Originally posted by Robinho
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Is outsourcing the cause of RBS debacle?
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Originally posted by Robinho View PostAgain, because you cannot spend Pound Sterling abroad we are not "giving our money away" we are weakening the pound (which simply boosts exports).Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by Sysman View PostYou can spend the Pound Sterling abroad. It has long been a tradition of immigrants from third world countries to send money back home.
I remember the fun we had waiting for exchange rate spikes to IBAN our cash home.Comment
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Originally posted by Sysman View PostYou can spend the Pound Sterling abroad. It has long been a tradition of immigrants from third world countries to send money back home.Comment
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Originally posted by Robinho View PostMoney doesn't leak, it weakens the pound, which boosts exports.Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by Sysman View PostA weak pound pushes up the prices of importing raw materials too.Comment
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Ah gawd, don't confuse him with Balance of Payments ; he's already struggling with economics more modern than the mid 1800's.
For the "typically buy from the UK"
What exports do foreign nationals typically buy from the UK from overseas?
Its much more likely their money will go to Germany, Japan, China, USA etc - as they manufacture things that people want.
I've just seen the post above, I call troll :PComment
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I hope I'm not - I have a degree in Economics (*cough* 15 years ago)
Damn you got me, I already forgot about "It reduces the cost to add value though." as an answer to imports cost more.Last edited by Scoobos; 6 August 2012, 15:57.Comment
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