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Old Jan 27th 2014, 12:02 pm   #76
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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Originally Posted by paulry View Post
But in Reading?! It would have to be for a lot of money. Reading's a dump
Reading is a dump, but surrounded by some very nice areas. Easy access to London too.

Great festival too
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Old Jan 27th 2014, 12:21 pm   #77
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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Reading is a dump, but surrounded by some very nice areas. Easy access to London too.

Great festival too
Can't disagree with you there and if all else fails there's always Mandy's
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Old Feb 4th 2014, 5:36 am   #78
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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$1.91...rising fast!
$1.83...falling fast!
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Old Feb 4th 2014, 5:41 am   #79
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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$1.83...falling fast!
http://www.abc.net.au/news/2014-02-0...d-lows/5237734

The RBA have said they don't intend to cut interest rates any further, which is dumb, but somewhat expected. That's on top of the pound getting bad data.
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Old Feb 4th 2014, 6:45 am   #80
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

up 2 pence this week. wooo hoooo. transfers have commenced
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Old Feb 4th 2014, 9:50 am   #81
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Meanwhile, the real elephant in the room won't go away:

http://www.telegraph.co.uk/finance/e...warns-Lew.html

USD17.3t and rising

The problem for the US is that they have a socialist president that refuses to do anything about it and has his head buried in the sand
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Old Feb 4th 2014, 10:25 am   #82
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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Meanwhile, the real elephant in the room won't go away:

http://www.telegraph.co.uk/finance/e...warns-Lew.html

USD17.3t and rising

The problem for the US is that they have a socialist president that refuses to do anything about it and has his head buried in the sand
...... and where's the UK debt these days? And rest of Europe for that matter?
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Old Feb 4th 2014, 10:27 am   #83
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Obama is a "socialist", lol.
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Old Feb 4th 2014, 10:39 am   #84
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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Obama is a "socialist", lol.
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Old Feb 4th 2014, 12:29 pm   #85
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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...... and where's the UK debt these days?
GBP1200 billion and rising

The non-conservatives (aka champagne socialists) won't make the hard choices
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Old Feb 4th 2014, 12:42 pm   #86
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

I only saw the good news from UK stating construction at 6.5 year high. Dollar or Interest rates here will need to fall as unemployment bites. BRIC economies full of holes and that's not even including crackpot economies like Argentina and Turkey.
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Old Feb 4th 2014, 5:17 pm   #87
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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GBP1200 billion and rising

The non-conservatives (aka champagne socialists) won't make the hard choices

Have you watched this?

http://youtu.be/UdyQd6Xks7A
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Old Feb 4th 2014, 10:20 pm   #88
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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Have you watched this?

http://youtu.be/UdyQd6Xks7A
I don't believe this video. Sorry

Just someone trying to flog a magazine through fear mongering
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Old Feb 4th 2014, 10:35 pm   #89
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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I don't believe this video. Sorry

Just someone trying to flog a magazine through fear mongering
+1.
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Old Feb 4th 2014, 11:16 pm   #90
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

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Originally Posted by Molly Coddle View Post
Have you watched this?

http://youtu.be/UdyQd6Xks7A
It's both correct, and wrong.

It's correct in that the financial system is broken in a number of different ways. But that kind of misses the point. The financial system, money, isn't real. It's only a system that redistributes work, effort, time within society - do you think looking after pensioners is more important than someone being able to afford a mansion, etc. If you take it too seriously is when things go wrong - you have to keep in mind that it, and in particular fiat money, aren't real, and just mechanisms.

Now, it's pretty likely that the financial system will fail at some point, in some way. In fact you can probably make a case that it's already failed. But that's not the question, since it's only a mechanism. The real question is can you reconstitute things in a different way that enables people to have a reasonable life WITHOUT the failed bits.

And that's down to politics, intelligence, and if democracy is real.

----------------------------
BTW Be very careful of any article, programme or politician that makes appeals to household budgeting in connection with national finances - it's cr*p and they are trying to lie to you.
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