Reply to: Pound falls to lowest level in a year as Brexit sell-off gathers pace

[vetran]

It’s being delivered by DFS in 2030...

FTFY

[AtW]

So you won't be taking your shiny new sofa with you...

It’s owned by DFS unil 2030...

[BlasterBates]

Hard Brexit Euro/Pound rate 1.0
Boris Johnson becomes Prime Minister 1.5
Rees-Mogg appointed Chancellor 2.0
Rees-Mogg lowers taxes and increases spending for the "Brexit dividend" 3.0
Inflation up at 8%, interest rates manipulated down 4.0
Scottish Independence 5.0
Tories kicked out, Corbyn installed as prime minister 10
City banks exit Britain 20
Coummunist State declared 100
Mass unemployment IMF bail out 200
Wales, Northern Ireland and Yorkshire Independence 1000
.....hyperinflation

[sasguru]

The only Ponzi scheme in this equation is the Euro itself. And the real gamble is "could the markets regard it as too big to fail"? Over to the expert...

You have to be extraordinarily stupid to think that in what's coming next year the Euro is at more risk than the Pound.
But then you are, in fact, extraordinarily stupid.

[Mordac]

I can pack my tulip and go in 5 minutes if necessary, can save loads in tax if I move to Germany (nevermind places like Monaco) - that’s freedom of movement, the only freedom you’ve got is to bitch about foreigners who took yer VB6 job

So you won't be taking your shiny new sofa with you...

[Mordac]

I have about 60K in a Uk a/c. Should have converted it earlier. Still I guess I can use it to buy a property when the whole Ponzi scheme comes tumbling down. All it needs is some sort of external shock. Hmmmm, wonder what that might be?

The only Ponzi scheme in this equation is the Euro itself. And the real gamble is "could the markets regard it as too big to fail"? Over to the expert...

[DimPrawn]

I can pack my tulip and go in 5 minutes if necessary, can save loads in tax if I move to Germany (nevermind places like Monaco) - that’s freedom of movement, the only freedom you’ve got is to bitch about foreigners who took yer VB6 job

IF Brexit THEN
GOTO EU
ELSE
STOP Whinging
END IF

[AtW]

I can pack my tulip and go in 5 minutes if necessary, can save loads in tax if I move to Germany (nevermind places like Monaco) - that’s freedom of movement, the only freedom you’ve got is to bitch about foreigners who took yer VB6 job

[DimPrawn]

That should be enough to buy a jacket potato with one cheap filling after Brexit

So all your wealth is going to vanish soon and you will be taxed to death, and you are still living in a flat in Brum.

If you know Britain is about to collapse and we will all be starving in the streets, and you are still here, what does this say about your intelligence?

[AtW]

I have about 60K in a Uk a/c. Should have converted it earlier. Still I guess I can use it to buy a property when the whole Ponzi scheme comes tumbling down. All it needs is some sort of external shock. Hmmmm, wonder what that might be?

That should be enough to buy a jacket potato with one cheap filling after Brexit

[sasguru]

Fiscal means to be able prop something up and political will to do so are completely different things. There will come a time when Herr Fritz will say "Nein".

This tells me you don't really understand modern Germany.
But anyway in practical terms while the Germans use the Euro and have their savings in Euros, it's a safe currency.
They've certainly learned the lesson of the 20s.

[Zigenare]

Split between CHF (mostly) and EUR.
Whatever happens to the EU and I do think in the long run it will split into two tiers, EUR is now essential Germany's currency and the Germany economy is solid enough (for now) to override weakness in the pheriphery.

Fiscal means to be able prop something up and political will to do so are completely different things. There will come a time when Herr Fritz will say "Nein".

[sasguru]

Same, thought too late to hedge. The hedging currency was a tricky one as well, EUR and CHF are out, and USD is also dodgy. JPY? CND? AUD?

Split between CHF (mostly) and EUR.
Whatever happens to the EU and I do think in the long run it will split into two tiers, EUR is now essential Germany's currency and the Germany economy is solid enough (for now) to override weakness in the pheriphery.

[meridian]

I have about 60K in a Uk a/c. Should have converted it earlier. Still I guess I can use it to buy a property when the whole Ponzi scheme comes tumbling down. All it needs is some sort of external shock. Hmmmm, wonder what that might be?

Same, thought too late to hedge. The hedging currency was a tricky one as well, EUR and CHF are out, and USD is also dodgy. JPY? CND? AUD?

[sasguru]

I have about 60K in a Uk a/c. Should have converted it earlier. Still I guess I can use it to buy a property when the whole Ponzi scheme comes tumbling down. All it needs is some sort of external shock. Hmmmm, wonder what that might be?