Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
This gold-backed lira would also graduate in value against the euro.
That would change circumstances around and free Italy from the EU and its nasty austerity.
We'd be lumbered with Osborne though, until such time that we think up something better.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
They will not return the the gold standard Alexander. It has been explained to you previously by others why that is pie in the sky but as usual you ignore informed information. There is no easy way out for the Italians or anyone from this crisis caused by the vanity and excessive spending of politicians in the UK and Eurozone in particular.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
If our problem is vanity and excess we need look no further that Lehman Bros. and their like to discover the head-waters of our present woe.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
and the uk will be using the euro in the next 6 months,you wait and see.all ready coming through the back door with shops pricing in sterling and euros,some shops in town are taking euro's as payment.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
I always accepted both € and US$ at Blakes, also Swiss Francs and Aussie $ on occasion. Doesn't mean we're going to adopt a foreign currency Brian, just a customer service. I also gave cash back in € for tourists on their way to Europe.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
peter,rememder desamilisation double priced then and look what happend.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
conversely some traders in calais accept sterling, just good business sense. i spoke to one who ran a cafe/bar who used to bank sterling just once a week to save on bank charges.
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,888
I took euros once at the charity shop rather than turn a very good sale away, but I was not popular with the boss when she found out.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
The euro has gone up 7% against the pound since the start of the year.
The Polish Zloty is estimated to be under-valued by about 30%, artificially kept low in Poland's favour.
The pound is kept artificially high through over-confidence in the sterling on the world's money-markets.
But if some Eurozone countries decided to utilise their gold reserves to prevent and reverse austerity, they'd be daft not to!
In Italy, impending austerity measures could trigger off something much worse than using a gold-backed currency.
No economist in their right mind would take for granted Barry's version, but would weigh the pro and the contra.
The reason why Greece and Spain went the way they did, is because they only have paper values and very little gold reserves. So I doubt the Italians will sit there and let themselves be pulverised into the death-throws of Austerity by EU commissars and heads of foreign governments.
They'd have to be downright daft to do so! Sorry Barry, no offence meant.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
If a country adopts the gold standard they are putting their currency at the mercy of the international gold market. It would be worse than being in the euro.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Gold is going up, not down, Peter. Gold reserves just sit idle in Fort Knox. Not to use them in a monetary crisis where paper money and bonds are printed with no real value, is wasting the gold and sacrificing the people to Austerity.
