Originally posted by scooterscot
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Worthless pound
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How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - Aesop -
Originally posted by suityou01 View PostGlobal currency being the next step (around 8-10 years is my prediction.
Originally posted by suityou01 View Post
2) Unless you are working for Wall St or Goldmans you cannot know what is going to happen. The markets are all manipulated.Comment
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Originally posted by suityou01 View PostWould you care to voice your opinions on why I got a for my comments on a global currency?
I am bookmarking this post for when it happens so I can GIRUY.
HTH
Firstly the Euro took 30 years to create, starting with the drip-drip-drip of the political case in the late sixties early seventies. As far as I know, no-one is seriously proposing a global currency yet, and so 8 years is wildly optimistic.
Secondly, whether you like the Euro or not, the Euro has hardly been an unqualified success. At the moment it is not a good advert for common currencies, which is stymying the political case.
Thirdly, the Euro suffers because the disparate economies in the Eurozone pull interest rates and exchange rates in different directions, to the detriment of all. But if you think they are disparate, imagine trying to compromise between the Euro, the sweatshop Yuan and Rupee countries, US Dollar, the Zim Dollar, Pound Stirling, the Argentine Peso, Yen, the Russian Rouble, Swedish Krone, the Brazilian whatever, etc etc. They and the economies behind them are desperately disparate.
Fourthly, the Euro is administered and managed by the EU and effectively supported by Germany. Who would do that job for a global currency?
Fifthly, why? If a country has a crap government that results in a crap economy, whose job is it to sort it out? If you support that crap economy, by extension you end up supporting that crap government, and there is no motivation for improvement. It is a dumbing down of the whole, prizes-for-all mentality.Comment
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<cracks knuckles> Right, let's get started shall we?
Originally posted by Doggy Styles View PostAs far as I know, no-one is seriously proposing a global currency yet, and so 8 years is wildly optimistic.
Originally posted by Doggy Styles View PostSecondly, whether you like the Euro or not, the Euro has hardly been an unqualified success. At the moment it is not a good advert for common currencies, which is stymying the political case.
Originally posted by Doggy Styles View PostThirdly, the Euro suffers because the disparate economies in the Eurozone pull interest rates and exchange rates in different directions, to the detriment of all. But if you think they are disparate, imagine trying to compromise between the Euro, the sweatshop Yuan and Rupee countries, US Dollar, the Zim Dollar, Pound Stirling, the Argentine Peso, Yen, the Russian Rouble, Swedish Krone, the Brazilian whatever, etc etc. They and the economies behind them are desperately disparate.
Originally posted by Doggy Styles View PostFourthly, the Euro is administered and managed by the EU and effectively supported by Germany. Who would do that job for a global currency?
Originally posted by Doggy Styles View PostFifthly, why? If a country has a crap government that results in a crap economy, whose job is it to sort it out? If you support that crap economy, by extension you end up supporting that crap government, and there is no motivation for improvement. It is a dumbing down of the whole, prizes-for-all mentality.
Right, that about covers it. Flame awayKnock first as I might be balancing my chakras.Comment
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No, I've answered why I don't believe it. You believe what you like, it's a pointless argument. It simply won't happen.Comment
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Originally posted by Doggy Styles View PostNo, I've answered why I don't believe it. You believe what you like, it's a pointless argument. It simply won't happen.
We need a "bottom lip out" smiley
Edit :Last edited by suityou01; 7 October 2010, 15:10.Knock first as I might be balancing my chakras.Comment
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Originally posted by Doggy Styles View PostNo, I've answered why I don't believe it. You believe what you like, it's a pointless argument. It simply won't happen.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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