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THE DEATH OF THE POUND IS IMMINENT

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Re: THE DEATH OF THE POUND IS IMMINENT

Postby repulsewarrior » Wed Sep 13, 2017 3:01 am

...indeed the forces for Sterling are still in London, and it remain's the world's financial capital despite BREXIT.

It crossed my mind, that the negotiations can go either way, if it is adversarial between the EU and Britain. Financially speaking the EU has not demonstrated its supremacy, if it came down to a competition. But, they may also find a solution that is something completely different benefiting both.

I am worried that Erdogan in this will play a role. He is closely allied to Britain, Europe is at odds with both of them, a big disadvantage in this regard. Everything is being done by Erdogan to cause a rift between the EU and his own political agenda; it is not Turkey, the People of Turkey, he strives for, let's not forget, but "Turkishness".

...Britain may come out of this just fine, standing by the sidelines so to speak, while Erdogan drives Europe down; the death of the Euro is just as imminent.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Wed Sep 13, 2017 3:11 pm

It is just too simple to consider Sterling alone without taking into account the state of the two other currencies we compare it with. Both the EU and the US have problems that could affect them, so a recovery for the GBP will not be so much that the UK will thrive and prosper after Brexit but that the other two will falter.

The UK's national debt is now £1.7Trn but a very large portion of that is money borrowed and spent in the UK. The US debt is $20Trn and a very large part of that is held outside the US. If required the UK could 'print' its way out of debt but the US cannot do that as it is THE currency held as reserves by foreign countries. When the debt collector comes calling the US has real problems. China and Russia are both large US debt holders because until quite recently they were compelled to sell oil/gas in USD and China most of the manufactured goods were sold to the US in USD as well. The EU is more like the UK but some EU states are rich and some are in trouble, so their problem is different but can still pull the Euro down. :roll:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Pyrpolizer » Wed Sep 13, 2017 10:49 pm

repulsewarrior wrote:...indeed the forces for Sterling are still in London, and it remain's the world's financial capital despite BREXIT.

It crossed my mind, that the negotiations can go either way, if it is adversarial between the EU and Britain. Financially speaking the EU has not demonstrated its supremacy, if it came down to a competition. But, they may also find a solution that is something completely different benefiting both.

I am worried that Erdogan in this will play a role. He is closely allied to Britain, Europe is at odds with both of them, a big disadvantage in this regard. Everything is being done by Erdogan to cause a rift between the EU and his own political agenda; it is not Turkey, the People of Turkey, he strives for, let's not forget, but "Turkishness".

...Britain may come out of this just fine, standing by the sidelines so to speak, while Erdogan drives Europe down; the death of the Euro is just as imminent.


Nice post RW.
It looks Erdogan throws his tramp cards everyday. He even confirmed that he ordered Russian S-400 air defense system for 2 billion $. Silencing the Americans telling them Turkey's defense is his first priority and he's not going to wait for eternity the US/Nato to provide him a similar system.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby B25 » Thu Sep 14, 2017 8:09 am

So I guess now we can bring the S-300 back to Cyprus, afterall, if Turkey is entitled to self defence so should we be!!!

Or is that too much to expect?????
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Pyrpolizer » Thu Sep 14, 2017 10:33 am

B25 wrote:So I guess now we can bring the S-300 back to Cyprus, afterall, if Turkey is entitled to self defence so should we be!!!

Or is that too much to expect?????


We are sooo weak and unimportant that Anastasiades gave them EVERYTHING our properties our rights everything, and they kept wanting more.
They already hired an American company to extract gas from our own EEZ. Who's going to stop them???
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Thu Sep 14, 2017 1:33 pm

Up at 1.12 right now. Could it perhaps signal the recovery of Stg both against the Euro and the dollar currently at just over
1.33. Let's hope it continues the recovery. I'm running out of euros must bring some Stg over, maybe bring ice the whole 200 over !!!
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Thu Sep 14, 2017 3:23 pm

Milti,

Yes good news for a change about Sterling ...... long may it continue. Do you think the change in fortune has anything to do with people now seeing that there are benefits to being outside a Federal Europe? Junker has said he wants a European Government/President with the power to impose taxes (Federal Tax?) like they have in the US, A Minister of EU finance, a harmonising of taxation in general and all remaining members of the EU to adopt the Euro ....... I think any attempt at those will be the last nail in the coffin for the EU. People are so much better informed these days. :wink:

But, this is what should be worrying you! A quote attributed to Mayer Amschel Rothschild foretold what is now happening, He may have said it, although there is no proof but the sentiment is surely very valid in this age of a financial economy that has surpassed the real economy. The quote is:

Permit me to issue and control the money of a nation, and I care not who makes its laws! :o

The banks are pushing hard for a moneyless society in which only their ‘tokens’ .... the numbers in your bank account, ledger entry’s, via plastic cards for now and later the chip (666?) .... will be used for payment and money transfers. Cash will no longer be allowed by governments. That is 100% total domination and control of the ‘money’ creation and supply by the banks. As Rothschild pointed out ...... he who controls the money, controls the State and thus the people. The drop off in jobs for people will kick off Universal Basic Income (UBI) which is paying people a basic salary for doing nothing! If the banks control the money and the State ..... they will effectively rule the World.

SOURCE: IBANK COIN

Former Citigroup Chief Vikram Pandit predicts that up to 30 percent of back-office banking jobs could disappear in the next five years due to developments in artificial intelligence and robotics.

In a Singapore interview with Bloomberg Television’s Haslinda Amin, Pandit said “Everything that happens with artificial intelligence, robotics and natural language — all of that is going to make processes easier,” adding “It’s going to change the back office.”

http://www.blacklistednews.com/Former_Citi_CEO_Pandit_Says_AI_Will_Replace_30_Percent_Of_Banking_Jobs_Within_5_Years/60803/0/38/38/Y/M.html


The banking system in The City has already shed several thousand jobs from both the investment side and high street banks ......... think about it! Who needs traders when a computer can do what they do, but in fractions of a second. Apparently in the UK you now go into a commercial bank but see no people just monitors and key pads! So I think the idea that thousands of these back office bankers will be sought by Frankfurt, Paris etc. is a bit of wishful thinking.

And of all the politicians in the UK only one seems to have the answer to stopping this destructive incursion by the banks ...... Corbyn! Peoples QE (Overt Monetary Financing) will be the only answer if we are to retain a democratically elected government, rather than one controlled by a mere handful of Bankers! You wait and see. :wink:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Thu Sep 14, 2017 6:49 pm

Leaving economics aside, I'm and always have been a staunch supporter of a united Europe on all fronts including the military. Europe has had two major wars in the last century with millions killed. I believe that a united Europe on all fronts will avert such events from ever taking place again.

As for the UK leaving the EU, I think I have made my views clear over the last year.

I also hope that Stg recovers if not to the pre Brexit levels at least above 1.15.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Kikapu » Thu Sep 14, 2017 7:06 pm

Pyrpolizer wrote:
B25 wrote:So I guess now we can bring the S-300 back to Cyprus, afterall, if Turkey is entitled to self defence so should we be!!!

Or is that too much to expect?????


We are sooo weak and unimportant that Anastasiades gave them EVERYTHING our properties our rights everything, and they kept wanting more.
They already hired an American company to extract gas from our own EEZ. Who's going to stop them???


RoC will sue any American oil company in American courts if they try to extract any oil from RoC's EEZ zone on Turkey's behalf, north or south of the island. I don't believe any oil company is going to do Turkey's dirty work.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Kikapu » Thu Sep 14, 2017 7:47 pm

Pyrpolizer wrote:
repulsewarrior wrote:...indeed the forces for Sterling are still in London, and it remain's the world's financial capital despite BREXIT.

It crossed my mind, that the negotiations can go either way, if it is adversarial between the EU and Britain. Financially speaking the EU has not demonstrated its supremacy, if it came down to a competition. But, they may also find a solution that is something completely different benefiting both.

I am worried that Erdogan in this will play a role. He is closely allied to Britain, Europe is at odds with both of them, a big disadvantage in this regard. Everything is being done by Erdogan to cause a rift between the EU and his own political agenda; it is not Turkey, the People of Turkey, he strives for, let's not forget, but "Turkishness".

...Britain may come out of this just fine, standing by the sidelines so to speak, while Erdogan drives Europe down; the death of the Euro is just as imminent.


Nice post RW.
It looks Erdogan throws his tramp cards everyday. He even confirmed that he ordered Russian S-400 air defense system for 2 billion $. Silencing the Americans telling them Turkey's defense is his first priority and he's not going to wait for eternity the US/Nato to provide him a similar system.


Erdogan is on his usual Blackmailing and Bluffing tactics on the S-400s with NATO. I do not believe there is a deal with the Russians and I don't believe Turkey will take delivery of these missiles not will Russia sell them, and most definitely will not transfer technology to Turkey. Erdogan want's to play Russia against the USA for them to shower him with goodies for Turkey to be on their side, but NATO will call Erdogan's bluff and Turkey will not get the S-400s and he will have an egg on his face, and neither will the West sell Erdogan any missiles with technology transfer.
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