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[Hijpo]

http://www.youtube.com/watch?v=aC19fEqR5bA#ws

[Wooster]

We're all doomed..

[Hijpo]

always wonderd how the UK got to keep sterling when other countrys were threatend to be thrown out of europe of they didnt convert.

If there is money to be made out of crash then theres an incentive not to help reverse the down turn.

What are you supposed to do?

[Wooster]

That's why they usually stop short selling when there's a big slide in the markets, Bonds are a bit different in that they're usually long term investments so they aren't really a 'get rich quick' scheme.
Thing is as well, chances are you'll also get taxed on any returns you make, so they aren't ideal for anyone who only has a few grand in savings that we might need to lay our hands on. 

..so I think his advice was to the seriously wealthy.

Still, (in the UK at least) your savings are covered up to £85,000 per bank you have savings with if it goes to the wall.

[corroded]

I give my Dad a fair amount of stick, but fair credit to him. He saw this one coming fifteen years ago.

He said you couldn't do a unified inflation and interest rate, as it would damage some economies, but be good for others... lots of the weaker Euro countries are starting to fail now, and that weight is a dead one round the stronger economies.

Glad we stayed well clear of that one.

[keasy]

always wonderd how the UK got to keep sterling when other countrys were threatend to be thrown out of europe of they didnt convert.

Link isn;t working for me so I'll just vomit my chops anyway.

Because it wasn't Europe saying that it was France and Germany hiding behind the Euro zone in the hope of devaluing the British Pound.
The U.K. had nothing to gain and everything to loose by joining, in effect we would allow France and Germany to dictate to us and much as they pretend to be our pals they ain't, they would have been quite happy to suppress our markets for their own growth.

Not being stupid the U.K. knew it was effectively France and Germany and just refused knowing it would cause a third bloody world war should we be ejected  

Or so the story goes I think.

But the recent Greek debacle shows that the Euro isn't quite as Euroversal (I think I've just coined a new term there) as the ordinary blokes like us on the street maybe thought. As aparently if you have Greek registered Euros you're well advised to get rid of them now and to check any Euro serials you recieve incase they are Greek, they are going to be worth half the amount of normal Euros (made up number half but worth a lot less).
Crazy man !


http://www.thisismoney.co.uk/money/article-2008065/Best-try-swap-Greek-euros-German-notes.html

[keasy]

Apparently it's actually devaluing at 60% !!!!   
 

quick googles show lots of fairly reliable sources.

[Wooster]

Bit of a shit system tbh.
It'd make far more sense to just remove an equivalent amount of Euro's from circulation and stop printing Greek ones as they start printing Drachma's again.

[Splinter]

And I always thought a Euro was a Euro. How dumb of me
Like a Dollar having the same value in Texas as in Idaho.
After all, that's the basis on how it was all conceived, surely?

[Wooster]

And I always thought a Euro was a Euro.

It is.

The Greek one suddenly becoming worth less is unlikely to happen.
Something else speculated about is that it could end up with two currencies, the 'hard' Euro and the 'soft' Drachma.

...still, the Germans and the French are still sticking by Greece so far. 

[keasy]

And I always thought a Euro was a Euro.

So did I. And it probably is. That is until I pessimistically  considered there probably is a safety net in there for the economic power houses in the Euro zone that are the real voice within it.

Recent track records prove that even the highest up of so called monetary experts took on bad debt that even they didn't fully understand, resulting in the whole turmoil the global finance system is in.

So chances are, we, or rather (at least) I am willing to believe certain denominational serials aren't on an even pegging.

I'd hate to be a German tax payer right now put it that way.

[Centurion]

Looks like France is going down the same plug hole which will leave Germay holding the bag so to speak.

Enough is enough

[Wooster]

Germany and France are well exposed, if the lot goes we're all fucked.
I think we need a change to address the balance, but the high earners hold most of the cards and won't swing for it.

Someone is holding the money we've all lost, and you can bet your bottom dollar they wont be willing to let go of it...so they'll probably try to start a war with someone...a big one to whittle down the population and drive up industry.
China is too big (and they're probably the 'someone' holding all the money), Russia is skint (and they supply gas to Europe).


..So who's the biggest pariah still knocking around? (Apart from Syria)
Could it be Iran?

Noo, can't be.
It's just too convenient...

[Centurion]

Syria looks more likely but as all are guys are now shit hot in that type of environment then the power that be will start the next war back in Asia