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THE DEATH OF THE POUND IS IMMINENT

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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Sat Mar 18, 2017 9:54 am

tsukoui wrote:I must apologise for using your name, GR, Pyro, RW, all of us want to see the British people flourish, the crown is not painful to wear, it is money that is fuelling the unrest, you too must learn to tell the difference between Pan and Apollo, I am not asking you to judge :cry:

Sterling holding on, finishing the week slightly up on both the Euro at just over 1.15 and against the US dollar at just a fraction below 1.24. I do hope that my prediction is wrong and that Sterling will, if anything, remain steady at its current levels.

Its now certain that we are going for a hard brexit, what it will mean to our economy one does not fully know. I'm not an advocate of pseudo nationalism but a realist , economy is what matters to the UK, the nonsense spouted by Farage on getting back our country , our NHS windfall etc etc
do not the least impress me, I'm more concerned with our economy and how it will cope being outside the worlds largest trading block. Many contradictory statements appear daily, the fact of the matter is that we are in for a long period of uncertainty and financial markets react negatively to uncertainties.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Pyrpolizer » Sat Mar 18, 2017 11:47 am

miltiades wrote:
tsukoui wrote:I must apologise for using your name, GR, Pyro, RW, all of us want to see the British people flourish, the crown is not painful to wear, it is money that is fuelling the unrest, you too must learn to tell the difference between Pan and Apollo, I am not asking you to judge :cry:

Sterling holding on, finishing the week slightly up on both the Euro at just over 1.15 and against the US dollar at just a fraction below 1.24. I do hope that my prediction is wrong and that Sterling will, if anything, remain steady at its current levels.

Its now certain that we are going for a hard brexit, what it will mean to our economy one does not fully know. I'm not an advocate of pseudo nationalism but a realist , economy is what matters to the UK, the nonsense spouted by Farage on getting back our country , our NHS windfall etc etc
do not the least impress me, I'm more concerned with our economy and how it will cope being outside the worlds largest trading block. Many contradictory statements appear daily, the fact of the matter is that we are in for a long period of uncertainty and financial markets react negatively to uncertainties.


I was about to comment on that, as I think Tsuk was referring to the broader meaning of what money does to the world

Anyway, there will still be a 325 billion savings for the UK getting out of the EU. That's a huge amount! Comparing UK's population to that of Cyprus that would mean about 5 billion for little Cyprus, enough money to boost the economy.
On the other hand such a deficit is going to really shake the EU's finances as well.
What do you think of that?
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Sat Mar 18, 2017 12:23 pm

Pyrpolizer wrote:
miltiades wrote:
tsukoui wrote:I must apologise for using your name, GR, Pyro, RW, all of us want to see the British people flourish, the crown is not painful to wear, it is money that is fuelling the unrest, you too must learn to tell the difference between Pan and Apollo, I am not asking you to judge :cry:

Sterling holding on, finishing the week slightly up on both the Euro at just over 1.15 and against the US dollar at just a fraction below 1.24. I do hope that my prediction is wrong and that Sterling will, if anything, remain steady at its current levels.

Its now certain that we are going for a hard brexit, what it will mean to our economy one does not fully know. I'm not an advocate of pseudo nationalism but a realist , economy is what matters to the UK, the nonsense spouted by Farage on getting back our country , our NHS windfall etc etc
do not the least impress me, I'm more concerned with our economy and how it will cope being outside the worlds largest trading block. Many contradictory statements appear daily, the fact of the matter is that we are in for a long period of uncertainty and financial markets react negatively to uncertainties.


I was about to comment on that, as I think Tsuk was referring to the broader meaning of what money does to the world

Anyway, there will still be a 325 billion savings for the UK getting out of the EU. That's a huge amount! Comparing UK's population to that of Cyprus that would mean about 5 billion for little Cyprus, enough money to boost the economy.
On the other hand such a deficit is going to really shake the EU's finances as well.
What do you think of that?

Such figures are merely guesswork !
Search and will see varying amounts claimed! Here is one.
"BREXIT BOOST: Britain will gain £24 BILLION per year after EU exit - says new report"
http://www.express.co.uk/news/politics/ ... opean-exit
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Londonrake » Sat Mar 18, 2017 8:49 pm

miltiades wrote:Its now certain that we are going for a hard brexit.......................


Why?
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Sun Mar 19, 2017 7:35 am

Why " certain" or why hard brexit" ?
Hard Brexit will involve leaving the single free trade market, this course of action has already been established, also leaving the customs union .
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Londonrake » Sun Mar 19, 2017 2:44 pm

miltiades wrote:Why " certain" or why hard brexit" ?
Hard Brexit will involve leaving the single free trade market, this course of action has already been established, also leaving the customs union .


Why is it certain that the UK is going for a "Hard Brexit"? So far it all amounts to nothing more than a lot of pre-negotiations huffing 'n' puffing, from both sides. Nobody has even started to sit around a table and talk yet. As always, there are people with unrealistic and extreme views which should be viewed as such.The UK government's clearly stated objective is to negotiate a comprehensive trade agreement.

It would be mutually destructive for there not to be some sort of accommodation on trade and ultimately I am sure an accommodation is what will take place.

Whilst the likes of Junker might rant-and-rave about fire and brimstone he hasn't got to worry about the consequences for his countrymens' livelihoods.

Spain, a country which is in bad trouble economically, exports £17billion per year to the UK. 7.5% of their total.

Holland, £41 billion. 9.5% of total exports are to the UK.

Ireland, £13 billion. 12.7%.

Poland, £10 billion. 6.7%.

France £28 billion. 7.1%

Germany, £80 billion.

The UK is also the fourth most important export market for Portugal, the Czech Republic, Belgium and Sweden.

Let's not talk about the implications for the Italians.

Loss of this market would have a devastating effect on those national economies. It's nothing less than economic, Mutual Assured Destruction. Which is why it won't happen. No matter how much the likes of Fallon and Sturgeon promote the idea of driving off a cliff.

As far as your earlier comments on the EU and UK parliament's authority. It's a moveable feast, depending upon where you look; however, EU regulations automatically apply in all 28 countries and become part of UK law. And boy, does Brussels love regulations. Basically if it ain't regulated in the EU then the attitude is that it either is or should be illegal. :roll:

If you count all EU regulations, EU-related Acts of Parliament, and EU-related Statutory Instruments, about 62% of laws introduced between 1993 and 2014 that apply in the UK, implemented EU obligations. The ECJ also has primacy over UK law. So your idea that Parliament can give two fingers to the EU isn't correct.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Sun Mar 19, 2017 3:27 pm

Which of the numerous SUE regulations adopted by our parliament do you find unacceptable ?
Mate , the geriatrics and labour mostly voters were by enlarge the majority of the Brexit vote.
What I also find rather annoying is the phrase " we have our country back "
We never lost our country in the first place we just joined a European club and we had to abide by the club's rules.
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby tsukoui » Sun Mar 19, 2017 3:37 pm

What I find unacceptable is that we are unable to develop science :x
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby miltiades » Sun Mar 19, 2017 3:51 pm

tsukoui wrote:What I find unacceptable is that we are unable to develop science :x

Is this some kind of a culinary ....dush ? :lol:
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Re: THE DEATH OF THE POUND IS IMMINENT

Postby Londonrake » Sun Mar 19, 2017 3:58 pm

miltiades wrote:Which of the numerous SUE regulations adopted by our parliament do you find unacceptable ?
Mate , the geriatrics and labour mostly voters were by enlarge the majority of the Brexit vote.
What I also find rather annoying is the phrase " we have our country back "
We never lost our country in the first place we just joined a European club and we had to abide by the club's rules.


I find any regulations which come from somebody who's unaccountable to me at the polls unacceptable. And they aren't adopted, they're imposed.

Why does it matter who made up the majority for leaving? It was the largest electoral event in the history of the UK and the vote was to leave. It's been 9 months now though and we're still waiting for somebody to get on with it. Now that (hopefully) every self-important woman with more brass than sense and a bunch of unelected people in ermine - £300 a day "attendance allowance" - (again, unanswerable to voters) have done their best to stop Brexit, in the name of "democracy" that is.

How would you define loosing a country? It doesn't just mean by military invasion, like Cyprus. If your laws and an avalanche of regulation are made up by people who are insulated from the electorates? Not being able to control your borders? Not being able to conclude trade deals? Etc, etc.

If the club rules are made up by people who don't actually represent you but only the advancement of their dogmatic views of how the institution evolves then frankly you're welcome to it.

Yes, as much as it might grate, we are (one day - sometime - whenever) going to get our country back. Those that want to be a council chamber in the United States of Europe (united/EU being an oxymoron of course) are welcome to plough on. If you look though, the Federation is riven with competing national interests and disorder. Germany and France dictating which direction it does or doesn't go in.

That's my view, FWIW.

I'm afraid though that you are probably in for more pain on the OP. Although the currency isn't going to die. That's because there's a lot of money to be made out of Sterling at present.
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