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THE DEATH OF THE POUND IS IMMINENT

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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Pyrpolizer » Thu Aug 10, 2017 1:25 pm

Londonrake wrote:
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:


NP. The currency speculation was just parenthetic to the main topic and I think we exhausted our views.
We may continue to the other topic if you can find the link to your old post, as there have been too many "Brexit" threads.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby GreekIslandGirl » Fri Aug 11, 2017 6:09 pm

The irony being how few people are truly "British"... :P

http://www.independent.co.uk/news/uk/ho ... 86541.html

Villagers in the Cotswolds have expressed their shock after DNA tests revealed they were collectively less than 50 per cent British, despite the majority of them believing they had no foreign blood.


:P
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Wed Aug 23, 2017 9:31 am

Sterling hovering just above 1.09 euros, this of course is the Mid Market Rate ( MMR). If you are taking your money out of a cash machine you get just over one euro.
Needless to say, as Robin woyld hace us believe, this decline has absolutely nothing to do with ....Brexit. just pure speculation that seems to work only downwards.
The pound as we once knew is in for a rough time. How long before its worth less than one euro??
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Londonrake » Wed Aug 23, 2017 10:00 am

miltiades wrote:Sterling hovering just above 1.09 euros, this of course is the Mid Market Rate ( MMR). If you are taking your money out of a cash machine you get just over one euro.
Needless to say, as Robin woyld hace us believe, this decline has absolutely nothing to do with ....Brexit. just pure speculation that seems to work only downwards.
The pound as we once knew is in for a rough time. How long before its worth less than one euro??


I'm loath to disagree with you on this one - I know how raw the subject is with you. However, to be fair, the € has been gaining ground against all currencies recently. That as a result of a number of factors. The elections in Netherlands and France, with a certain win being predicted for Merkel next month, has led to what I regard as false optimism about the future of the EU. Furthermore, there's been a return to growth in the Federation recently, 2% being talked about for this year. That though has been brought about by the ECB printing and throwing two trillion Euros into the ring. That process is shortly to come to an end.

A momentary and I think totally false impression has resulted in an increase in the value of the € against both the $ and £. I personally believe that in the not to distant future it will all end in tears though. Or happiness of course, if you're a Sterling man.

And let's not forget............................................................... we are getting our country back! :lol: :lol: :lol: :wink:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Wed Aug 23, 2017 11:29 am

No sooner said and Stg has taken another ....dive. Now down to 1.086 euros !!!
Like it or not Brexit IS the main factor . As Om now in euros Im not feeling the affect, only with my pensions.

By the way, we gave OUR country to the ever increasing number of third world muslims who will soon have not only a London mayor but a PM.

How ...gracious it is to be fishing in the company of beautiful Russian women, blonde mostly, you think I go fishing for ....fish !!!!

Limassol must have the largest selection of beautiful women as well as the largest number of ....suicide car and bike drivers. They are horrid, obnoxious and make such a fucking noise
Im starting a campaign to introduce 4 legged mode of transport , no noise and a load of crap at least not deadly.
Re Lemesiani adjamies malakes learn to fucking drive ypu pricks .
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Wed Aug 23, 2017 7:33 pm

The more I see, the more I am convinced this is an 'attack' on the £ and being driven by politics rather than economics I It is the so called currency markets that have caused the drop in the pound by their reaction to the vote. How come the currency speculators have attacked the £ but not the bond and share markets? The currency traders have only one function ...... to make money. I believe the UK is effectively in covert war with the EU Commission, the ECB and the IMF. Because Brexit could be a big threat to the banking and financial system.

The UK for the first time since 2002 shows a balance of trade surplus ...... and the £ immediately drops sharply ..... where is the logic in that sort of reaction. The UK has one of the lowest unemployment rates in Europe, has its own sovereign currency, a reasonably healthy economy (not booming but steady) ......... compared with many Eurozone countries it is healthy. The UK government debt, like that of Japan, is held mostly in sovereign currency, whereas countries like Greece, Cyprus, Spain, Italy etc., those in the Eurozone, all have their debts in Euro’s, effectively a foreign currency. The only country that seems to do well out of all this is Germany.

Four European banks have failed over the past eight months alone, one Spanish and three Italian, giving strong indications that another 2007 corrective brink may be at hand. In addition in every case the EU/ECB fails to apply their own rules because they now realise a bail-in will bring down the EU:

Yet said board, taking the lead from the ECB, “decided that resolution of the banks under the new EU rules (bail-in) was ‘not warranted in the public interest’”. There were political reasons for handling the twin banks’ bailouts with such haste but also presumably reasons involving the need for averting systemic fiscal risks spiking. The former reasons tend to be emphasized in the mainstream corporate press; the latter, not so much.

https://www.newsbud.com/2017/07/19/european-bank-failures-when-do-they-go-globally-systemic-and-who-decides/


Even German and Austrian banks have taken hits …… all apparently sort of ‘bailed-out but not bailed out’ …………. the whole system is so corrupted and bent it beggars belief.

No UK banks have collapsed but all the EU’s banking problems, and there are many, have no adverse effect on the Euro? That takes a lot of believing!

I still maintain that looking at the overall picture since the refendum ..... there is no economic justification for the fall in the value of the pound against both the Euro and the USD. It does not make economic sense. IMO: This points the finger only at speculators as the reason, who are under covert direction from the EU/ECB. IMO I also believe the £ will recover but more by a collapse of the Euro/USD. But if any one wants to believe that ‘ ....it is all down to Brexit’..... I would suggest you are failing to look at the whole picture ..... and it’s a very big picture!

If you have 2hrs 10 mins to spare have a look at ‘97% Owned’ on Youtube. - maybe long but you will learn something about the system that rules your lives.

https://www.youtube.com/watch?v=XcGh1Dex4Yo – In particular from 1:25:00 which deals with currency and currency speculation.

Also:

http://www.telegraph.co.uk/news/2017/01/26/euro-could-collapse-next-18-months-warns-man-tipped-trumps-eu/
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Thu Aug 24, 2017 3:09 am

Robin, as much as you try to put the blame elsewhete, its ZBRECIT mate. It fucked Stetling up. Be a tealist mate, it was s diabolical result based on little englanders menality mostly geriatrics working class.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Thu Aug 24, 2017 9:39 am

[quote="miltiades"]Robin, as much as you try to put the blame elsewhete, its ZBRECIT mate. It fucked Stetling up. Be a tealist mate, it was s diabolical result based on little englanders menality mostly geriatrics working class.[/quote

We will never agree on that , I think because you see the beginning and the end ..... I see the beginning, the middle and the end, and it is in the middle that the problem lays. Do look at the video from 1:25:00 .... you will find it interesting and maybe you will see it as I do? :wink:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Thu Aug 24, 2017 12:21 pm

Robin im not the least interested in either the end or the beginning. All i know is that the pound in my pocket since Brexit has diminished in value.looked at your pension lately ? Most people are not like you , they are more likely to feel the pinch whilst living overseas or o holiday.
The mighty Sterling is no longer and the steady decline continues.
This is reality.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby CBBB » Thu Aug 24, 2017 1:10 pm

miltiades wrote:Robin im not the least interested in either the end or the beginning. All i know is that the pound in my pocket since Brexit has diminished in value.looked at your pension lately ? Most people are not like you , they are more likely to feel the pinch whilst living overseas or o holiday.
The mighty Sterling is no longer and the steady decline continues.
This is reality.


Robin doesn't do reality, he lives in his own parallel universe where the rules are different.
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