Saving the Pound

[omnipleasant]

You would be worse off "on the social".

Unless you're into fraud to make up the difference, anyone living on benefits is miserably worse off that anyone with a job. You would just about survive though - that's the beauty of the safety net benefits system.

What light, easy book are you reading? The Q'uak'oran?

[peakman]

Jan 14, 2009 23:38:05 GMT feral said:

They should never have knocked down the Berlin wall

Whatever feral. My point was, as Germany is a signed up member to the E.U. (with it's own constitution) and as accepted the euro as it's currency, how can it consider altering it's own constitution etc etc,unless it was considering leaving both the E.U. and or the euro.

[peakman]

Sorry feral, should have quoted "justmyopinion" # 12

[feral]

What light, easy book are you reading? The Q'uak'oran?

LOL.Yep .So I can have lots of highly informed discussions with Cobbs .

Actually ,I dunno what book I've just started reading -I hardly notice the titles .I picked up an extremely cheap job lot of 85 books on eBay a bit back -thrillers mostly and mostly not very good thrillers by authors I've never heard of ,but theyre ok for bed time reading.

Peakman -there's absolutely no talk of Germany leaving the EU or the EURO .I dont see the connection at all myself .The fact that theyre planning on changing the constitution doesnt seem to have been taken quite so dramatically here as you're taking it.
On the whole ,the German public is taking things quite calmly so far .They read the newspapers ,watch the news and turn a bit more careful on spending .However, the level of personal debt is far lower in Germany than in the UK for example ( credit cards have never been widely popular )and so this fear of perhaps losing everything is not quite so great .

[peakman]

Jan 15, 2009 10:51:11 GMT feral said:

What light, easy book are you reading? The Q'uak'oran?

LOL.Yep .So I can have lots of highly informed discussions with Cobbs .

Actually ,I dunno what book I've just started reading -I hardly notice the titles .I picked up an extremely cheap job lot of 85 books on eBay a bit back -thrillers mostly and mostly not very good thrillers by authors I've never heard of ,but theyre ok for bed time reading.

Peakman -there's absolutely no talk of Germany leaving the EU or the EURO .I dont see the connection at all myself .The fact that theyre planning on changing the constitution doesnt seem to have been taken quite so dramatically here as you're taking it.
On the whole ,the German public is taking things quite calmly so far .They read the newspapers ,watch the news and turn a bit more careful on spending .However, the level of personal debt is far lower in Germany than in the UK for example ( credit cards have never been widely popular )and so this fear of perhaps losing everything is not quite so great .

Hi
I have no daubt you are absolutly right feral. I picked this up from the E.U's own bulliten, I posted the link. But I still can not square the reported comments with the concept of the E.U. which, as far as I understand it, is that soverengnties have to be forfited in order to form a "United Europe", central bank and all that. Therefore for Angela Merkel to say what she is reported to have said, does not, as I say square with the proposed E.U. constitution. I am asking, why leak such a comment? Unless one is looking at options.

[feral]

I dont see how what she said doesnt square with the EU constitution.The EU has relaxed the amount of public deficit a country can have and merkel has just more or less said, fine but we dont want to have quite so much .I would think it would be more of a problem if she was saying nope ..germany wants more .
It may be a united europe and all that but it's made up of seperate countries and first and foremost countries will try and look out for themselves and then worry about the rest

[feral]

I dont quite know what you mean by the comment being leaked either .It wasnt exactly leaked -she made a bloody long public speech.This is all meant to bolster german confidence and get everyone spending again .I doubt it will lol ..the germans definitely aint a particularly naive folk and most know that Merkel has to do something and that whatver it is it will be too much and not enough all at once.We're getting tax cuts soon and every single person views them warily -cos they suspect ( and I'm bloody sure rightly ) they'll be revoked at some point and we'll all end up paying even more than before

[peakman]

Jan 15, 2009 11:27:43 GMT feral said:

I dont see how what she said doesnt square with the EU constitution.The EU has relaxed the amount of public deficit a country can have and merkel has just more or less said, fine but we dont want to have quite so much .I would think it would be more of a problem if she was saying nope ..germany wants more .
It may be a united europe and all that but it's made up of seperate countries and first and foremost countries will try and look out for themselves and then worry about the rest

It may be a united europe and all that but it's made up of seperate countries and first and foremost countries will try and look out for themselves and then worry about the rest. My point exactly, not what Jean Monnet had in mind whatsoever.

[peakman]

Jan 15, 2009 0:53:06 GMT @omnipleasant said:

Eh? The pound falling in value against the Euro or Yen won't affect me in the slightest unless I want to go shopping in Paris or Tokyo.

Is that what you think?

[peakman]

Luv your enigmatic posts Yord. As far as I can see, I seem to agree with you. Is there any light to be seen at what could be the end of this particular tunnel? I see what is happening as, yes, a crisis, but as with all crisis's, also a time to take stock, preferably as to how this crisis came about, and then to act upon what we have learned. Or am I being both naive and or too optimistic?

[yord]

"You would be worse off "on the social".

Unless you're into fraud to make up the difference, anyone living on benefits is miserably worse off that anyone with a job."

Of course your into fraud and no you wont be worse off at all, its you gits that are working to pay for the gits on social that will be worse off.

[yord]

mY posts arnt enigmatic at all. Alll you have state is how the feck you see this supposed recovery taking place in a country that has feck all backing its currency , imports far in excess of exports, has a population that has been led to believe every last thing is going to be handed to them on a plate while those that have fooled them into thinking this is possible have robbed them blind, employers that cant employ because of crippling taxation and bearocracy and are leaving the country because of this faster than rats from a sinking ship

[yord]

Recovery ? In your dreams

[cheyenne]

I hear that you pay the equivalent of £6 for a glass of coke at Eurodisney these days.

Don't think I'll be visiting any country that has the euro, for my holiday this year.

[peakman]

Jan 15, 2009 12:59:24 GMT yord said:

mY posts arnt enigmatic at all. Alll you have state is how the feck you see this supposed recovery taking place in a country that has feck all backing its currency , imports far in excess of exports, has a population that has been led to believe every last thing is going to be handed to them on a plate while those that have fooled them into thinking this is possible have robbed them blind, employers that cant employ because of crippling taxation and bearocracy and are leaving the country because of this faster than rats from a sinking ship

I take that as an then.

[yord]

I think it wouild be sensible to lol

[omnipleasant]

"Is that what you think?"

Yep.

The falling pound doesn't affect me in the slightest, apart from helping to make the recession a bit less bad. It might mean problems with inflation when the recovery starts, but that's for another day.

[yord]

"The falling pound doesn't affect me in the slightest,"

Then it will probably come as a great to suprize to you that other mortals that need to buy food will be affected, As your so good with statistics you might care to find the percentage of imported foods compaired to UK produced.Considering the fact that you cant state what the pound has backing it in realation to no gold reserves and non exsistant exports compaired to quantities imported, can you say how these are supposed imports are to be paid for ? Can you explain how an importer is to pay for importing our food with a falling pound without needing to raise the price ? Or do you think ah ha but every countries currency is falling so it'll be OK ? Well heres the shocker, no it aint, and other countries such as the mentioned Germany still have a manufacturing capability in place and others have the miraculous abilty to produce food. The UK has neither as you will shortly find out when your waiting for change from a fiver after buying a loaf of bread.

[peakman]

Yord, you mention Germany, well yes what you (and feral) say is correct. However Germany having ditched the Deutschmark now has to live with the euro and by association, all the less than productive, other members of the E.U. Yes it looks increasingly likely that Sterling will continue to devalue against the euro but will the euro which is by definition a European "blanket currency" and as such, has to be "all things to all men" sort of, hold it all together. Or will Germany which is the euros main support, decide to look after No:1 and revert to their ex currency on the grounds, "better the devil you know" or in this case "knew". After all Germany has been down the path of devaluating currency before.
However this would not help the pound, as I suspect you were about to tell me but it could make the Deutschmark Europe's No:1 currency.

[yord]

In the context to which Im referring , other countries have the capability of coming out of this " recession" ( recession my arse ) In the case of Germany , they still have manufacturing capabilities.The UK does not. In order for an economy to recover , it needs the means to do so , not only does the UK not have the means , there is also sweet feck all proping up its currency.Its OK to say.... yes well we will all have to take a cut in wages etc etc , however that time has long passed now, other countries, especialy the far east are already set up, already working for what wouldnt buy you a packet of fags here, and have the supporting infrastructure already in place.Now considering we cant even build a feckin runway in less than 15 years , just how long do you suppose it would take to get this set up ? And , by the way the pound is going , how long do you suppose to set this up while the prices of the imports the UK needs ( needs, as in really can not do without ) explode through the roof ?