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-   -   £ Could Collapse in Weeks!! (https://britishexpats.com/forum/australia-54/%C3%82%C2%A3-could-collapse-weeks-656785/)

Deancm Mar 1st 2010 11:59 am

Re: £ Could Collapse in Weeks!!
 

Originally Posted by MartinLuther (Post 8385485)
The problem with thinking of money as gold is that there is not enough gold in the world to represent all the money.

And this is the reason why we have the fractional reserve banking system which is an absolute con, designed to keep the country in debt.

slapphead_otool Mar 1st 2010 12:56 pm

Re: £ Could Collapse in Weeks!!
 
I notice BE has lit up like a Christmas tree with threads about the exchange rate.

Any predictions on where it will go to?

bcworld Mar 1st 2010 1:12 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by slapphead_otool (Post 8385752)
Any predictions on where it will go to?

$1.4716

slapphead_otool Mar 1st 2010 1:17 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by bcworld (Post 8385777)
$1.4716

A lot of people wont like that. :(

DeadVim Mar 1st 2010 1:19 pm

Re: £ Could Collapse in Weeks!!
 
$1.20 currently buys one Freddo Frog.

bcworld Mar 1st 2010 1:27 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by DeadVim (Post 8385786)
$1.20 currently buys one Freddo Frog.

Madness - especially if Wispa Gold can be had for $0.92.

slapphead_otool Mar 1st 2010 1:34 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by DeadVim (Post 8385786)
$1.20 currently buys one Freddo Frog.

I remember when you could get a 3 course dinner, a trip on the Titanic, go to the music hall AND get an all night strumpet for the price of a Freddo.

That’s inflation for you.

DeadVim Mar 1st 2010 1:47 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by bcworld (Post 8385797)
Madness - especially if Wispa Gold can be had for $0.92.


Originally Posted by slapphead_otool (Post 8385804)
I remember when you could get a 3 course dinner, a trip on the Titanic, go to the music hall AND get an all night strumpet for the price of a Freddo.

That’s inflation for you.

Don't get me started on the price of Carmamello Koalas either.

This country is going to the dogs, which one shall I try next?

spartacus Mar 1st 2010 1:48 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by DeadVim (Post 8385786)
$1.20 currently buys one Freddo Frog.

A pound is currently worth less than a Cherry Ripe . . . WTF has the world come to . . .

slapphead_otool Mar 1st 2010 1:51 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by DeadVim (Post 8385825)
Don't get me started on the price of Carmamello Koalas either.

This country is going to the dogs, which one shall I try next?

No sympathy mate.

You knew the dangers. I tell kids, I say – don’t touch the Carmamello Koalas. The Freddos, it’s ok, everyone does Freddos.

But if you are into the Carmamello Koalas it’s a slippery slide downhill. :(

spartacus Mar 1st 2010 1:53 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by slapphead_otool (Post 8385839)
No sympathy mate.

You knew the dangers. I tell kids, I say – don’t touch the Carmamello Koalas. The Freddos, it’s ok, everyone does Freddos.

But if you are into the Carmamello Koalas it’s a slippery slide downhill. :(

. . . as opposed to uphill?

Hino Mar 1st 2010 1:54 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by slapphead_otool (Post 8385752)
I notice BE has lit up like a Christmas tree with threads about the exchange rate.

Any predictions on where it will go to?

Down !

At the moment I don't believe that there is a floor to the pound. Everyone seems to be selling it short, and the present government, such as it is. Can't bring in the austerity measures needed to rectify their past errors, without guaranteeing that they will lose the next election.

What are Brown's choices ???

Devaluation and a great photo opportunity at his "The Pound in your pocket speech" ?

Wait until the Pound sinks to parity with the Euro, and then seek the 'security' of the Euro zone ?

Increase interest rates to 5% + to reflect the risk that the world money markets already see in holding GBP and therefore ensure the collapse of the housing market ?

Pour himself a large scotch, and pick up the revolver with one round that was left on his desk after the last cabinet meeting ? :)

slapphead_otool Mar 1st 2010 2:02 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by Hino (Post 8385848)
Down !

At the moment I don't believe that there is a floor to the pound. Everyone seems to be selling it short, and the present government, such as it is. Can't bring in the austerity measures needed to rectify their past errors, without guaranteeing that they will lose the next election.

What are Brown's choices ???

Devaluation and a great photo opportunity at his "The Pound in your pocket speech" ?

Wait until the Pound sinks to parity with the Euro, and then seek the 'security' of the Euro zone ?

Increase interest rates to 5% + to reflect the risk that the world money markets already see in holding GBP and therefore ensure the collapse of the housing market ?

Pour himself a large scotch, and pick up the revolver with one round that was left on his desk after the last cabinet meeting ? :)

The parity with the Euro and a jump in that direction is probably the most likely.

I cant see any better scenario right now. He could sell it as “EuroBonding in times of turmoil”, and make it sound half reasonable. The Frogs and Krauts would accept it as the UK would then have to help bail out the PIGS .

The public will be grasping at straws and would accept merging with the Mumbuto Peaso if it meant they could afford to buy dinner that night.

slapphead_otool Mar 1st 2010 2:09 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by spartacus (Post 8385844)
. . . as opposed to uphill?

If you are mainlining Cherry Ripes it may seem uphill, but really its down.

That’s a part of the lure.

spartacus Mar 1st 2010 2:15 pm

Re: £ Could Collapse in Weeks!!
 

Originally Posted by slapphead_otool (Post 8385868)
If you are mainlining Cherry Ripes it may seem uphill, but really its down.

That’s a part of the lure.

Hang those damn confectionists!


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