The Best Cyprus Community

Skip to content


THE DEATH OF THE POUND IS IMMINENT

Feel free to talk about anything that you want.

Re: THE DEATH OF THE POUND IS IMMINENT

Postby Pyrpolizer » Fri Sep 15, 2017 5:50 pm

Kikapu wrote:
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.


Are you sure it's going to do the job as an "American Company"??
User avatar
Pyrpolizer
Main Contributor
Main Contributor
 
Posts: 9084
Joined: Wed Mar 29, 2006 11:33 pm

Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Fri Sep 15, 2017 7:44 pm

Getting back to at least the context of the OP! Sterling closed today at 1:1371 to the Euro.

What did I tell you only yesterday about the ‘Rothschild’ quote and the direction the banks were taking? Within a decade or even sooner there will be no such thing as currency, just ledger entry ‘tokens’ controlled completely by the banks!!!

Once they get you chipped ...... the banks will own and control everything you do! The Swedes are already mostly a cashless society, any offer to pay a bill in cash, even in a restaurant, and they call the police. Today’s Cyprus Mail says that the CBC is now going to limit cash transactions very soon to Eu.10,000 ..........and then 5k ..... then 2k ...... then 1k ....... then 500 ..... then 100 ..... this is the thin end of the wedge! THIS is why I am very suspicious of anything that involves banks. Would you trust an alcoholic to tend the bar? :roll:

IMPLANTED MICROCHIP TO REPLACE CREDIT CARDS, CAR KEYS - Paul Joseph Watson

A microchip embedded under the skin will replace credit cards and keys according to Stephen Ray, who has already overseen a program for Sweden’s largest state owned train operator that allows customers to scan their chips instead of using tickets.

BBC News showcased the system in which Swedes are able to have their embedded chip scanned by a conductor who uses an app to match up their chip membership number with a purchased ticket.

Around 3,000 people in Sweden have already had a chip embedded in their hand in order to access secure areas of buildings.

http://www.blacklistednews.com/IMPLANTED_MICROCHIP_TO_REPLACE_CREDIT_CARDS%2C_CAR_KEYS_/60823/0/38/38/Y/M.html
Robin Hood
Regular Contributor
Regular Contributor
 
Posts: 2510
Joined: Mon May 18, 2009 7:18 pm
Location: Limassol

Re: THE DEATH OF THE POUND IS IMMINENT

Postby Kikapu » Mon Sep 18, 2017 3:09 pm

Pyrpolizer wrote:
Kikapu wrote:
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.


Are you sure it's going to do the job as an "American Company"??


In America, you can sue a Ham Sandwich and lawyers and courts will go along with it. Lawyers love to sue deep pocket companies and I also trust American courts to hear the case against American companies, as well by the jury.. Then there's always the appeal if one feels their case did not get a fair hearing.
User avatar
Kikapu
Leading Contributor
Leading Contributor
 
Posts: 13540
Joined: Sun Apr 16, 2006 6:18 pm

Re: THE DEATH OF THE POUND IS IMMINENT

Postby repulsewarrior » Tue Sep 19, 2017 12:08 am

...BP is the one most proudly announcing recently to the British Foreign Affairs office, that they have excellent relations with Erdogan, having steered clear of any interests with Cyprus; something to think about.

...Russia took no involvement either.
User avatar
repulsewarrior
Main Contributor
Main Contributor
 
Posts: 7593
Joined: Sat Apr 08, 2006 2:13 am
Location: homeless in Canada

Re: THE DEATH OF THE POUND IS IMMINENT

Postby supporttheunderdog » Tue Sep 19, 2017 12:08 pm

an Article in Today's Indy..

http://www.independent.co.uk/voices/sterling-rise-british-pound-brexit-interest-rates-not-over-yet-brexit-uncertainty-a7950101.html

Immense uncertainty surrounding the terms of the split is what sent the currency sliding in the first place. More clarity looks improbable in the short term, so why would investors – especially from abroad – be tempted to buy back in to any UK asset any time soon?

Because lofty inflation would be the main motivation for action, some economists and forecasters even think the snappy messaging in the Bank of England’s minutes was a sneaky attempt to talk up the pound and thereby curb that inflation. The theory goes that moderating inflation would then take pressure off the bank to act.

If that scheme – though perhaps far-fetched – emerges to be true, then we’d have yet another reason to call off the pound’s party.

It was the French who summarised it perhaps most succinctly: “Sterling has rallied strongly in recent weeks,” strategists at Societe Generale said. “But it is not sustainable in our view.”

What’s also worth considering is that some of the pound’s perceived muscle last week was actually a function of the dollar’s softness – meaning that the climb was sort of cosmetic, if you will.

A trade-weighted index of the pound, which measures it against a whole host of other currencies, shows that it’s still down over 10 per cent since the Brexit vote, even though its fall against the dollar has moderated to around 8 per cent (from more than 14 per cent earlier in September).

The dollar’s been plagued by worries linked to Hurricane Irma and North Korea. But it’s showing signs of stabilising – even if it does seem too early to talk about a full-blown recovery.

And then there’s the euro.

Rubbing salt in our Brexit-inflicted wounds, the bloc’s single currency has charged ahead of late, boosted by robust data. Official figures showed last week that wages grew at their fastest rate in two years during the second quarter of the year.

A few weeks ago we were talking about the prospect of the pound slumping to parity against the euro for the first time in the single-currency’s relatively short but decidedly eventful history.

Some traders seem to have scrapped those forecasts this week. But leading economists at a handful of big banks still think that we’ll get there later this year or early next. It was nice while it lasted, but there are more reasons that we need to conclude that the pound’s glory days are obviously numbered.
User avatar
supporttheunderdog
Main Contributor
Main Contributor
 
Posts: 8158
Joined: Thu Oct 28, 2010 3:03 pm
Location: limassol

Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Thu Oct 05, 2017 4:31 pm

Tell me? If the fall in the value of the GBP was due to the Brexit vote result, with this being an even bigger threat to the unity of the EU ….. why has the Euro not collapsed against the GBP and other currencies? Not only Spain has this problem but even in Italy, France, Austria and even mighty Germany, there are autonomous or semi-autonomous regions rumbling about breaking away. But does the Euro drop in value? …… NO! …... why? :roll: :?:

This proves what I have said all along, the drop was due to speculation with a political motive, driven by people like Junker to punish the UK for daring to leave the UK on a democratic vote. It had nothing to do with the vote but those causing the fall in value (currency speculators) were primarily ‘Remainers’ who were caught out by the result in spite of all their self acclaimed financial expertise. It had nothing to do with the UK economy collapsing or economics in general ...... it was simply a knee jerk reactions by disgruntled speculators and their political masters!

Catalan crisis 'bigger threat to EU than Brexit', MEP warns

But Esteban Gonzalez Pons, an MEP from Spanish Prime Minister Mariano Rajoy's Popular Party, rejected calls for mediation, saying Spain did not need "looking after".

"Deciding is Spain should break up or stay united is a matter for Spaniards and only for Spaniards," he said.
"If today you let Spain break up with Catalonia, a domino effect will follow across the continent. Instead of a Europe of 27 we will have a non-Europe of mini-states."

The European Commission, the EU's executive arm, broke weeks of silence on Monday to call for dialogue but stressed that it still regarded the vote as an "internal matter" for Spain, drawing criticism from Catalan separatists.

Full article.

https://www.yahoo.com/news/catalan-crisis-bigger-threat-eu-brexit-mep-warns-111104904.htm
Robin Hood
Regular Contributor
Regular Contributor
 
Posts: 2510
Joined: Mon May 18, 2009 7:18 pm
Location: Limassol

Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Thu Oct 05, 2017 5:35 pm

Robin , the fall of stg was due to Brexit result. Accept it and
Move on. The geriatric little englanders ARE responsible NOT traders. Well at least we now .....have our countryback !!!!
Not forgetting the 350 million stg that our NHS will be enjoying each and every werk. What a load of crap and? Mate ypu too fell for it
User avatar
miltiades
Leading Contributor
Leading Contributor
 
Posts: 16320
Joined: Thu Apr 13, 2006 10:01 pm

Re: THE DEATH OF THE POUND IS IMMINENT

Postby Robin Hood » Thu Oct 05, 2017 5:47 pm

miltiades wrote:Robin , the fall of stg was due to Brexit result. Accept it and
Move on. The geriatric little Englanders ARE responsible NOT traders. Well at least we now .....have our country back !!!!
Not forgetting the 350 million stg that our NHS will be enjoying each and every week. What a load of crap ? Mat,e you too fell for it.


You cannot ignore the obvious Milti ...... if you believe the UK Referendum caused a fall in the value of the GBP ...... why is the same not happening to the Euro? Explain that to me! It is an obvious question as the Catalonian situation will have a far greater impact on the federalisation of the EU than Brexit ever could, because it will snowball and cause even more unrest. According to your reasoning this should have an effect on the Euro/GBP rate, with the Euro losing against all currencies. It doesn't .... therefore the Brexit theory doesn't hold up! :roll: :wink:
Robin Hood
Regular Contributor
Regular Contributor
 
Posts: 2510
Joined: Mon May 18, 2009 7:18 pm
Location: Limassol

Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Thu Oct 05, 2017 6:04 pm

Not the least intetested. The fact is solid, following the Brexit result the pound fell and continues to fall.
User avatar
miltiades
Leading Contributor
Leading Contributor
 
Posts: 16320
Joined: Thu Apr 13, 2006 10:01 pm

Re: THE DEATH OF THE POUND IS IMMINENT

Postby Pyrpolizer » Thu Oct 05, 2017 9:29 pm

Catalonia voted but nothing that would have an economic impact happened. Nor is expected to happen in the near future. So why should the Euro get affected??
OTOH the Brexit vote and Teressa's official application to leave the EU, is expected to have a negative impact on the British economy when it actually occurs.
However speculators still take into account that the UK might NOT eventually leave the EU. Therefore the STG is currently in it's midway from where it would be one day after the UK actually breaks ties. Watch it falling and falling as long as the Brexit negotiations progress.

It may fall even more after that if the British economy won't make it.
User avatar
Pyrpolizer
Main Contributor
Main Contributor
 
Posts: 9084
Joined: Wed Mar 29, 2006 11:33 pm

PreviousNext

Return to General Chat

Who is online

Users browsing this forum: No registered users and 0 guests