how they would in fact benefit both sides equally?


I contributed in some detail on this aspect within an earlier Brexit thread.

My apologies for diverting your discussion on currency speculation. :oops:
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