Pound Plunging Means Europhiles Rejoice
This chart makes europhiles moist with excitement...
A lot of eurosceptics have a nightmare scenario in which the plunging pound reaches parity with euro. At this point, they believe, swapping pounds for euros would be easier for the political class to sell to fundamentally eurosceptical British voters. It is no big deal the europhiles will claim, "prices will remain unchanged".
A lot of eurosceptics have a nightmare scenario in which the plunging pound reaches parity with euro. At this point, they believe, swapping pounds for euros would be easier for the political class to sell to fundamentally eurosceptical British voters. It is no big deal the europhiles will claim, "prices will remain unchanged".The pound has now plunged to an all-time low against the euro, it bought €1.50 last year and now buys €1.25. At this rate of decline sterling could easily hit parity before the next general election. So a by-product of UK inflation getting out of control, growth faltering and house prices slumping could be joining the European Monetary Union and anchoring our economy to the Bundesbank. You have been warned...
Talking of warnings, only on Saturday Gordon was pontificating that the IMF needed to become "an early warning system", well yesterday the IMF warned UK house prices could fall 10% this year. Got that Gordon?
77 comments:
there are only two years left to an election that will see labour wiped out as a political entity. Cameron will then distance us from the cancer that is the EU.
the pound WILL touch parity with the Euro but that is solely down to the incompetent economic policy of gormless, gurning Gordon. possibly the most useless sack of shit ever to hold office in the uk
Correction: IMF says UK house prices will fall 10% in 2008. They forecast a 30% fall in prices over the coming years.
So much for "no more boom and bust".
House prices aren't crashing in France and Germany. Public finances are fine in Holland and Ireland.
It's only Gordon Brown and George Bush who are being rumbled as reckless.
The pound is not the problem. Gordon is.
I get paid in euros, so I am pretty happy on a personal level. And I have to admit that the euro is well managed, since Trichet normally tells the politicians to fuck off when they tell him to lower rates. But the pound's level reflects international opinion on the management of the British economy, and getting hitched to the euro would be as stupid as attaching ourselves to the ERM was in 1990-92.
The only solution is to throw the bums out. But we're lumbered with him for two more years.
Time to switch off the lights.
Someone mentioned Alice Miles earlier.
This from her article:
'The wobby Russian doll at No 10'
"How to stop the wobble, when it goes all the way up to the commander-in-chief?"
The snotgobbler is C in C, that's news to me, what a thick idiot.
The real news behind all this was a soaring pound and out of control House price inflation caused by Brown's incompetent handling of the economy. What we see now are market forces restoring the status quo.
Anonymous Eurotwat:
I bet you are happy getting paid a fortune for making everyone poorer while dispensing stupid law by diktat and proclamation.
Cunt.
Word ver eusmeg, well almost
Hyper-inflationary depression. The end game is being enacted.
as we do not make much now we cannot export our way out of trouble and the oil starts running out in the next year or two puting it politely,we are heading straight for the poor house..selling piles of bricks to each other on highly leveraged borrowing was alwas going to go tits up at some stage.still if the economy collapses those living in grace and favour homes that we have paid for wont give a monkeys'.
As for the iron chancellor with a history nvq he NEVER learns does he?
On his live interview (monday)he implied that we(er sorry i mean the bank of england) will reduce rates......
FMOB!!!
So the whole world of fx traders shout sell at the same time.....
this man is a delusional tit with no understanding of how markets work.which is quite funny when he keeps banging on about open and free markets......or perhaps he meant romford market ?
Seems to me the sooner the UK realises we are just a small backward struggling bankrupt country in the EU the better. Joining the euro looks better and better all the time with the current lot in power
Sterling went down the toilet when Gordo mentioned interest rate cuts in a speech yesterday, the markets reacted immediately.
Credit crunch and all round losses have the markets twitchy, responding to anything and sterling is fundamentally weak against Euro.
So brain box Gordo, the financial whizz has struck again......DOH.
Parity is a dream that Europhiles have long since dismissed as their instant panacea to remove the last vestiges of resistance in the UK.
They know that our distrust of Europe goes so deep that they would face concerted civil unrest -who knows, maybe even an indigenous version of the IRA, if they ever try to steal any more from us & give the country away to the anti democratic international socialists that infest the European Union.
I am ready to go into "the shadows" for Her Majesty & England if this "Euro-creep" continues.
I guess I have just broken the Anti Terror Laws - fuck 'em, come & get me.
I remind everyone of the previous "big idea" political offerings from Europe:
National Socialism
Fascism
Communism
Socialism
The EU is more dangerous to these British Isles than all 4 of them put together & we must resist at all costs, by any means necessary.
Over my cold, dead, rotting corpse will Britain join the Euro and surrender our ability to govern our own monetary policy to the EU.
It's bad enough having 80% of our laws coming from the despicable, corrupt, undemocratic, soviet-esq plutocracy that is the EU, but that would be the final curtain for Britain in joining the Euro.
The day that occurs I am going to Australia House to claim asylum
BOFL
please look at the bedroom of your chum "Dave smith"
http://youtube.com/watch?v=wuHuF8rLYlk&feature=related
Gordon's problem will be that even the chavs and pikies go abroad these days on holiday and will realise we've been shafted when we reach parity.Bye bye,Gordon.
bofl: would that the UK were run as well as Romford Market - Tory MP, Tory Council, place is doing fine, ta.
Does Alistair Darling buy his glasses from Erich Honneker?
http://news.bbc.co.uk/1/hi/business/7338056.stm
He looks like a Stasi goon, and almost as untrustworthy.
BEAST!!!!!!!YOU HAVE MADE MY DAY!!
oh my gawd......do the rspca know about this bloke?if he kept a dog in there they would be round like a shot......
he told me he didnt need economics lessons from me.......
perhaps a visit from the 'how clean is your house ' mob might be more appropriate.....
BOFL says FMOB!
p.s.are there any smileys i can put here?
I think you're all mistaken. As Gordon has reiterated countless times, we are well positioned in the Eurozone to weather the storm caused by the American situation and Global Credit Crunch (low inflation, managed public debt, blah, blah, bloody, blah). He speaks the truth doesn't he? God! I've heard this drivel so many times, it seems I've memorised it.
A slight aside but how about a petition on the Downing Street website asking for Callaghan Mark II to resign since he has no mandate, is useless, etc? Any takers?
dougal.......not knocking romford or any other street market.....hard work and out in all weathers.......i had a saturday job there,a long time ago...
There's a serious point in Guidos analysis. You can just the pro Europeans offering us the same certainty as was promised with the ERM, That is we are fucked and europe is better so we'd better join. The Tories will be forced to oppose this policy which zanulabour will try to exploit by forcing another split in Tory ranks. The sliding value plays right into Gordons hands politically vis a vis the Tories.
Could pegging Sterling to the Euro be done without the need for a referendum?
I don't see a conspiracy, just incompetence. But could adopting the Euro in all but name be a way out Gord grasps with both hands?
Anonymous at 11.45 said "Joining the euro looks better and better all the time with the current lot in power"
So explain the difference then between the corrupt, incompetent cunts in Westminster and Shitehall, and the corrupt, incompetent cunts in Brussels?
MARKETS.
On reflection Brown should get a saturday job in a street market.He then might possibly get to understand how the real economy works(he might even benefit from having to do a days graft instead of sitting around reading marxist books).
The concept is quite easy to grasp for most people.(admittedly the base material namely brown,is below par).
if you dont make a profit you go bust!!!!usually with nobody to bail you out......
i would start him on a voluntary trial but wouldnt let him near the TILL!
does anyone know if they sell guillotines in romford?
Seems to me the sooner the UK realises we are just a small backward struggling bankrupt country in the EU the better.
So we hitch ourselves to a large struggling backward tyranny and all will be well.
Joining the euro looks better and better all the time with the current lot in power
So would we leave the Euro once this lot of snot slobbering incompetent twats pass on?
The current situtation we are in has nothing to do with belonging or not to the Euro. However, if we were stuck in the Eurozone, after our Thicko Scottish Raj screwed up the economy, we would not have the benefit of a falling currency to help us out.
We would be like Italy, cursed to slow growth forever.
Gordon Goebbels here, everything is fine, house prices to rise by 80% this year, low inflation, i'm not gay. Or a fucking retarded snot gobbling cunt!
I can remember whe the Pound was on Parity with the US Dollar- no one suggested we become a Dollar currency.
The whole idea of floating currencies is that currencies go up and down depending on domestic and international factors. The Zim Dollar has plummented (even by Weimar standards) because of the domestic policies of Mugabe and his thugs.
I can also remember when one's Balance of Payments was significant and triggered off news headlines so that it is said the purchase of one Jumbo Jet by BA cost Labour the 970 election. I still think the Balance of Payments is important- the fact the the news media now supresses it makes me think it is even more so
I think that Gordon brown was terrific at PMQ's today.
He pummeled Cameron over his poor grasp of the real economic situation.
The Tory Toff leader was weak and ineffective and failed to land a single blow.
Brown has really got a grip now, and is more than a match for him.
Clegg was just insipid. A total waste of a question.
Make no mistake, Labours fortunes are on the rise.
You just know something is wrong when the Socialist Worker praises Mrs Thatcher and condemns the Labour PM's handling of the economy. Strange times we live in.
bofl said...
"does anyone know if they sell guillotines in romford?"
Yes, guv. What colour would you like. Got a nice Brown one here. You'll have to be quick though, selling like hot cakes!
Ah! But... The Pound in your pocket... Heard that somewhere before?
What's this nonsense about Labour losing the next election? They will easily have enough postal votes and votes of gratitude from the unaudited millions they have let spill into the country in the past decade to walk it.
Is there any truth in the rumour that Gordon has applied for the next season of The Apprentice?
I wouldn't give the euro a true value of more than 45 pence. it is a subsidised soft currency.
sterling although performing badly is nonetheless a hard currency.
it is rather like when russia was offering an exchange rate if £1 for 1 rouble, an utterly meaningless rate of exchange.
brown, sweaty balls, the millispastics and the rest of the new labour traitors are well aware that if we chuck their eu constitution in the bin then the euro will tumble to its true value.
as I said that is 45 pence, top whack.
we cannot afford to subsidise the euro and the dollar. charity should begin at home. helping other economies must come second and whilst we have people dying from the consequences of poverty in this country subsidising other countries currencies is a perverse policy.
but we all know gordon is a perverse man.
Freezing all our pensions/houses etc. assets at the lowest point in the cycle would be as mad as selling Britain's gold at the lowest point...surely no-one could be that stupid?
What, they did that already?
Oh.
Gordon beasted cameron at pmq's. You tories, i pity you!
the comedic possibilities of mcsnot working on a market stall has tickled me....
imagine a fish stall////
gb.that'll be £5 for your cod dear(oops hope harmon didnt hear that)
old lady customer:
but you said £4 a minute ago
gb.....ah but then we have to protect the nhs....
ol.......the nhs?
gb. yes.the NO HADDOCK in the SEA,
you see,(eat your heart out sondheim) ITS NOT MY FAULT but the EU have told us how much fish we can have und unter (sic)direktive12849048484984899892 wir mussen go along with it..
ol.....oh thats alright then love
gb oh i forgot to tell you that i will have to take 90p of your change to pay for fishing nets in aberdeen......
and i cant actually give you a plastic bag to take your fish home in.......
would you like some garfish?
it's green.my favouite colour....
old lady.....give me my money back- im going to lidl....
salt of the earth east london stall owner-
fuck off brown -you're fired!
the janitor-
A Brown guillotine would be just fine......
Guido: Off topic slightly:
I have just been over to BOFL's site and he puts the 'Trials an Tribulations' of this, corrupt, mendacious Government, almost as succinctly as you.
Keep up the good work Guido, you are a credit to this fine Country and I salute you !
Call me cynical but-
The New World Order's aims are to bring about a single world government, a single currency, a single market etc.
How do they bring it about?
Who they gonna call?
SNOTBUSTER!
We're all bleating about how inept he is, but it's all going very well for the NWO so far. In a couple of years he's kicked out, gets a nice eurojob and the obligatory $5million book deal.
And the NWO sits back and says
RESULT!
Chaucer Quango
You set it up beautifully, but neglected to include an incisive & devastating punchline.
Maybe you should have just signed it from your current address - surely one of those ghastly Victorian nut houses where sad, deranged, delusional cranks like you usually reside?
Don't forget your medication - remember the last time you forgot to take it you voted Labour.
"I think that Gordon brown was terrific at PMQ's today.
blah, blah"
What fucking PMQs. Wanker.
Gordo's gone and upset the BOE now.
"But analysts said the comments would probably not be well received at the central bank."
Brown’s heavy hint to Bank on interest
Chaucer Quango
I hate to be the one to break it to you sunshine, but there was NO pmq's today as they are on a two week break.
Are labourites that detached from the real world that they don't even know when pmq's is on, then take the time and effort to write a glowing report of their glorious leaders performance and how " Labours fortunes are on the rise " as a result of such a grandstand perormance as they assume because it is a Wdnesday it must have been on.
Never underestimate the predictability of stupidity
Go back to the cave or up old snot gobblers backside where you must live and take those red tinted spectacles off at the same time while you're there
Harold Wilson, 1967: "The pound in your pocket is still worth one pound".
Gordon Brown 2008: "We have a fundamentally strong economy to weather the economic storm" (as the pound devalues as if by magic against other currencies without ever calling it a devaluation).
Seems the left never learn from their mistakes. Except these days, as an earlier poster mentioned, the plebs have enough to go to Spain, and can see just how much they are being shafted.
Someday the mainstream press will actually start calling this a deliberate devaluation without Gordon actually admitting as such.
If Gordon Brown DOES decide to join the Euro he will do it at EXACTLY the wrong moment, so will wreck the British economy even more than he has.
If Gordon Brown DOES decide to join the Euro he will do it at EXACTLY the wrong moment, so will wreck the British economy even more than he has.
I do hear that the UK pound is actually doing real well with the Zimbabwe currency.
Anonymous 12.19:
"So explain the difference then between the corrupt, incompetent cunts in Westminster and Shitehall, and the corrupt, incompetent cunts in Brussels?"
Think you've just answered you own question there.
Serf:
"So we hitch ourselves to a large struggling backward tyranny and all will be well."
Well it is hotter on the continent, the booze is cheaper, public transport kinda works at a reasonable price and the cost of a mortgage is less. Can't see how it could possibly be any worse!
Ah, you Rosbifs, ah knew you would come round to my way of t'inkin'. But ah am concerned; nous at Defarge Industries can supply votre city needs at short notice but votre rural communities may 'ave a short wait.
So, in an espirit de corps de ballet de mort, we 'ave located a FREE manual des lamp posts. For all your fine talk, you 'ave very little practice wiz dis tings. You 'ave decapitated one king and one Scottish Queen (so far), but votre dictateur died in 'is bed, 'is own bed, and your King 'Enri Huit managed more zan zat on 'is own.
We await only your command, as we say at Defarge Industries, to get on wiz it chop chop.
Anonymous said... (1:00 pm)
What's this nonsense about Labour losing the next election? They will easily have enough postal votes and votes of gratitude from the unaudited millions they have let spill into the country in the past decade to walk it.
Agreed. And if he does lose, the Chinese security forces will keep order while the "recount" goes ahead.
But he is committed to a referendum on the EURO in or out!!!
guillotines ? mais oui monsieur, on a beaucoup- pas a Romford exactement mais dans un lock-up pres de Chingford. Elles sont un peu rusty bien sur parce que les chinois ont demi-inched tout le grade A steel mais pour les low-life comme M Brun, tant pis!
To repeat something I posted a while ago - yeah things are a bit shit but where aren't they? America, which is properly fucked and is in recession already? The Eurozone which has much higher unemployment (of people who want to work unlike the UK where most of the unemployed don't particularly fancy a job) and no control of monetary policy? Australia where they are being fried of the face of the earth and the population is more unhappy than 10 years ago? Ireland which is fucked in so many ways and you can barely get around the infstructure is so bad?
I mean where the hell is this utopia you're all comparing the UK with? Yeah the Government is a bit rubbish but managing things differently hasn't helped anyone else avoid the same economic symptons - that might suggest the route problem in the current situation is systemic - the banking system might just have something to do with it, eh? And can the economically illerate and historically ignorant amongst you stop pretending this is the worst thing to happen in the history of the world. Grow up.
Chaucer Quango said...
I think that Gordon brown was terrific at PMQ's today.
He pummeled Cameron over his poor grasp of the real economic situation.
The Tory Toff leader was weak and ineffective and failed to land a single blow.
Brown has really got a grip now, and is more than a match for him.
Clegg was just insipid. A total waste of a question.
Make no mistake, Labours fortunes are on the rise.
You stupid troll, there were no PMQs today,Pparliament is in recess
I see Gordon/Carter 2.0 is hiring some real high-claibre interns
chaucer quango @12.48 - has no one told you that the House is in recess for this week and next, you poor deluded chap - what planet are you on?
So it is all going to plan then for the globalists. No wonder our little teflon wonder is getting all these "good jobs".
O/T: Jonah visits the Emirates and POUF!! - Gunners out of the Champs League. Those emaining do try to keep him at least 500 miles from your grounds.
"House prices aren't crashing in France and Germany."
That is because they didn't boom in the first place.
Anonymous said...
"Over my cold, dead, rotting corpse will Britain join the Euro .."
I'm sure it can be arranged.
bofl said...
"i had a saturday job there,a long time ago..."
I've been on benefits ever since.
Anon 1.24 pm .... "What fucking PMQs. Wanker."
Joke.
> But he is committed to a >referendum on the EURO in or >out!!!
Yes but they could just name it to the "NewRouble" and take us in
saying that "The Euro concept has been abandoned" so no need for a referendum.
please sign petition regarding Brown and his IMF warning nonsense:
http://petitions.pm.gov.uk/IMF-warnings/
More details from petition creator:
In light of the PM's statement of April 2008 that the International Monetary Fund (IMF) needed complete re-structuring so it could act as an "early warning system" for the international economy, we should like the PM to explain what action was taken by himself and HMG upon receiving previous warnings from the IMF.
For example..
Dec 2003 IMF gives Brown borrowing warning
Sep 2005 IMF report Warning over £1 trillion mountain of debt
Dec 2005 IMF report IMF fires new warning over Britain's finances
Sep 2006 IMF report IMF warns over UK property crash
April 2007 IMF report Private equity collapse on cards, says IMF
October 2007 IMF report UK house market is 'heading for crash'
April 2008 IMF report IMF: UK vulnerable to US-style housing slump
"Pound plunging means europhiliacs rejoice"
I bet the Italians or the Spanish wish the lira and pesata could move as freely as the £ sterling.
Wouldn't it be typical of fuckwit Brown?
Sells gold at the bottom of the market.
Puts half the british public sector off balance sheet using ppp aka Enron.
Promotes low interest rates and massively inflates the UK housing market.
Then join the Euro just as it is going to distruct!
Sorry Chaps....
its just that dad got me a job for the easter hols at Mark Flanagan's Web and media outfit.
Silly me. i got my posting schedule wrong.
Today was Boris is incompetent.
The PMQ's post is supposed to go out on April 23rd at 12.17pm CC to Iain Dale, Dizzy , Capitalists@Work, Norfolk Blogger, Coffee House etc
D'Oh.. But it is my first day! I'm sure i'll get the hang of it soon.
Lets see ... Tomorrow is ..
BOGEYMAN and 45Govt are cretins and couldn't see an economic miracle if it swam up their arses..
the bit thats missing is why the euro rouble has strengthend , because of its exports! . so who is europe exporting to that we are not ???
dont forget labour have changed the economy from a manufacturing economy to a services economy , thereby leaving us wide open to the problems we are beset with (you could argue thatcher cleared the rot but nu labour have done the right sort of ecnomic build for stability.
NO NO and NO again to europe tyranny , we have been asset stripped to get us to think its our only future and it isnt, true things may not be as easy as with high borrowing model , but rather have that than mandelson softly speaking his 5 year ecnomic plan for his voters .
just ask this question why would you deny a referendum if the case was obvious.
redwoods done a good article on gordon and alistairs failiure to stop the bust and hints at how they created it .
anon 12 pm,
have a look at trotsky; as he took both moscow & st petersburg rapidly and with few casualties.
ANON 3:17
just because others have made up mess of things doesnt mean we have to join in....
ANON 4:16
i have 20 children with 8 different women ,2 of whom are lesbians,3 are illegals from africa
and we live in a mansion.All wives plus 3 girlfriends claim for sick and child benefit for the kids we have and some that we just made up.....
why do some people on here make such childish statements ?
You know nothing about me.....own up to your true identity and we can lay our cards on the table.
maybe you can impress m with your rapier like wit?
Broon to bust
To bofl @ 5.35 - How on earth is it that when you click on bofl on this post MY blogger dashboard comes up (45govt) - not so with your earlier posts. Weird, huh??
D'Oh.. But it is my first day! I'm sure i'll get the hang of it soon.
You could just fuck off and die instead. We're not interested in your sub-literate ravings.
"How on earth is it that when you click on bofl on this post MY blogger dashboard comes up"
'bofl' is a new form of blog pestilence that has been infesting this site lately.
anon..11.12
thanks very much....
nice to know that you have such interesting and observational talent to inject here.....come and enlighten me on my own page..dont be shy.....
************************
45GOVT >>sorry i dont have a clue...fairly new to internet blogging .fun though isnt it?
At least some of the provincial press try telling it like it is.
Western Morning News
"11:00 - 07 April 2008
It is difficult to disentangle the strategy and tactics which seem to have emanated from post-war Germany and were so well described by Rudi Dutschke in the 1960s as "The Long March Through The Institutions".
The "Long March" (a phrase borrowed from Chairman Mao) through English institutions has undoubtedly severely damaged... this country"
"Taken over half a century, this penetration of education, the churches and the Civil Service has created a pandemic of traitorous governance where many of those we have elected, whether Conservative, Labour or Liberal Democrat, have conspired to destroy England and its union with Scotland, Northern Ireland and Wales."
"They have managed this by turning a well-meant attempt to stop German ambitions to rule Europe (twice foiled at terrible loss of our nation's best manpower and all its wealth) by permitting traitorous Parliaments to insert our nation, as a minor voting cog, into a corrupt neo-Soviet-style centralised entity of 27 different nations called the European Union."
http://www.thisiswesternmorningnews.co.uk/index.jsp
search site >> " covert conspiracy "
The EU is more dangerous to these British Isles than all 4 of them put together & we must resist at all costs, by any means necessary.
12:00 PM, April 09, 2008
Bit late aren't you ? The horse has bolted, believed to have been seen in Lisbon.
Wolverines!
Alice Miles! I really would, you know, and she wouldn't have to ask nicely!!
The mortgage and credit crunch is why all this is happening. Value of the US dollar has fallen and now the GBP will follow.
http://www.simplyfinance.co.uk/articles/Mortgage/Mortgage_and_Credit_Crunches.html
http://www.simplyfinance.co.uk
Post a Comment