UK Pound to Collapse - Problem Reaction Solution ?

[steevo]

Apologies if this has been discussed before.

I found myself wanting to change my money into Euro's because I think the Pound is set to collapse and the Euro is seen as very safe. There has been the run on the bank (Northern Rock) and lots of other mainstream media reports which I think suggest that the Pound is likely to collapse in the same way the dollar is collapsing.

I have a feeling that tptb want us to THINK that we are being clever by exchanging our money for Euro's when in fact that is what the want us to do because it will push ahead their agenda of a one world currency.

Coincidentally there are reports that people in America are wanting to be paid in Euro's rather than the US Dollar. Maybe, in the US they want to push ahead with their agenda of the North American Union currency, possibily called the Amero ?

I'm also wondering whether they are wanting us to THINK we are being clever when we choose to buy gold. Who owns all the gold ? THEY do. The price of gold goes up when there is a demand for it. And that is exactly what has been happening.

What are your LATEST thoughts on this subject ?

[redhead]

IMO they have to crash the pound and the dollar as the English and Americans wont give up there currency, to much national pride there, so they make it worthless and force us to accept the Amero/Euro.

Simple really

[adimon]

The pound will remain strong for a while yet. The dollar will recover shortly. The euro will plateau.

Keep your stirling steevo. If you really wanna swap it for something try options or bonds.

[synergy777]

the dollar will eventually collapse to accomodate the amero, so will sterling in order to accomodate the euro. it will take 2/3 years, but eventually they want 4 regional currencies, which later will pave way to a global currency. with increased globalisation/trade, it makes sense for them to have less currencies. also with the transfer to more electronic currency eg debit/credit cards etc, it will eventually happen.

hard currency is not needed with increasing electronic transfer of funds.

imagine if they release an all in one card, id/biometric/passport, with transport/oyster, and credit/debit card functions, it will be the perfect product. then imagine if they can put all of this into a rfid/chip, so you just implant it and swipe with your finger, the opportunity for fraud/identity theft is reduced aswell.

is this the mark of the beast?

[redhead]

adimon said The pound will remain strong for a while yet..

Where is the pound strong...? Against the dollar which is'nt worth the paper its printed on, check the pound against the euro my friend and you will see its not very strong at all.

Anyways there all IOU notes manufactured out of fresh air, there worthless, a countries true wealth comes from its products, industries and services, all of which have been systamaticly dismanteled in both the UK and the USA over the past 10-15 years.

[redhead]

Big ups Syn man, always coming correct

imagine if they release an all in one card, id/biometric/passport, with transport/oyster, and credit/debit card functions, it will be the perfect product. then imagine if they can put all of this into a rfid/chip, so you just implant it and swipe with your finger, the opportunity for fraud/identity theft is reduced aswell.

is this the mark of the beast?

This is indeed the mark of the beast :eek:

[synergy777]

just a guess, we don't know if the elite will get to that stage, i think they will fall before they even get to the chip stage, they will fall after the conflict in the middle east spreads, this coupled with economic and environmental problems will leave the masses in a postion when they can no longer ignore the underlying reality of life, the spiritual battle.

they can ignore it, but they cannot escape it.

time and tide, waits for no man, and ignorance is no protection. there are forces far more powerful than us at work, you either go with the tide, become one with it, or you get drowned.

pole shift, planetary alignments, sun spot/solar cycles, these are hard facts/science.

[Anders Lindman]

The dollar will recover shortly.

That is a possibility that I often forget. Just because the dollar is falling now doesn't mean that it will continue to fall.

If the dollar continues to fall, then Ron Paul is probably set up to change the U.S. monetary system. Introducing a new currency based on real values could make all the other currencies in the world look like toilet paper. :)

[synergy777]

give me reasons why it not eventually collpase. lets stick to economic fundamentals not speculation, as this is what has got us in this mess in the first place.

monetary policy, research it, and then apply it to our present predicament.

rules of systems, functions are there for a reason, economic rules are like gravity, they exist, they have been researched etc.

[Anders Lindman]

economic rules are like gravity, they exist, they have been researched etc.

The economy is like a complex chaos system. On the whole it can be very tricky to predict. That's one problem with the Federal Reserve for example. They only have economic theories and past experience as tools for trying to control the dollar from a centralized point.

Alan Greenspan wrote in his new book about a hedge fund that was run on economic models developed by Nobel Prize winning economists. The model was very successful for a while, but one day just over night the model did not work any longer and the whole hedge fund came crashing down.

In a chaos system, tiny fluctuations in initial conditions can after a while create huge changes, like the so-called Butterfly effect: "The phrase refers to the idea that a butterfly's wings might create tiny changes in the atmosphere that ultimately cause a tornado to appear (or prevent a tornado from appearing). The flapping wing represents a small change in the initial condition of the system, which causes a chain of events leading to large-scale phenomena. Had the butterfly not flapped its wings, the trajectory of the system might have been vastly different."

Butterfly effect - Wikipedia, the free encyclopedia

[synergy777]

i like krugman, . the olds like adam smith, keynes, friedmen are good. but krugman is contemporary and includes the complexity of the modern era. we live in a 24 hour economy, real time information thanks to technology. this has influenced economic rules and their effects.

greenspan and bernanke are monetary policy fans, eg control by money supply/m3 and interest rates.

the man , paul krugman, lol

Paul Krugman - Wikipedia, the free encyclopedia

also jim rogers

Jim Rogers - Wikipedia, the free encyclopedia

[adimon]

give me reasons why it not eventually collpase. lets stick to economic fundamentals not speculation, as this is what has got us in this mess in the first place.

because, as some have pointed out already, if it goes too far then the big boys will intervene at the cost of something else like bonds.

I will get some good info and be back soon :)

[synergy777]

bro you are wrong. this what i studied for, i know this.


interest rates effect yield/return. this effects the value of a currency. hence lower value, less purchasing power, you need more currency to buy things, this is inflation.

* lower value of currency + higher costs of commodities = higher inflation.

dropping interest rates will add to this, thus currency value decreases, look the fed cuts and the value of the dollar, its the same as sterling.

the elite have not invested time and money into the amero/euro for it to fail.

http://www.propagandamatrix.com/articles/december2007/211207Sterling.htm

http://uk.reuters.com/article/businessNews/idUKL2132918320071221

Sterling falls towards all time low vs. euro
Fri Dec 21, 2007 9:04am GMT

LONDON (Reuters) - The pound homed in on an all-time low versus the euro on Friday as expectations of an interest rate cut on the back of a slowing economy led investors to sell the currency.

The pound held at its lowest in more than a year and a half on a trade-weighted basis as news on Wednesday that the Bank of England's Monetary Policy Committee was unanimous on this month's rate cut firmed investor conviction that more monetary easing is imminent.

"The (MPC) minutes are the most persuasive drivers this week. They voted decisively for a rate cut and the accompanying statement was also on the dovish side," said Kamal Sharma, currency strategist at Bank of America.

By 8:23 a.m., the euro was up 0.2 percent versus the pound having touched 72.46 pence, its highest since May 2003 and just shy of the 72.55 pence all-time high. The pound was up 0.2 percent versus the dollar at $1.9865.

On a trade-weighted basis the pound was steady at 98.9, its lowest since April 2006.

The BoE cut rates to 5.50 percent in December and further monetary easing is expected following a string of soft economic data with the current account deficit hitting a record 20 billion pounds.

"Cyclical and structural factors supporting the pound are eroding and a medium term decline for the pound looks likely," Sharma at BoA said.

Investors will look to retail sales data at 0930 GMT for clues on whether problems in the credit sector are affecting consumer spending. A poll by Reuters predicts a rise of 0.2 percent in November from a 0.1 percent dip the previous month.

The GfK consumer confidence measure for December due for release at 1030 will also be watched for signs of weakness. (Reporting by Simon Falush)

[king]

Apologies if this has been discussed before.

I found myself wanting to change my money into Euro's because I think the Pound is set to collapse and the Euro is seen as very safe. There has been the run on the bank (Northern Rock) and lots of other mainstream media reports which I think suggest that the Pound is likely to collapse in the same way the dollar is collapsing.

I have a feeling that tptb want us to THINK that we are being clever by exchanging our money for Euro's when in fact that is what the want us to do because it will push ahead their agenda of a one world currency.

Coincidentally there are reports that people in America are wanting to be paid in Euro's rather than the US Dollar. Maybe, in the US they want to push ahead with their agenda of the North American Union currency, possibily called the Amero ?

I'm also wondering whether they are wanting us to THINK we are being clever when we choose to buy gold. Who owns all the gold ? THEY do. The price of gold goes up when there is a demand for it. And that is exactly what has been happening.

What are your LATEST thoughts on this subject ?

I have asked the same questions, therefore I think that you are on right path with your thinking.

I do not know for sure, but the most logical explanation (and my gut feeling) is that Euro is purposely made look good, that is $ and pound are purposely made look bad.

I see it this way;
the money changers control value of gold and fiat money, all major currencies.

there is no reason for one fiat currency to be valued more than
other currency, UNLESS there is some agenda behind it.

think about this, in late 1980's Reagan (his cabinet) adjusted
the exchange ratio of Deutche Mark by "correcting" or shal we say devaluing dollar in respect to DM.

So, almost overnight the ratio of 3 DM for a dollar was changed to 2 DM for a dollar.

This was done to supposedly "help" economy, exports...blah blah.

This is actually when I first figured out that money system is definitely manipulated. If we take that power of international bankers who told Reagan administration what to do with value of dollar, and if you take consideration that value/exchange of gold is set by some old geezer in some bank in England, and that that same old geezer it TOLD what to do, thn it become obvious that all that hype "invest in gold" or "Euro is solid" is just a step in Hegelian Dialectic.

How is hording the gold gonna help us in a cashless society
that they are pushing?

Do we ever think that gold could be outlawed because say,
"terrorists have bought out/stole/manipulated large quantities of gold as they are trying to destroy our economies"

in such case those individuals who would own the gold would be considered terrorists, by their own friends or neighbors.


and, if SHTF, you won't be able to carry much of gold with you, would you? Especially if it is illegal.

So, yes, it looks to me that whole money situation that we have now is just PRS, on one end we have "good" currencies and other hand we have "bad" currencies.

Anyone who has visited the Europe recently and compared it with the U.S. knows that living standard in Europe is not that great, not that U.S. is much better.


I think that we really need to think out of box and see those strings attached that are manipulating just about everything there is, and why would the money system be any different?
after all, it is # 1 tool of manipulation, as everyone worships the money, as it is is linked to basic needs and survival of each individual.

and, yes, I think that Amero will be pushed as a "solution" to
financial shit that U.S. is in (purposely)

Hey, those wars can ruin the countries financially really quick,
change the core of society and become the best tool of social control!