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The Pound takes a hammering ..... again!

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Re: The Pound takes a hammering ..... again!

Postby Robin Hood » Fri Oct 07, 2016 1:21 pm

miltiades wrote:Robin, since Brexit , my loses have reached more than 100, 000 euros. Should I be rejoicing or cursing the geriatric little Englanders!!
More loses will follow, much more in fact .


The realistic approach ......... first, think!

Germany is teetering on a the edge of a debt collapse, France is in deep economic trouble, Spain/Italy/Portugal/Greece are all in trouble with debt including Cyprus. The World Bank, The Bank of International Settlement and now the IMF are beginning to show concern over mounting debt and are sweating. They know the system has to change but they are going to keep quiet, whilst they look for a way out that will protect them ..... not you and me.

What can they do? 'Print' more money? The ECB has been pumping billions into the European system with their QE for a couple of years but are now finding it difficult to find assets to buy up. I see this as a warning of worse to come.

Optimism .........

The Brits saw the iceberg in the gloom, realized that it would impact and decided to get out whilst the sea was still reasonably calm and the iceberg barely visible through the sea mist (and mirrors) that is the banking and financial system.

All the rest of the passengers hanging over the hand rail jeering and accusing the Brits of being stupid ..... are completely unaware of the approaching iceberg. They believed the Owner and the Captain that the ship was unsinkable, ..... but they are lying! When the crunch comes, which I am convinced is not too far off, they will all be screaming to us to see if there is any more room on our lifeboat.

At this point the Euro and maybe the USD will start to tumble ...... we in the UK will be in our Brexit lifeboat with time to batten down the hatches and weather the storm. That's optimism! :wink: :) :roll:
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Re: The Pound takes a hammering ..... again!

Postby miltiades » Fri Oct 07, 2016 2:24 pm

Robin, you must be out of pocket quite a bit,
What does your economist friend make of this disaster ? Sterling now under 1.11 euros and around 1.23 us dollars.
Surely mate it does not take a genius to understand that the referendum result has been, thus far, a bloody disaster for Sterling.

Soon, those geriatrics and little Englanders will wake up and see the aftermath of their decision to come out of Europe.
Frankly, I just feel sick!
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Re: The Pound takes a hammering ..... again!

Postby Maximus » Fri Oct 07, 2016 2:30 pm

Robin Hood wrote:
Maximus wrote:GBP flash crash. from $1.27 to $1.19 in like one day.....

And that is where Paphitis would have lost his shirt and underwear to the "house wife" traders by buying it. :lol:


............. and it's all down to these parasitic currency traders (speculators) tripping algorithms that determine the exchange rates. It later recovered.

So Paphitis would have kept his shirt .......... but certainly had to change is underpants! :roll: :lol: :lol:


Phwoor, what a stink! :lol:

I hope Paphitis learnt his lesson and does not bet against a central bank again. :roll:
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Re: The Pound takes a hammering ..... again!

Postby Robin Hood » Fri Oct 07, 2016 3:11 pm

miltiades wrote:Robin, you must be out of pocket quite a bit,
What does your economist friend make of this disaster ? Sterling now under 1.11 euros and around 1.23 us dollars.
Surely mate it does not take a genius to understand that the referendum result has been, thus far, a bloody disaster for Sterling.

Soon, those geriatrics and little Englanders will wake up and see the aftermath of their decision to come out of Europe.
Frankly, I just feel sick!


But I really am an optimist! Yes, it has hurt me but I am sure it has hit others just as badly if not worse.

I look at it this way ..... I am not rich but then I am not poor. I don't live from one payday to the next, as I try to live within my income. I have no debt, I am never hungry or thirsty and I have a roof over my head that is cool in summer and warm in winter. I do not have children to support, just a wife and a small dog and am quite happy with life in Cyprus ..... I (WE) can cope.

However, I look at what is going on around the world and can say that .... at least no one is dropping bombs on me or trying to kill me in some other way and I do not live in a police state. So,it could be a lot worse ...... but I believe it will soon get a lot better when the great fear of Merkel and Hollande kicks in as the Euro and the EU crumbles and falls apart when National interests replace the Federal dream, it is every man for himself and more countries chuck in the towel.

Just take it as it comes and play 'verbal' games on here ...... I mean, as if WE can change anything! :wink: :)
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Re: The Pound takes a hammering ..... again!

Postby GreekIslandGirl » Fri Oct 07, 2016 4:10 pm

Londonrake wrote:
GreekIslandGirl wrote:
Londonrake wrote:
GreekIslandGirl wrote:
It's OK if you don't like it. Join the many with their heads buried in the sand. Maybe you can assess the fracking potential ...



See what I mean?


No, you are meaningless........

https://www.theguardian.com/environment ... tervention

'He’s rewriting the rules': locals furious at minister's fracking intervention
Campaigners in Lancashire say Sajid Javid’s decision to overrule council is an affront to local democracy.


The fascist Cons have overruled the people.


I really entered "the fray" in here to follow the discussion and possibly post upon the Brexit situation - notably in this thread wrt Sterling. That was the OP, yes?

It would seem though that you wish to talk about Zero hour contracts, the British Army, immigration, apparently the Nationalsozialismus coup which has happened in Westminster, without my noticing and ....................... fracking? We are talking about Earth here - yes? Not planet Zorg, orbiting Antares Minor?

My I respectfully suggest that if you feel so strongly about this raft of complaints - you raise appropriate threads accordingly? :roll:


I can't help you if you are the sort of person who cannot make connections.
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Re: The Pound takes a hammering ..... again!

Postby Londonrake » Fri Oct 07, 2016 5:46 pm

Thank you. I will just have to try to get by unassisted then. :lol:

BTW and FWIW. I don't think your case is helped by the use of gutter language. You don't really need to use it. :(
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Re: The Pound takes a hammering ..... again!

Postby miltiades » Fri Oct 07, 2016 5:56 pm

Londonrake wrote:Thank you. I will just have to try to get by unassisted then. :lol:

BTW and FWIW. I don't think your case is helped by the use of gutter language. You don't really need to use it. :(

What the ...fuck is FWIW ? Gutter language perhaps :lol: :lol:
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Re: The Pound takes a hammering ..... again!

Postby Robin Hood » Fri Oct 07, 2016 6:37 pm

Milti:

You have such a way with words ......... did you ever think of becoming an Orthodox Priest? :roll: :wink: :lol: :lol: :lol:
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Re: The Pound takes a hammering ..... again!

Postby miltiades » Fri Oct 07, 2016 6:54 pm

Robin Hood wrote:Milti:

You have such a way with words ......... did you ever think of becoming an Orthodox Priest? :roll: :wink: :lol: :lol: :lol:

Well Robin, since I'm in the process of preparing my permanent return to Paradise Island, and having lost a considerable amount of ....wine purchasing power, I may just consider becoming a ....preacher :lol: :lol: I hear the pay is rather generous !!
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Re: The Pound takes a hammering ..... again!

Postby Schnauzer » Fri Oct 07, 2016 6:56 pm

Paphitis wrote:
Schnauzer wrote:
GreekIslandGirl wrote:Every day, more and more iron bars go up. Brits are trapped in and "others" are trapped out.

Meanwhile slave labour continues to rise as the biggest form of employment (1 Million and rising are the modish ZERO hour contracts, yeah) leaving the average household beholden to borrowing from banks (yipee) to survive or scrounging from (ever increasing) food banks to sustain their families (tralala).

Never mind - British soldiers can now kill at will and will be exempt from 'human rights" dilemmas (wowee) and get off Scott free whatever they do abroad (phew!).

And finally, if you're a foreign student expecting to pay good money for some much-touted British education - Theresa May says FUCK OFF FOREIGNER!

Poor, poor Brits! Will no one come to save them from the fascist regime ....


Absolutely 'On the button' !.

Anjem Choudary is doing five years for expressing precisely the same sentiments as you have highlighted.

Admittedly He added a few other choice observations which He declares necessary to clean up the place a bit BUT, all in all, it's possible that the man is also 'On the button' in one or two places.

Actually, I fancy the chap is a lot better off in the 'Nick' than most of the poor bastards that have to get out to work for a living. :wink:


The world doesn't owe you a living. You either got to work for living or use your brain.

if you don't want to work, then you got to think laterally and create something for yourself, but no one is going to give it to you.

This is the case in every country.

if you want a commie Flat, and work in the State Fields for a bowl of rice and an apple, then "north korea" is for you old chap and GreekIslandGirl!


I am personally in the fortunate position that enables me to exclude myself from the drudgery of 'Going out to do a day's work' or some such, however, being mindful of the circumstances of those less fortunate than myself (which is a CONSTANT in my case) there is rather a good case for focusing on the working conditions that NOW are the lot of so many that ARE obliged to hire themselves to labour.

'Employment Agencies' have become a seriously lucrative business for those who seek to enrich themselves at the expense of the common working person, the 'Government of the UK' consider the operation of such 'Agencies' as an asset since, the 'Worker' is helplessly bound to all the control (and exploitation) foisted upon them by such 'Agencies' whilst the 'Government' can lay claim to the fact that there are an abundance of jobs available for those willing to work AND, by massaging the figures, triumphantly proclaim that 'Unemployment' is at an all time low.

Nonsense of course, the 'Truth' is, the average worker ('Agency Employed') is nothing more than a 'Slave' (in real terms) and are obliged to even wear the names of their 'Slave-masters' emblazoned on the back of their 'High Viz' waistcoats having been informed that the object of such apparel is to preserve their safety in the work-place, more nonsense of course, the 'Truth' is that nobody really gives a damn for the safety of the slaves BUT, in the event of any mishaps at work, the 'Insurance Companies' will undoubtedly find some excuse to blame the 'Slave' for such.

Have a chat (as I have) to those poor 'Slaves' that venture forth to work on their 'Zero Hours Contracts' and let me know if you manage to find a 'Happy' one, they even have to phone in (in some cases) on a daily basis to check if there is work available to them.

On a lighter note....'Poetic Justice' perhaps ?, my information is based upon a lengthy conversation I recently had with a young chap who is struggling to make ends meet whilst hoping to secure a 'Permanent Position' in the warehouse where He is temporarily employed, it is hardly likely that He will succeed since the 'Agency' has a clause in their agreement which means that the 'Company' which engages the services of the 'Agency', must effectively 'BUY' the worker if it wishes to offer Him/Her a secure position.

Now for the 'Poetic Justice' (aforementioned) the owner of the 'Agency' (in question) is a full 'Bone in the Nose' African and he is master to a consignment of well over 100 'Slaves' (mostly White) and of various nationalities.

Anjem Choudary was perfectly correct when he made His comment about the 'Slavery' of the working folk of the UK (and elsewhere?), He did not offer His opinion lightly, it was a considered verdict on His observations BUT, He was howled down and vilified for it (well, He would be wouldn't He ?) which leaves one to wonder, does the expression "What goes around, comes around" have any significance in the future prospects for the youngsters of the UK (and elsewhere ?) perhaps it was not such a good idea to abolish 'Slavery' in the days when the 'Empire' was at it's strongest and had it's boot placed firmly on the throats of those subjected to it's tyranny. :wink:
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