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The Brexit Thread (LOCKED)
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 Stirlingsays  15 Jul 17 5.17pm |
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Originally posted by steeleye20
When you are seen as risky not sure what is to happen the world downgrades its view of you and the currency is worth less in this case sterling. So the euro-vote has led to a more or less permanent devaluation of sterling. The UK is like a gambler chasing his losses. If it doesn't work kick it into the long grass some generation can pay for it some time in the future not us. A weaker pound isn't some kind of terrible thing for the country. It's not my 'dick' is bigger than your 'dick'. The pound is stronger than the Euro. One pounds currently gets you 1.14 Euros. This only matters in terms of the economic result and nothing else. You essentially continue to make non points. What you talk of is how you'd like things to be rather than how they are. Edited by Stirlingsays (15 Jul 2017 5.19pm)
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| nickgusset Shizzlehurst 15 Jul 17 5.20pm |
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Originally posted by Stirlingsays
A weaker pound isn't some kind of terrible thing for the country. It's not my 'dick' is bigger than your 'dick'. The pound is stronger than the Euro. One pounds currently gets you 1.14 Euros. This only matters in terms of the economic result and nothing else. You essentially continue to make non points. What you talk of is how you'd like things to be rather than how they are. Edited by Stirlingsays (15 Jul 2017 5.19pm) What was the quid worth against the euro when at its peak?
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| hedgehog50 Croydon 15 Jul 17 5.23pm |
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Originally posted by europalace
Not sure how old you are but this outdated talk of 'the Germans' tends to come from the older generations in the UK, over 60s. Total paranoia. I lived in Germany for several years and couldn't have had a nicer time with the nicest of people. No one there ever brought up the topic of 'the war' as we see so often and boringly in the UK. Everyone there just got on with their lives and were mostly very positive about the EU and its future. The most aggressive and arrogant country in Europe is the UK and many of my European friends from various countries often asked why the British were so pushy and aggressive and why they couldn't relax and get on with their neighbours. Maybe the fantastic quality of life in Germany and many other European countries helps their citizens live a much more fulfilled and less jealous life. Edited by europalace (15 Jul 2017 5.01pm) Are you Basil Fawlty mentioning the war? I didn't, but I do find it amusing that you feel the Germans don't have arrogance and aggression in their make up given their history. I was referring to the Germans having the strongest economy in the Euro zone and pulling the strings while the likes of Spain and Greece flounder without the means of being able to do anything about as they could if they were independent economies.
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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| Stirlingsays 15 Jul 17 5.25pm |
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Originally posted by nickgusset
What was the quid worth against the euro when at its peak? I don't know...it was higher. We have devalued considerably since the crash of 2008. We have been able to unlike most of Europe which has to essentially track the 'Mark'....oh sorry, the 'Euro'. The Euro is essentially set at the rate that is best for the German and to a lesser extent French economies.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| hedgehog50 Croydon 15 Jul 17 5.25pm |
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Originally posted by steeleye20
When you are seen as risky not sure what is to happen the world downgrades its view of you and the currency is worth less in this case sterling. So the euro-vote has led to a more or less permanent devaluation of sterling. The UK is like a gambler chasing his losses. If it doesn't work kick it into the long grass some generation can pay for it some time in the future not us. It's more like a gambler leaving a crooked casino.
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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| steeleye20 Croydon 15 Jul 17 5.30pm |
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Originally posted by nickgusset
What was the quid worth against the euro when at its peak? After 'paying off our deficit' when its actually increasing every month he is now telling us that the pound has not been devalued after the euro-vote.
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| matt_himself Matataland 15 Jul 17 5.34pm |
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Originally posted by europalace
Not surprised at all. He stoops to childish name calling when he can't answer or simply loses the debate as is the case here.
How have I 'lost the debate' here? I have proven that your economic knowledge is one dimensional and based on your opinion of how the world should work.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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europalace  Europe 15 Jul 17 5.37pm |
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Originally posted by matt_himself
How have I 'lost the debate' here? I have proven that your economic knowledge is one dimensional and based on your opinion of how the world should work. Yes, you're right. Carry on thinking that. I must go now, have an appointment of a friend's super yacht for dinner.
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| Stirlingsays 15 Jul 17 5.37pm |
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Originally posted by steeleye20
After 'paying off our deficit' when its actually increasing every month he is now telling us that the pound has not been devalued after the euro-vote. ? Don't you actually read?
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| nickgusset Shizzlehurst 15 Jul 17 5.39pm |
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Originally posted by Stirlingsays
I don't know...it was higher. We have devalued considerably since the crash of 2008. We have been able to unlike most of Europe which has to essentially track the 'Mark'....oh sorry, the 'Euro'. The Euro is essentially set at the rate that is best for the German and to a lesser extent French economies.
Forgive me for not taking your word for it , and forgive my ignorance, but what is the assertion in the last sentence based on?
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| nickgusset Shizzlehurst 15 Jul 17 5.41pm |
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Originally posted by glazedallover
Sterling was at a high against the euro @ around 1.67 in may 2000 soon after the euro's launch. It's essentially been in decline ever since then, with the odd rebound from time to time. Can we assume then that the Euro has strengthened over the pound.
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| steeleye20 Croydon 15 Jul 17 5.45pm |
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The euro is safe but unspectacular and most importantly, stable.
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| Stirlingsays 15 Jul 17 5.45pm |
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Originally posted by hedgehog50
Are you Basil Fawlty mentioning the war? I didn't, but I do find it amusing that you feel the Germans don't have arrogance and aggression in their make up given their history. I was referring to the Germans having the strongest economy in the Euro zone and pulling the strings while the likes of Spain and Greece flounder without the means of being able to do anything about as they could if they were independent economies. Yep, apparently if we criticise how the EU economy works and and is run in Germany's favour we are somehow obsessed with the war and over sixty. There are plenty of things to admire about Germany....and plenty of things not to admire about it....Its government isn't one I admire nor how it has shaped the EU. Plenty of EU leave voters weren't always anti EU. This movement is against federalism and free movement....not against close relationships and cooperation within Europe.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| Stirlingsays 15 Jul 17 5.50pm |
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Originally posted by steeleye20
The euro is safe but unspectacular and most importantly, stable. That's because it's the Mark. Germany runs the Euro and Germany is an excellent economy....One that was built upon austerity and productivity growth.....though the Germany economy is also one that is partly built upon treating its weaker EU partners unjustly and keeping them poor and buying German on their credit. It's a caricature but there's enough truth in there to type it up. Edited by Stirlingsays (15 Jul 2017 5.51pm)
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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glazedallover  Allier 15 Jul 17 5.53pm |
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Originally posted by nickgusset
Can we assume then that the Euro has strengthened over the pound. The pound has wekened against most currencies over the last decades. I can remember $/£ @ 1.05 back in 1985. It was over 2 when i first started in the business in 76. Its malaise has been long term and nothing to do with brexit
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| glazedallover Allier 15 Jul 17 5.54pm |
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Originally posted by steeleye20
The euro is safe but unspectacular and most importantly, stable. It's none of those things.
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| steeleye20 Croydon 15 Jul 17 5.59pm |
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What would restore sterling to its pre euro-vote status? Call them up PM and tell them we are staying in the EU. See where the £ goes then......up up and up.
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| matt_himself Matataland 15 Jul 17 6.13pm |
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Originally posted by europalace
Yes, you're right. Carry on thinking that. I must go now, have an appointment of a friend's super yacht for dinner. More of the same from you. A hackneyed, sarcastic position you have brought on by your inability to be able to defend the crap you post. Give up and face reality. Malta does act like a tax haven and you should read up on how QE works.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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| matt_himself Matataland 15 Jul 17 6.15pm |
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Originally posted by steeleye20
What would restore sterling to its pre euro-vote status? Call them up PM and tell them we are staying in the EU. See where the £ goes then......up up and up. Tell me, why do we want the £ to be strong? What is the economic advantages and how does a strong £ benefit the country as a whole?
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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