Sterling At Risk Of “Large-Scale Devaluation�
 

http://www.silverdoctors.com/sterlin...ars-intensify/

Really worried what will happen here. Surely this will just sky rocket our inflation wont it.

I think going get really messy. Although exports will benefit the people who struggling now going find it very hard.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

In other news ... Bears prefer arboreal cover whilst defecating and the Pope's a Catholic, even if he's not the Pope any more ... :spin:

I'm not sure what else anybody thought was going to happen with the Bank of England printing money left, right and centre. They can call it quantitative easing or anything else they like, the fact is they have diluted everybody's share in GB PLC. When you dilute your shares, your share price falls.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

spring summer and winter of discontent anyone?

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Is that a que for a song :D

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

You're forgetting this:

http://www.youtube.com/watch?v=mIQnpoGBS1I

:D

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

understand this but for all this QE where this 380bn gone. UK not seen penny of it used wisely to stimulate. Worried all banks done used it in sub prime real estate which cause another crash like USA 2008. Osbourne was fool to trust them.

How damaging will this get though thats the worry.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Cue Gary. He's been singing it long enough so he must know all the words backwards by now.... :D

Cue ArthurCloudCuckooLand@BlahBlah...

"Cameron should hang his head in shame, this would never happen under Labour...." :rofl:

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Now, it's impossible to forget our Harold. :D

Actually it's rather worse now than it was back then. You had a reasonable chance back then of equipping your home and feeding your family with products that were made in the UK from largely British ingredients. These days we buy everything from China. If Sterling slides, the price of just about everything will sky-rocket.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

better start inventing new currency how about Smarties:D can rowntrees make enough for the big launch.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Yes well at least we don't need to worry about having a population too big to sustain without vast imports of gas, oil, food.... :erm: :rolleyes:

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

The Government has been telling banks to lend to business. It has also been telling banks to vastly increase their capital reserves. The Bank of England has printed a tonne of cash but for our financial institutions to fulfil both of these Government demands adequately it would have to print a whole lot more.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

yep thats what scares me even alot food imported:shocked:

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Ensured i don't see that :LOL:

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Bugger, there goes Miliband's pre-election prosperity for all promise. :D

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

OMG don't let the Euro fanatics see your post, they will take it as an excuse to promote the euro failure.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

funny you mention energy was big big warning today of serious rises in energy bills.

http://www.bbc.co.uk/news/business-21501878

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

https://www.cableforum.co.uk/images/...2013/02/21.jpg

Cheers

Grim

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Let's not forget, thanks to the eco-loons, we are about to switch off a load of our coal power stations and all we can quickly replace them with is gas, which we have to buy from Russia.

We can't pipe shale gas into them because the hippies have been inventing massive and surprisingly effective lies about the process (hands up who still thinks Americans really can set light to their tap water) - thus delaying exploitation of possibly huge reserves in NW England.

We can't switch on all those new nuclear power stations we've been talking about for the last 15 years because Tony Bliar and his cronies didn't have the spine to accept we would need them and simply sign off the process.

We can't rely on the only form of generation currently being built on any scale - wind - because the wind can't satisfy base load requirements, it costs so much the only people who are benefiting from it are rent-seeking landowners (at the expense of all of us taxpayers), and in any case we have long since passed the point where a few turbines on a distant hill added interest to the landscape. We're ruining the last of our wild places with the things.

In short -

https://www.cableforum.co.uk/images/...2013/03/42.png

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

solar panels out question eu made sure on that

http://www.guardian.co.uk/environmen...hinese-imports

Tidal wave generators?:erm:

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Thats what happens when we allow the nimbys and there mates to much leeway.

---------- Post added at 17:31 ---------- Previous post was at 17:28 ----------

Another EU policy by unelected meddling idiots outside this country

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

so true they come in all forms from both political spectrum we had them here horncastle mp tapesil trying to stop windfarm as it would blot lincolnshire landscape.

He has no thought how we going to generate electricity.

I am shocked why government pulled the solar panel deal. Surely theres few million homes which we could put solar panel on the roof. Hook them on the grid use it to run all sorts of electrical needs and the home. Mean pay less to the parasites who own the utilities.

Cant we have programme where we put them generators which was in the home of the future.

It needs vision to think beyond the box. Both labour and coalition has not thought anything to make all homes self sufficient.

Short term fix might just keep us ticking until we get some sustainable power. Only option is new nuclear reactor hopefully latest level one. If we do build one dont let parasite near them keep them in government mits this time.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Classic :D

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Just noticed this, you know what he's like if you encourage him :LOL:

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

One thing does the situation discredit IMF role in the mess. They adviced austerity, then the QE to and now they want change plan to growth.

Shows to me none of the advisors/experts had a clue from day one. Played a game russian roulette peoples lives.

They could played hokey pokee better.

Still think this concerted power game the money men playing.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

The more you try and manipulate an economy, the more the economy will manipulate itself and bite you in the backside.

Economies are no longer those of indivual countries, or even continents, but are truly global. It's all intertwined. Short term fixes will create longer term problems.

The single biggest issue, as indicated by the whole quantitive easing thing, is that so called currency now appears to have no real basis of value tied to any asset. We saw this with the credit crisis, that organisations owned a lot of stuff on paper, but the moment someone called into question the value of that paper the whole thing came crashing down like a pack of cards. History will repeat itself over and over.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

So what is our currency valued on .In the past it was gold ,we had a vault full gold and currency to match that gold so a pound note was x amount of gold .How does it work now ?

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Absolutely no idea. Gordon Brown apparently sold our gold :shrug:

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

I don't think the pound is backed by gold and hasn't been for a long time. This wasn't related to Brown selling the Gold either. I believe it's, like the US Dollar, a Fiat currency which basically means it's backed by Italian cars.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

This. ^ :D

Fiat currency - its value is what it is said to be.

This is not necessarily a disaster, and it certainly didn't come about by accident. The advantage of a fiat currency is that it allows a cash value to be attributed to non-tangible things such as labour. In a modern economy where most people neither farm the land nor manufacture goods from their own raw materials, it's the only effective means of allowing economic growth. A currency tied to any finite resource, such as gold, can't in the long term cope with non-tangible assets.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Does this article read almost the same as we are going through now?

http://news.bbc.co.uk/onthisday/hi/d...00/3208396.stm

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

At the lowest price he could as well, prudence my arse

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

I own a fiat ,does that mean i'm rich ?:D

so basically your saying that the £ is worth as much as people say it is ,those people being other governments

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

Being your government. The Government says it's worth £5 so it is. If investors or other countries lost confidence in a Government's ability to ensure the value of their currency then I guess it will collapse.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

my tenners are worth 20 pound, so im selling them for 15 if youre interested.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

So if £2 plus £2 can make anything other than £4, according to the government or anyone else, is it any wonder the rest of the world could now be deciding not only our money, but indeed anyone's money, isn't worth the paper it's printed on.

No wonder the banks wrecked our economy, after New Labour's spending sprees, but then it's a mystery why the co-alition hasn't just fabricated more money, to solve austerity given that it all means nothing. Someone find me a maths teacher who can give some basic lessons to economists.

Re: Sterling At Risk Of “Large-Scale Devaluation�
 

I think the stupid idiot got duped by pwerful people sell us down the river and that goes to osbourne now.

They both thought they was in the bullindon mob but reality they was laughing at them.

devilincarnate in my opinion no as we was the ones controlling the devaluation. Fearing more like 1931 sadly not how was in uk but usa style. We had the options we abandoned gold standard. USA stuck dropped third in its economy. My biggest fear is can osbourne take us out the mess. He not been to me good enough currently. He certainly no lamont, clarke standard chancellor. I fear he already in panick mode now.

I think we realistically have to consider abandoning the £ not necessary take euro. Will take hit but is the £ going to be recoverable.

http://www.telegraph.co.uk/finance/e...ince-1931.html

We not the only ones occording article would not be suprised its Dollar or Euro after us. They already doing the yen now.

martyh what I read there is pro and cons both fiat and gold. Gold gives security but limits ability to grow a country. Fiat can grow a country but if turn the tap on too much it implodes. Another gold standard is another danger its controlled by money to the value. More danger to power to them. You can see dangers when they got too much power.

Sadly we had too many governments pumping it flowing to the rich. Balance all out shape the bucket with holes waters(money) left it. Government losing control of the flow of money bucket not being topped up.

Either too many holes or the trickle down gone dry. You could argue both.

---------- Post added at 23:05 ---------- Previous post was at 22:50 ----------

yes its WAR the money men always wanted money based on gold standard. Read up lincoln fight against the money men. Why he made the famous greenbacks to pay the workers. Governments found way to wrestle power by creating money based on fiat.

Nobody put 2 and 2 together why is golds on increase and why all these we buy any gold shops. Governments should never accepted the advice off the mega rich/banks. They asking for trouble why dont trust IMF.

Its interesting IMF want World bank this they same ideolgy called new world order.

I firmly believe they have softened the world up now striking to get governments to embrace gold standard. They in time will try take power of all the main banks like the BOE, thats if they not already own it.

Once they got the power its bad news. We got fight the rothchilds of this world. These powerful people very dangerous.