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-   -   GBP crisis...yawn (https://britishexpats.com/forum/new-zealand-83/gbp-crisis-yawn-658599/)

teeym Mar 10th 2010 10:25 am

Re: GBP crisis...yawn
 
After reading all previous threads on experiences and general luck with money, I feel this boils down to one of two potential outcomes:

1) Genesis decides to wait and not exchange money
The rate continues to plummet until you get 8 grains of rice to the £. The bottom will then proceed to fall out of the world rice market.

2) Genesis decides to take the plunge
America will discover that the strength of the $NZ is linked to Osama Bin Laden's hiding ability and will devote all available resources to crushing the Kiwi buck into obscurity. Simultaneously scientists at CERN will discover that a stable black hole to an alternative dimension made entirely of gold and diamonds can only be created by firing particles of british beef into each other in the large hadron collider, thus guaranteeing the economic stability of the UK for all time and propelling Sterling to a record exchange rate ratio of 1,000,000:1 against the septic-battered $NZ.

From this we can deduce that the election has nothing to do with anything and the best option to take is 1), right up to the point when I want to transfer me readies when a complete change of tack to 2) would be ideal.

Discuss.......

shelloid Mar 10th 2010 11:09 am

Re: GBP crisis...yawn
 
yeah, I was gonna wait until Genesis had changed their money AND THEN exchange mine when the exchange rate is suddenly and miraculously much better ;)

simonsi Mar 10th 2010 12:04 pm

Re: GBP crisis...yawn
 
LOL!!! :D

Which saying should we consign to history first?:

a) "Doing nothing is always a safe option"

or

b) "Safe as houses"

Dewb09 Mar 10th 2010 2:23 pm

Re: GBP crisis...yawn
 

Originally Posted by shelloid (Post 8409547)
yeah, I was gonna wait until Genesis had changed their money AND THEN exchange mine when the exchange rate is suddenly and miraculously much better ;)

Ha ha me too :thumbsup: come on Genesis when you thinking of exchanging ;)

Dewb

whitesand Mar 10th 2010 3:51 pm

Re: GBP crisis...yawn
 
Genesis, if the pound had a total collapse then if would be reflected elsewhere too, and that may be the least of the problems which would follow. NZ would not be immune to a crisis elsewhere in the world. The NZ dollar will get weaker, that's my feeling and it would be crazy to 'take a hit' as you say. As the dollar stands now, who is going to bring money in NZ? Therefore, who can afford to keep the housing market going? These things will eventually be reflected in the housing market, which is vastly over-priced here in NZ. Also, think what this expensive dollar is doing for those selling goods overseas.
It cannot go on like this. Something has to give. See beyond the present, and remember things always change, and when they do, it can come quickly.

Genesis Mar 10th 2010 5:14 pm

Re: GBP crisis...yawn
 

Originally Posted by whitesand (Post 8410136)
Genesis, if the pound had a total collapse then if would be reflected elsewhere too, and that may be the least of the problems which would follow. NZ would not be immune to a crisis elsewhere in the world. The NZ dollar will get weaker, that's my feeling and it would be crazy to 'take a hit' as you say. As the dollar stands now, who is going to bring money in NZ? Therefore, who can afford to keep the housing market going? These things will eventually be reflected in the housing market, which is vastly over-priced here in NZ. Also, think what this expensive dollar is doing for those selling goods overseas.
It cannot go on like this. Something has to give. See beyond the present, and remember things always change, and when they do, it can come quickly.

Sorry guys but for now the lady (Kate) ain't for u turns. I could persuade her (because she loves and trusts me:eek:) but I am such a coward I do not want to be responsible for another fiscal nightmare in our home when the kiwi devalues a week later after we do the business. Sorry you will have to rely on some other 'reverse trend indicator'..or 'gormless twat' would be more appropriate.

simonsi Mar 10th 2010 5:18 pm

Re: GBP crisis...yawn
 
How about we just start an internet rumour that Genesis is about to exchange, would that be enough to move the global currency market :eek:

Genesis Mar 10th 2010 6:54 pm

Re: GBP crisis...yawn
 

Originally Posted by simonsi (Post 8410381)
How about we just start an internet rumour that Genesis is about to exchange, would that be enough to move the global currency market :eek:

That should do it.

Headlines read 'Gormless tosser losses squillions in botched exchange deal....sterling rallies'.

Genesis Mar 10th 2010 6:58 pm

Re: GBP crisis...yawn
 

Originally Posted by Genesis (Post 8410590)
That should do it.

Headlines read 'Gormless tosser losses squillions in botched exchange deal....sterling rallies'.

On the subject of lots of money..or losing lots of it (my forte) anyone ever seen a trillion? Google 'trillion' and one of the hits shows you what a trillion look like on pallets. Now remember when you see it these are stacked in USD $100s..not 20s or 10s. It really is quite a vast expanse of wonga.

Will take your mind off the plunging quid for a moment or two and make you realise JUST HOW MUCH MONEY Mr Brown has pissed up the wall.

Jan n Neil Mar 10th 2010 7:28 pm

Re: GBP crisis...yawn
 
So if i am reading the above posts correctly, I should put my money into British beef before this Hadron fella buys it all :thumbup:

I think i will start with 2lb of mince

Neil

simonsi Mar 10th 2010 7:45 pm

Re: GBP crisis...yawn
 

Originally Posted by Genesis (Post 8410590)
Headlines read 'Gormless tosser losses squillions in botched exchange deal....sterling rallies'.

They used that headline when Brown sold our gold reserves... or should have, except for the rallying bit :(

Genesis Mar 10th 2010 8:50 pm

Re: GBP crisis...yawn
 

Originally Posted by Jan n Neil (Post 8410660)
So if i am reading the above posts correctly, I should put my money into British beef before this Hadron fella buys it all :thumbup:

I think i will start with 2lb of mince

Neil

And what of Welsh lamb..does that not have some part of this equation?



NB I think the emphasis is on cuts of meat rather than minced meat.

Genesis Mar 10th 2010 8:52 pm

Re: GBP crisis...yawn
 

Originally Posted by Genesis (Post 8410837)
And what of Welsh lamb..does that not have some part of this equation?



NB I think the emphasis is on cuts of meat rather than minced meat.

News flash 0952hrs NZ time today. Sterling hits $2.1295 against the kiwi $. Mass frenzy of selling GBPs starts.

AndyR Mar 10th 2010 9:14 pm

Re: GBP crisis...yawn
 

Originally Posted by Genesis (Post 8410841)
News flash 0952hrs NZ time today. Sterling hits $2.1295 against the kiwi $. Mass frenzy of selling GBPs starts.

GOD DAM IT!!

Brought my house in the UK when prices were at there highest (no choice there).

Sold it before moving to Oz when prices were coming down 4 years later (broke even, no profit made).

Because of Oz move, just missed the peak of the GBP/AUD exchange rate so ended up getting 2.06 rate which sucked! Left some in the UK for when we were settled.

Oz visa rules changes so couldn't stay so came to NZ. Moved my AUD to NZD at 2.2 I think? :(

Now in NZ waiting to move over the remains of our GBP and its doing this with the crap exchange rate. I'm effing sick of all this exchange rate crap! ARGH!!! You save and save and save and then it all goes down to toilet just because you happen to get the chance to emgirate at the wrong time exchange rate wise!

So fed up. Hate Money!

Persephone Mar 10th 2010 9:21 pm

Re: GBP crisis...yawn
 

Originally Posted by Genesis (Post 8410595)
On the subject of lots of money..or losing lots of it (my forte) anyone ever seen a trillion? Google 'trillion' and one of the hits shows you what a trillion look like on pallets. Now remember when you see it these are stacked in USD $100s..not 20s or 10s. It really is quite a vast expanse of wonga.

Will take your mind off the plunging quid for a moment or two and make you realise JUST HOW MUCH MONEY Mr Brown has pissed up the wall.

I just had to do it, yep that's a lot of cash:rofl:
One Trillion dollars

Right, off out to buy 10 British cows and tell everyone who will listen that Genesis is about to sell, I will be set up for life:thumbup:


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