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In my economic plans, Keith B., there would be a devaluation of the super-pound, but without inflation. At present, the pound is too strong, and prevents fair trade with other countries and continents (except western EU states, USA, Canada and Australia/New Zealand, who all have super currencies like we do).
Although some eastern EU states use the euro, but not all do, they have a much lower average national salary when calculated in pounds.
In other words, in Poland, the average factory wage, from zloty to euro, is about 400 euro a month, but the prices of food and housing are a lot lower than in Britain.
So we can hardly export to Poland, but find it cheaper to import from there.
In India, the average national salary, calculated from rupee to pounds, is probably 50 pounds a month, or perhaps 100, so we can hardly export to that country, whereas it is cheap to import from India all sorts of products that once we produced ourselves.
China: the same as India.
Hence, we need to address this policy, which at present is based on UNFAIR trade, as some countries, including ours, cannot export their goods fairly, but only import them at rubbish prices.
What we need to do, is to either decrease the cost of food and housing in the UK, and consequently decrease the salaries, or, devalue the super-pound, or a combination of both.
We need to get to a situation where the average wage of a British worker is such that we can offer our products to Poland AND India AND China.
The problem is, in Speculation.com UK, houses are valued at 5-10 times their proper market value, which affects mortgages and rent, and this is the root of our economic problems.
A similar house in India to one of our average English homes, and I'm not talking here of shanty towns or huts, but equivalent houses, costs about 5,000 to 10,000 pounds, when calculated from Indian rupees. Here it costs, say, 150,000 pounds, or 300,000.
This of-course affects salaries, as a British worker MUST earn at least £10 an hour to pay the rent or a mortgage.
An Indian worker needs only a fraction of that income to pay their rent or mortgage.
The present system in the UK, which is not only EU defined, but caused by speculation of a capitalist type that also existed before the EU, is the cause of our economic ruin.
Once the housing market is sorted out, and the State imposes a proper house-price system, where speculation is BANNED, then the salary situation will be regulated accordingly.
Only then can we have the condition for fair trade between our Country and the rest of the world.
In Britain, the housing market - house prices and rent - has spun out of control, it has become absurd, and the biggest shock is, that the UK economists commit the tragic error of defining a decline in house prices as negative, and an increase in house prices as positive.
These people do not have a clue, they are the economists who have led us into total economic chaos, ruin, unemployment and sovereign and private debt amounting to trillions of pounds. They have led us into a massive trade deficit, and what they do is about the same as what western European economists have also done.
Now the hens are coming back to roost. The eurozone is absolutely bankrupt, debt-ridden, the EU as a whole is debt-ridden, and Britain's economy is floundering in debt.