Is the end nigh for the Euro? [vol. 3]

[YankeePorker]

Mr Whippy said:

They've already been limiting widthdrawl limits under the idea that it'll stop terrorism and crime, because only baddies use cash.

Cyprus already had it's accounts raided.

It's already started, but softly softly catchy monkey. Before Euro holders know it'll they're gonna be stuffed.

Add to that their desire to do away with the bigger bank notes so people have to store their cash in smaller denominations, there are going to be some very fat mattresses if they do effectively charge people to hold onto their savings. It is not unrelated to the recent openings of high street stores selling gold ingots and coins.

[AstonZagato]

YankeePorker said:

Add to that their desire to do away with the bigger bank notes so people have to store their cash in smaller denominations, there are going to be some very fat mattresses if they do effectively charge people to hold onto their savings. It is not unrelated to the recent openings of high street stores selling gold ingots and coins.

The US outlawed the private ownership of gold in the 30s.

[Driller]

Mr Whippy said:

Driller said:

Mr Whippy said:

So far it looks like the best they can do now is probably helicopter money. When people are paying 10 euro, then 20 euro for a loaf of bread, but not getting paid an equivalent amount more, how do they fix the confidence of the users in their currencies worth?

It's funny but when this thread started, a Tradition baguette at my local boulangeur was €1.10c

Guess what? 5 years years later, still €1.10c

That's not really funny is it?

You're right, it's not funny.



It's fking hilarious.

[Mr Whippy]

YankeePorker said:

Mr Whippy said:

They've already been limiting widthdrawl limits under the idea that it'll stop terrorism and crime, because only baddies use cash.

Cyprus already had it's accounts raided.

It's already started, but softly softly catchy monkey. Before Euro holders know it'll they're gonna be stuffed.

Add to that their desire to do away with the bigger bank notes so people have to store their cash in smaller denominations, there are going to be some very fat mattresses if they do effectively charge people to hold onto their savings. It is not unrelated to the recent openings of high street stores selling gold ingots and coins.

By the time the general public get onto that gold will be surging in price due to high demand and profiteering, and probably low supply, so the seepage of capital will still be rather low.

We'll get a short-term last-ditch injection of 'pleb' wealth into GDP boosting things like cars, houses, more money into the stock market, and then it'll fail.

All the while the smart money is hopping out... though I wonder where they're stuffing their money... hmmm...

Dave

[Steffan]

Well, the daily discourse within our media within the UK on whether the outcome of the forthcoming UK Referendum on continuing within the EU is likely to favour remaining within the EU or to result in an outright, categoric decision  to leave the EU remains an open question currently?

It certainly does seem to me, from all the articles I see and particularly all the increasingly strident  tones, in those articles, from the leader of our ' We must remain within the EU at all costs' protagonist, cum Prime Minster,  David Cameron, that he certainly is becoming more and more desperate that he as backed the wrong horse, and is becoming visibly less and less convincing in either his logic or his rhetoric.

I think this very much  underlines the reality that he has realised that he, himself, has  totally underestimated the extent of feeling within the UK against continuing within the EU that actually exststs across the UK.

The Tory candidate at the London Mayors election, Zac Goldsmith, also made a pretty poor effort  in his candidature therein and in consequence inevitably ensured  that the Labour party Candidate would conquer. Regrettably a great deal of unpleasantness and unnecessary racial nonsense was involved all of which ensured Z Goldsmith was never in with a chance, and very likely to remain without sch a chance.

Boris Johnson remains the unofficial leader of the "out" lobby and a much better job he is doing to that end than his Party leader David Cameron can manage. 

To my mind it seems highly probable that the vote is swinging behind the No campaign and there are a number of reasons for  that shift. The articles below illustrate a series of events and concerns on ths subject and make worthwhile reading I think. There is still a way to go but it does seem to me at the probability is steadily drifting from remaining within the EU. And that there is definetly a better than even chance that The Uk is about to make perhaps the greatest decision within the last 50 years!


http://www.bbc.co.uk/news/world-europe-36150807

http://www.bbc.co.uk/news/world-europe-36245316

http://www.bbc.co.uk/news/uk-politics-eu-referendu...

What do others think? Do others agree that the sense of continuance in Europe is diminishing within the UK? Is a exit decision looking more likely?. And what then for the UK and UK politicians. Very very serious stuff a desision of this kind. It seems highly likely to me? Not long to wait now.

Edited by Steffan on Monday 9th May 22:15

[Driller]

In the meantime, it looks like the End still isn't nigh

http://www.bbc.com/news/world-europe-36250497

[Sam All]

Driller said:

In the meantime, it looks like the End still isn't nigh

http://www.bbc.com/news/world-europe-36250497

Brexit will spice things up.

[mondeoman]

Driller said:

In the meantime, it looks like the End still isn't nigh

http://www.bbc.com/news/world-europe-36250497

That'll be the great debt relief give-away deal then. So, so gets the haircut this time?

[Steffan]

Sam All said:

Driller said:

In the meantime, it looks like the End still isn't nigh

http://www.bbc.com/news/world-europe-36250497

Brexit will spice things up.

I rather think it will. The time is up for the nonsense the EU has become. Greece and the other failing states are going to fall away, inevitably because their continuance within the EU depends on permanent continuous subsidy. The end is coming.

[LongQ]

Since few people seem to be putting forward anything more than emotive rhetoric on either side of the EU Referendum campaign I suppose, as ever, this will come down to some entrenched views setting the base load votes and last minute coin tossing by the floating voters who will become the decision makers.

If the "populace" decides to stay in expect a lot of pressure to join the Euro Zone.

If the vote is for "Out" then expect a re-run next year. Perhaps with Boris as a notional "PM" but having flipped to support a Brussels driven "government" to save him having to think about becoming serious and take on real responsibility. Remember what happened in Eire and elsewhere.

They seem to have converted "Tsippy" into an austerity tool. I think that might have been a training event for how to deal with any future troublemakers.

[anonymous-user]

Gargamel said:

Does anyone anywhere truly believe that anything apart from a debt write off is a solution ?

The alternative is fiscal transfers at the EU/federal level. The architects of the EU/EZ knew this and were counting on it.

http://www.economist.com/blogs/dailychart/2011/08/...

Enjoy.

[chris watton]

Steffan said:

I rather think it will. The time is up for the nonsense the EU has become. Greece and the other failing states are going to fall away, inevitably because their continuance within the EU depends on permanent continuous subsidy. The end is coming.

Perhaps they're thinking of changing the way the whole capitalist system works. I have read many things over the years that make little sense and seem quite mad. I am thinking the whole mess in wholly intentional. If it's not, then we have some real incompetents at the top of the food chain.

[LongQ]

On a lighter note ....

The Alex cartoons are on subject at the moment.

http://www.alexcartoon.com/index.cfm?cartoons_id=5...
http://www.alexcartoon.com/index.cfm?cartoons_id=5...
http://www.alexcartoon.com/index.cfm?cartoons_id=5...
http://www.alexcartoon.com/index.cfm?cartoons_id=5...
http://www.alexcartoon.com/index.cfm?cartoons_id=5...


And then there was this one which seemed pertinent for different reasons ....

http://www.alexcartoon.com/index.cfm?cartoons_id=5...

[Digga]

chris watton said:

Perhaps they're thinking of changing the way the whole capitalist system works. I have read many things over the years that make little sense and seem quite mad. I am thinking the whole mess in wholly intentional. If it's not, then we have some real incompetents at the top of the food chain.

In some sense, there is merit in that argument and, certainly the likes of Merkel and Baroso are barely housetrained in terms of capitalism and business - just look at their respective (red) roots. In part, it was this sort of miss-match - non business and financial people in charge of the very same - which made me so uneasy about the Euro from the off.

[V8RX7]

Steffan said:

It certainly does seem to me, from all the articles I see and particularly all the increasingly strident  tones, in those articles, from the leader of our ' We must remain within the EU at all costs' protagonist, cum Prime Minster,  David Cameron, that he certainly is becoming more and more desperate that he as backed the wrong horse, and is becoming visibly less and less convincing in either his logic or his rhetoric.

I think this very much  underlines the reality that he has realised that he, himself, has  totally underestimated the extent of feeling within the UK against continuing within the EU that actually exststs across the UK.

Boris Johnson remains the unofficial leader of the "out" lobby and a much better job he is doing to that end than his Party leader David Cameron can manage. 

It seems to me - from BBC coverage - that there are so many reasons we must remain in the EU only a fool would vote no.

I've been shocked now little Boris is doing - or at least how little coverage I've seen.

I'm voting out - any group who can't even agree where their office is located, isn't a group I want anything to do with.

[paulrockliffe]

chris watton said:

Perhaps they're thinking of changing the way the whole capitalist system works. I have read many things over the years that make little sense and seem quite mad. I am thinking the whole mess in wholly intentional. If it's not, then we have some real incompetents at the top of the food chain.

If you've ever worked within a very large organisation, you'll know that it's the latter.

[Mr Whippy]

Digga said:

chris watton said:

Perhaps they're thinking of changing the way the whole capitalist system works. I have read many things over the years that make little sense and seem quite mad. I am thinking the whole mess in wholly intentional. If it's not, then we have some real incompetents at the top of the food chain.

In some sense, there is merit in that argument and, certainly the likes of Merkel and Baroso are barely housetrained in terms of capitalism and business - just look at their respective (red) roots. In part, it was this sort of miss-match - non business and financial people in charge of the very same - which made me so uneasy about the Euro from the off.

Yes, it's either incompetence or malice.

Now to them it may not be malice because there is plan behind it that 'they' believe isn't... however I have this sneaky feeling it's just another stealthy move towards communism while everyone still sees freedom and capitalism.

[chris watton]

Mr Whippy said:

Digga said:

chris watton said:

Perhaps they're thinking of changing the way the whole capitalist system works. I have read many things over the years that make little sense and seem quite mad. I am thinking the whole mess in wholly intentional. If it's not, then we have some real incompetents at the top of the food chain.

In some sense, there is merit in that argument and, certainly the likes of Merkel and Baroso are barely housetrained in terms of capitalism and business - just look at their respective (red) roots. In part, it was this sort of miss-match - non business and financial people in charge of the very same - which made me so uneasy about the Euro from the off.

Yes, it's either incompetence or malice.

Now to them it may not be malice because there is plan behind it that 'they' believe isn't... however I have this sneaky feeling it's just another stealthy move towards communism while everyone still sees freedom and capitalism.

I too envisage, and fear the endgame is some flavour of a communist-like regime. And we all seem to be happily sleepwalking into it.

[iantr]

Steffan said:

To my mind it seems highly probable that the vote is swinging behind the No campaign and there are a number of reasons for  that shift. The articles below illustrate a series of events and concerns on ths subject and make worthwhile reading I think. There is still a way to go but it does seem to me at the probability is steadily drifting from remaining within the EU. And that there is definetly a better than even chance that The Uk is about to make perhaps the greatest decision within the last 50 years!

Edited by Steffan on Monday 9th May 22:15

I think you are exhibiting the classical symptoms of confirmation bias!

[Digga]

chris watton said:

Mr Whippy said:

Digga said:

chris watton said:

Perhaps they're thinking of changing the way the whole capitalist system works. I have read many things over the years that make little sense and seem quite mad. I am thinking the whole mess in wholly intentional. If it's not, then we have some real incompetents at the top of the food chain.

In some sense, there is merit in that argument and, certainly the likes of Merkel and Baroso are barely housetrained in terms of capitalism and business - just look at their respective (red) roots. In part, it was this sort of miss-match - non business and financial people in charge of the very same - which made me so uneasy about the Euro from the off.

Yes, it's either incompetence or malice.

Now to them it may not be malice because there is plan behind it that 'they' believe isn't... however I have this sneaky feeling it's just another stealthy move towards communism while everyone still sees freedom and capitalism.

I too envisage, and fear the endgame is some flavour of a communist-like regime. And we all seem to be happily sleepwalking into it.

Unfortunately, it is not uncommon to find those who effectively exist on OPM (other people's money) and are not involved in any sort of coal-face endeavours day-to-day are frequently also blithely unaware of how and why they are able to exist in a cosy bubble of first-world, Western splendour, from which to hatch their 'ideals'. Ironically, this remains the case even though the rest of the developing world know only too well and understandably, are arriving here in droves because they know the flipside and understandably want to get away from it.