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Post by om15 on Oct 28, 2022 8:54:01 GMT
Morgan, I frequently do that.
Jaydee stated there would be no border with England, I demonstrated that there would be in the event of Scotland joining the EU. He also stated that Scotland would continue to use the UK Pound, this has been corrected by the EU who state that Scotland would use the Euro.
Jaydee doesn't consider the percentages of internal trade between Scotland and England, not to do so distorts his argument.
Much of his arguments are based on flawed premises as shown by these two incorrect assertions above.
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Post by Fairsociety on Oct 28, 2022 10:31:32 GMT
jaydee states what he hopes will happen in the event of independence, which is worlds apart from reality if and when it does happen.
He believes this tripe because he believes everything the SNP leader touts, Stergeon is telling the people of Scotland what they want to hear, but she will have to come clean when it comes to the crunch, the people of Scotland will be horrified when they find the true cost of becoming independent, and just exactly what they will lose, dealing with the wins will be easy because there wont be many if any.
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Post by Toreador on Oct 28, 2022 11:36:50 GMT
Previous was rounded up, today it's rounded down. It's being reported as a fall. Not any longer: £=1.16 United States Dollar
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Post by patman post on Oct 28, 2022 12:07:52 GMT
Is 1.16 USD to 1 GDP good?
Talking to elderly uncle yesterday, he related how a dollar used to be “five bob” and “half-a-crown” used to be known as half a dollar. That’s 25p and 12.5p in today’s money
To put this into context, Uncle is 92. But to return to my query, is today’s exchange rate good, and/or controllable…?
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Post by Toreador on Oct 28, 2022 12:11:33 GMT
Is 1.16 USD to 1 GDP good? Talking to elderly uncle yesterday, he related how a dollar used to be “five bob” and “half-a-crown” used to be known as half a dollar. That’s 25p and 12.5p in today’s money To put this into context, Uncle is 92. But to return to my query, is today’s exchange rate good, and/or controllable…? Your uncle was right and not only was five bob a dollar but the term was still in use long after the £'s value fell. |
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Post by jaydee on Oct 28, 2022 16:48:13 GMT
Morgan, I frequently do that. Jaydee stated there would be no border with England, I demonstrated that there would be in the event of Scotland joining the EU. He also stated that Scotland would continue to use the UK Pound, this has been corrected by the EU who state that Scotland would use the Euro. Jaydee doesn't consider the percentages of internal trade between Scotland and England, not to do so distorts his argument. Much of his arguments are based on flawed premises as shown by these two incorrect assertions above. Regarding borders, Let me repeat what I said. As you lie through your teeth. It was England who voted for borders. Why do silly Englishmen blame others for the action they took. In terms of what I said regarding currency as you lie through your teeth. That's twice in one sentence as you waffle to weasel out your clueless garbage. I have stated a million times the Scots currency will be the pound. A Scottish pound matey . Not sterling. Which is not a UK pound it is a Bank of England Pound. You cannot even get that correct. You have been told a million times by me and others. A SCOTTISH POUND. . I have also explained to you a million times. On the last indy ref. Once the currency Union was of the cards. Mr Salmonid should have went for the pound. That now is the view of Prof Richard Murphy on the next indy ref. For Scotland to go for a Scottish pound right of. Leaving bankrupt England with the entre debt. Or not if a settlement is reached. So stop lying through your teeth. In terms of the Euro. FFS that utter garbage. You have also been told this time after time and still ranting the same garbage. Which part of European law which states ... that the decision as to when, or if, to include a currency in the ERM II - a pre-condition for Eurozone membership - rests entirely with individual EU member states. Translates to you Scotland would have to join the Euro. Not to mention the Euro is now about par with the Sinking Sterling. Do you even understand what it means. . You have the credibility of a diesel driven donut. You will be ranting next Spain will veto Scotland. In terms of % of trade. Which part of Not including oil and gas, Scotland sold £86.4 billion in goods and services to England. England sold £93.4 billions in goods and services to Scotland. Translates to you I do not understand. It is you matey who is clueless. The population of England is some 10% more than Scotland. So the percentage to keep up is England would have to sell £864.4 billion to Scotland. Not even close. That is more than the entire UK economy. So stop ranting garbage. I have had all this crap re the NHS, Police and so on from you. As you post absolute havering slastering nonsense time after time. Lets get the real ducks and humans in order. In the real world matey. If Scotland joins the EU. There will be no doubt i my mind that no trade border between England and Scotland will exist. . Provided that no goods coming from Scotland to England go into the EU. Let me explain that in very simple terms to you. . As I waste my time again. There is a advert on the telly right now about a firm in England that sells full casks of old Scottish whisky. That whisky will go into England tariff free from Scotland . Provided it stays in England. . But it would be subject to tariff anyway if it went from England into the EU. Now why would any body in the largest trading block in the world, buy it from England. That includes pork pies, to haggis to beef, and anything subject to trade. When they could buy it tariff free from Scotland. What are you not grasping. By the way. Whisky contributes £37 per second to the UK economy. To pay for your massive debt. Because bankrupt England cannot live within its means. But lets assume the EU with its Johnny Foreigners are hate filled as you and demand those dreadful Jocks wearing kilts apply tariff to sooper dooper England. Why do you think Northern Ireland is the fastest growing economy in the UK. You do know, or rather clearly do not. It is still in the UK but it is also still in the Customs Union and Single market. As Union Jack waving BritNats six mile long Breach of the Peace Orange men DUP gangster who were bribed by May and Johnston demand that the NI economy be dragged to the level of the RUK. And will not form a assembly with other parties. Until it is dragged out of the EU. As the rest of the world including the Americans warned Johnston what was going to happen. Then he tried to rip the protocol apart. That is the level of that moron. Exactly what part of that do you not understand. And if it is wrong correct it. Along with other questions I have asked you on your absolute clueless drivel. Or is it more of your nonsensical flawed premises and incorrect assertion. That you cannot correct. FFS why do I bother. Do not to forget to correct the second link. Forty times I have asked you www.politico.eu/article/northern-ireland-economy-outpace-post-brexit-britain/ukpoliticsdebate.boards.net/post/9176/threadwww.gov.scot/publications/independence-what-you-need-to-know/pages/european-union/ |
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Post by om15 on Oct 28, 2022 17:00:31 GMT
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Post by Deleted on Oct 28, 2022 20:44:41 GMT
Is 1.16 USD to 1 GDP good? Talking to elderly uncle yesterday, he related how a dollar used to be “five bob” and “half-a-crown” used to be known as half a dollar. That’s 25p and 12.5p in today’s money To put this into context, Uncle is 92. But to return to my query, is today’s exchange rate good, and/or controllable…? Indeed. My grandfather would refer to a half crown coin (2 shillings and 6 pence - now 12.5p) as "half a dollar" as the pound was fixed to the dollar at 4 to the pound for quite a long period of time. As to whether the rate today is good or controllable, all I know is "you can't buck the market". Edited a typo out. |
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Post by dodgydave on Oct 29, 2022 1:13:09 GMT
Currency used to be tied to Gold.
Now it is tied to how much quantitative easing a country feels like churning out lol.
ie the currencies are now based on bullshit.
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Post by dodgydave on Oct 29, 2022 1:28:49 GMT
Morgan, I frequently do that. Jaydee stated there would be no border with England, I demonstrated that there would be in the event of Scotland joining the EU. He also stated that Scotland would continue to use the UK Pound, this has been corrected by the EU who state that Scotland would use the Euro. Jaydee doesn't consider the percentages of internal trade between Scotland and England, not to do so distorts his argument. Much of his arguments are based on flawed premises as shown by these two incorrect assertions above. Regarding borders, Let me repeat what I said. As you lie through your teeth. It was England who voted for borders. Why do silly Englishmen blame others for the action they took. In terms of what I said regarding currency as you lie through your teeth. That's twice in one sentence as you waffle to weasel out your clueless garbage. I have stated a million times the Scots currency will be the pound. A Scottish pound matey . Not sterling. Which is not a UK pound it is a Bank of England Pound. You cannot even get that correct. You have been told a million times by me and others. A SCOTTISH POUND. . I have also explained to you a million times. On the last indy ref. Once the currency Union was of the cards. Mr Salmonid should have went for the pound. That now is the view of Prof Richard Murphy on the next indy ref. For Scotland to go for a Scottish pound right of. Leaving bankrupt England with the entre debt. Or not if a settlement is reached. So stop lying through your teeth. In terms of the Euro. FFS that utter garbage. You have also been told this time after time and still ranting the same garbage. Which part of European law which states ... that the decision as to when, or if, to include a currency in the ERM II - a pre-condition for Eurozone membership - rests entirely with individual EU member states. Translates to you Scotland would have to join the Euro. Not to mention the Euro is now about par with the Sinking Sterling. Do you even understand what it means. . You have the credibility of a diesel driven donut. You will be ranting next Spain will veto Scotland. In terms of % of trade. Which part of Not including oil and gas, Scotland sold £86.4 billion in goods and services to England. England sold £93.4 billions in goods and services to Scotland. Translates to you I do not understand. It is you matey who is clueless. The population of England is some 10% more than Scotland. So the percentage to keep up is England would have to sell £864.4 billion to Scotland. Not even close. That is more than the entire UK economy. So stop ranting garbage. I have had all this crap re the NHS, Police and so on from you. As you post absolute havering slastering nonsense time after time. Lets get the real ducks and humans in order. In the real world matey. If Scotland joins the EU. There will be no doubt i my mind that no trade border between England and Scotland will exist. . Provided that no goods coming from Scotland to England go into the EU. Let me explain that in very simple terms to you. . As I waste my time again. There is a advert on the telly right now about a firm in England that sells full casks of old Scottish whisky. That whisky will go into England tariff free from Scotland . Provided it stays in England. . But it would be subject to tariff anyway if it went from England into the EU. Now why would any body in the largest trading block in the world, buy it from England. That includes pork pies, to haggis to beef, and anything subject to trade. When they could buy it tariff free from Scotland. What are you not grasping. By the way. Whisky contributes £37 per second to the UK economy. To pay for your massive debt. Because bankrupt England cannot live within its means. But lets assume the EU with its Johnny Foreigners are hate filled as you and demand those dreadful Jocks wearing kilts apply tariff to sooper dooper England. Why do you think Northern Ireland is the fastest growing economy in the UK. You do know, or rather clearly do not. It is still in the UK but it is also still in the Customs Union and Single market. As Union Jack waving BritNats six mile long Breach of the Peace Orange men DUP gangster who were bribed by May and Johnston demand that the NI economy be dragged to the level of the RUK. And will not form a assembly with other parties. Until it is dragged out of the EU. As the rest of the world including the Americans warned Johnston what was going to happen. Then he tried to rip the protocol apart. That is the level of that moron. Exactly what part of that do you not understand. And if it is wrong correct it. Along with other questions I have asked you on your absolute clueless drivel. Or is it more of your nonsensical flawed premises and incorrect assertion. That you cannot correct. FFS why do I bother. Do not to forget to correct the second link. Forty times I have asked you www.politico.eu/article/northern-ireland-economy-outpace-post-brexit-britain/ukpoliticsdebate.boards.net/post/9176/threadwww.gov.scot/publications/independence-what-you-need-to-know/pages/european-union/Do you even follow the news, or do you just read nationalist rags? NI is doing so well because the UK government is refusing to implement 80% of the agreement. That is why the DUP are refusing to form a government. Once that 80% is implemented, NI is fucked. The Euro is nowhere near on parity with the pound, a pound is worth 1.17 Euros. Then there is the small matter of the Eurozone about to be hit with another Sovereign Debt Crisis. I guess you missed that from the news too? How about Germany doing its own thing and borrowing £200b? How about Hungary and Poland facing financial ruin as the EU withholds billions in funding from them? How about that little country on the news... Ukraine... that will need trillions of Euros once is joins the EU. Only an idiot at the level of Sturgeon would think joining the EU is great right now lol. Ah bless, you think you can win independence based around Anglophobia (instead of a positive vision) and then you won't have to face the consequences of what that will bring. |
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Post by jaydee on Oct 29, 2022 7:49:12 GMT
Tell me something are you on a wind up or just do stupid for something to say. It has not been revealed that Scotland's will have to join the Euro. It is a load of absolute Havering slastering drivel. Ranted by unknown sources. Another rant from project fear. Like Spain said it will veto Scotland. Spain said no such thing or did any other EU country. Why do you insist on making a total fool of yourself and believe out and out liars. With the amount of time I and others have explained this to you. You are becoming a liar. Let me make it clear again and I will explain it once more as it is like to taking to brick wall. EU law states.. that the decision as to when, or if, to include a currency in the ERM II - a pre-condition for Eurozone membership - rests entirely with individual EU member states. The currency of the EU is the Euro. ERM stands for the Exchange rate mechanism. When a country meets that criteria, and bankrupt England could not at the the moment, it can apply to join the Euro. Or at some unspecified time in the future, It does not stop a country being a member of the EU. So stop ranting the same irritating nonsense. Time after time. That is why the UK did not join the Euro. And in any case Sterling is nearly on par with the Euro on buying power. Another copy and paste for you. With minor tweeks. In terms of debt. How many times do you need telling. From the UK treasury.. Better therefore to be blunt and clear, that the full £1.4tn would stay as a liability of England, Wales and Northern Ireland - and that there would be no legal requirement on Scottish people to pay any of it. That massive English debt covid and brexit not included is now £2.7 trillion Yes that really is £2,700,000,000,000. Rising at over £5,000 per second. Which you continually ignore. And the First minister said no such thing. In the last indy ref. George Osborne foolishly stated. That the rUk would not enter into a currency union with Scotland. With the Bank of England acting as the lender of last resort. That is where Salmond made a mistake. The UK lost its AAA standing. Which never recovered. Costing the taxpayer billions. In short it was stealing UK asset. Lenders could no longer trust Westminster. At that point Salmond should have went for the Scottish Pound. But he was acting foolishly of what economists agreed, both north and south of the border it was in the best interest of the UK. www.bbc.co.uk/news/business-25712350That has now changed. It is no longer in the best interest of the UK. It is now in the best interest of Scotland. Scotland no longer trusts the wankers in Westminster. Depending on the divorce settlement will be the basis of Scotland contributing anything or nothing to the massive English debt. Now the tweek. As you go on your circular nonsense. The Bank of England after Trussoconmics is no longer just the Lender of last resort.. It is the now the buyer of Last Resorts as it had to buy up bonds to stop pension funds from crashing. That Quantitative Easing, which I just know you do not have a clue what it means in bankrupt England. Is now £895 billion towards the end of 2021, that is over and above the debt, and rising following the implementation of further QE in response to the Covid-19 crisis and its aftermath. That matey will be paid back by your grandkids grandkids grandkids as you waffle drivel and believe how wonderful the English economy is. And that matey is why the UK again lost its rating again. Downwards. Rating agency Fitch lowered the outlook for its credit rating for British government debt to “negative” from “stable” , citing risks posed by the measures announced in the chancellor’s mini-budget. As did Standards and Poor. That is why Scotland can no longer afford bankrupt England. What's next, as you insist on doing stupid. . A £70 million cock up on a ferry contract which did not cost the English taxpayer one penny. But Scotland will fall of the world as you ignore billions wasted by the Westminster wankers. The copy and paste is ready. And you still have not answered one question. Are you related to Douglas Ross |
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Post by om15 on Oct 29, 2022 16:46:34 GMT
Here is further clarification of my point made earlier, no doubt this will be written off as slastering havering lying though his teeth Jock hating rants, but the more thoughtful readers might be interested in this news update.
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Post by totheleft3 on Oct 29, 2022 17:03:25 GMT
Is future prospects Good for the pound?
The Pound has reversed all of its post-budget losses but some strategists say it could be likely to unravel again before year-end and have advocated that clients sell Sterling against the Dollar following any recovery back above 1.15, citing scope for it to fall as far back as 1.08 again in the months ahead. Sterling rose against many currencies during the opening half of the week after the Conservative Party leadership selection process was resolved with a parliamentary coronation of former Chancellor Rishi Sunak as Prime Minister and as risk appetite appeared to improve on international markets. Dollars were sold widely coming into the Wednesday session while stock indices climbed in global market developments that may have been the result of speculation about Federal Reserve (Fed) interest rates and a recently suspected intervention by the Japanese government to support the Yen. The rub for the Pound is that none of this improves the gloomy outlook for the UK economy while risk appetite would evaporate promptly if the Fed confirms next Wednesday that its hawkish policy stance remains unchanged."We've had to tone down our expectations for the extent of that rally given the strength of the USD and general conditions surrounding risk appetite," says Stephen Gallo, European head of FX strategy at BMO Capital Markets, who had expected Sterling to rally following the Prime Ministerial selection process."If the 1.15-1.17 range in cable does materialize over the very near-term, we would currently view that range as decent short entry point. Our year-end target range for cable is 1.08-1.12," Gallo wrote in a Monday research briefing.
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Post by Vinny on Oct 29, 2022 17:33:24 GMT
It's presently $1.16 that's actually quite strong.
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Post by patman post on Oct 30, 2022 13:37:04 GMT
It's presently $1.16 that's actually quite strong. Guess it’s better than 1.0697 USD on 26 Sep 2022. But having the USD worth 86 pence isn’t good — or is it…? |
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