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16-11-2019, 11:22 PM
101

Re: 11th November

Originally Posted by Bread ->
The euro is a disaster.

There is no reason whatsoever for a common currency if you have stable economies
Absolutely.

How on earth did we manage before the Euro was conceived?

For that matter, how did we manage before the EEC became the EU?

The answers to both are the same: we managed perfectly well.
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16-11-2019, 11:30 PM
102

Re: 11th November

Originally Posted by JBR ->
Absolutely.

How on earth did we manage before the Euro was conceived?

For that matter, how did we manage before the EEC became the EU?

The answers to both are the same: we managed perfectly well.
If everybody calls you the sick man of europe, you do not manage at all.
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16-11-2019, 11:33 PM
103

Re: 11th November

Originally Posted by Bread ->
The euro is a disaster.

There is no reason whatsoever for a common currency if you have stable economies
The federal states of america chose one currency. What is good for america is good for europe. Even the federation of states called united kingdom has a single currency. So there must be a rationale behind the principle?
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16-11-2019, 11:42 PM
104

Re: 11th November

Originally Posted by Bread ->
The euro is a disaster.

There is no reason whatsoever for a common currency if you have stable economies
Eventually currencies will become obsolete for developed economies with the move to purely electronic payments based on some form of bitcoin type tech.

FX dealing is hugely lucrative. Create one currency and that artificial wealth source disappears and certainty for business goes up.
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17-11-2019, 12:52 AM
105

Re: 11th November

Originally Posted by AnnieS ->
I'm just realistic. If we leave with or without a deal we end up with BRINO.


Nonsense. By walking away we absolutely remove ourselves from control by the EU and ECJ. Out of the Customs Union and Single Market.

With BRINO we effectively stay in the EU in all but name and on far worse terms than we have now.
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17-11-2019, 01:00 AM
106

Re: 11th November

Originally Posted by Solasch ->
The federal states of america chose one currency. What is good for america is good for europe. Even the federation of states called united kingdom has a single currency. So there must be a rationale behind the principle?

Control a country's finance and you control the country regardless of laws.

The USA has a long history of war and confrontation concerning who gets to print the banknotes. When the government have that ability, all is well and the country prospers because inflation and related matters are managed for the good of the people. When the banksters have the ability to print the notes it all changes. They charge interest for the money they print and greed and profiteering mean they can hold a country to ransom. The USA crippling debt could be eradicated reasonably quickly if they just abolished the Fed Reserve and took back control of the money printing. But the politicians won't do it. The senate could do it. But don't.


The same nonsense will happen in the EU. Once they get a single currency all the way across the money printers will control everything.

Those who maintain their own currencies generally prosper because the currency is managed for the good of the people.

The EU is already engaged in Quantative Easing to try and cope with its failing economy. It will eventually collapse of course and it will be the little people that suffer when it does.

Look what happened to Greece. A bankrupted country but the banksters and financiers were bailed out by the EU and the little people left to swing in the wind.

We should never ever go into the Euro.
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17-11-2019, 10:40 AM
107

Re: 11th November

Originally Posted by Solasch ->
The federal states of america chose one currency. What is good for america is good for europe. Even the federation of states called united kingdom has a single currency. So there must be a rationale behind the principle?

The EU doesn't have a centralised treasury or a centralised taxation policy. It's a complete disaster. Other unions sorted this out hundreds of years ago - ignored though by Brussels.

The countries of the EU are far too culturally diverse to be in a political union.


The EU does not have a political opposition or a Senate either ... it's more communist than democratic.

You should know this
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17-11-2019, 10:40 AM
108

Re: 11th November

Originally Posted by Solasch ->
The federal states of america chose one currency. What is good for america is good for europe. Even the federation of states called united kingdom has a single currency. So there must be a rationale behind the principle?

Yes the rationale is that Anglo centric alliances do things best.

Absolute proof we are better off out of the EU.
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17-11-2019, 10:41 AM
109

Re: 11th November

Originally Posted by AnnieS ->
Eventually currencies will become obsolete for developed economies with the move to purely electronic payments based on some form of bitcoin type tech.

FX dealing is hugely lucrative. Create one currency and that artificial wealth source disappears and certainty for business goes up.

No they wont. Bitcoins value is based in an exchange rate
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17-11-2019, 12:09 PM
110

Re: 11th November

Originally Posted by Realist ->
Nonsense. By walking away we absolutely remove ourselves from control by the EU and ECJ. Out of the Customs Union and Single Market.

With BRINO we effectively stay in the EU in all but name and on far worse terms than we have now.
The problem we face is that, not only politicians, but also many of the general public are blissfully unaware of the consequences of Boris's BRINO. Many still think that it gets us out of the EU.
 
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