Sterling At Risk Of “Large-Scale Devaluation�

[mertle]

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.

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

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.

spring summer and winter of discontent anyone?

[Sirius]

Originally Posted by tizmeinnit

spring summer and winter of discontent anyone?

Is that a que for a song

[Osem]

Originally Posted by Chris

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

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.

You're forgetting this:

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

[mertle]

Originally Posted by Chris

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

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.

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.

[Osem]

Originally Posted by Sirius

Is that a que for a song

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

Cue ArthurCloudCuckooLand@BlahBlah...

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

Now, it's impossible to forget our Harold.

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.

[mertle]

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

[Osem]

Originally Posted by Chris

Now, it's impossible to forget our Harold.

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.

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....

Originally Posted by mertle

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.

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.

[mertle]

Originally Posted by Chris

Now, it's impossible to forget our Harold.

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.

yep thats what scares me even alot food imported

[Sirius]

Originally Posted by Osem

Cue ArthurCloudCuckooLand@BlahBlah...

:

Ensured i don't see that

[Osem]

Originally Posted by Chris

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.

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

[Sirius]

Originally Posted by mertle

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

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