Sterling At Risk Of “Large-Scale Devaluation�

[mertle]

Originally Posted by Osem

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....

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

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

[GrimUpNorth]

Cheers

Grim

Originally Posted by Osem

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....

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 -

[mertle]

solar panels out question eu made sure on that

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

Tidal wave generators?

[Sirius]

Originally Posted by Chris

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 -

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 ----------

Originally Posted by mertle

solar panels out question eu made sure on that

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

Tidal wave generators?

Another EU policy by unelected meddling idiots outside this country

[mertle]

Originally Posted by Sirius

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

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.

[Mick Fisher]

Originally Posted by Osem

You're forgetting this:

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

Classic

[Sirius]

Originally Posted by Osem

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

:

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

[mertle]

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.

[MovedGoalPosts]

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.

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 ?

[MovedGoalPosts]

Originally Posted by martyh

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 ?

Absolutely no idea. Gordon Brown apparently sold our gold

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.

This. ^

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.

[devilincarnate]

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

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