E U. Should we stay or should we leave.

[big_cod]

Poor Big Clod Barry, do you expect him to answer any question? Seeing the adults having a discussion about Turkey, (A Topic he started) you might think he might chip in with something credible to add, but nope, exactly the same, he posts some rambling drivel straight from the media, be it social or otherwise, adds some badly constructed comment that would not survive proof reading by a ten year old and the circle begins again, very sad really.

Can you explain why the pound had lost over 20% of its value straight after the brexit vote .

Edited October 25, 2017 by big_cod

[chesters1]

Can you explain why the pound had lost over 20% of its value straight after the brexit vote .

Because people will buy it low and sell it high

The £ is still a £ (look at it theres not a bit missing) speculators use brexit as an excuse to drop its value so they can buy it ,when it rises again they will sell it ,(hopefully in their case at a great profit)

We are controlled by companies ,in this case stock exchanges !

Just gambling by gamblers after a quick buck ,everyone will get on the brexit bandwagon if they sniff a bit of money

If the result was remain i have no doubt that would be used as an excuse to make money ,perhaps it would have dropped lower?

 

If you want to see if its all bluff watch the gold price if it shoots up troubles really happening

 

Also remember nothing has changed concerning the EU we are still members until 2019 ,if the markets get more excuses it could drop lower in their need of money ,it could shoot up its all down to whispers and excuse to manipulate things so they make money

Edited October 25, 2017 by chesters1

[big_cod]

Because people will buy it low and sell it high

The £ is still a £ (look at it theres not a bit missing) speculators use brexit as an excuse to drop its value so they can buy it ,when it rises again they will sell it ,(hopefully in their case at a great profit)

We are controlled by companies ,in this case stock exchanges !

Just gambling by gamblers after a quick buck ,everyone will get on the brexit bandwagon if they sniff a bit of money

If the result was remain i have no doubt that would be used as an excuse to make money ,perhaps it would have dropped lower?

 

If you want to see if its all bluff watch the gold price if it shoots up troubles really happening

 

Also remember nothing has changed concerning the EU we are still members until 2019 ,if the markets get more excuses it could drop lower in their need of money ,it could shoot up its all down to whispers and excuse to manipulate things so they make money

 

Nothing to do with economic uncertainty then .

[chesters1]

Nothing to do with economic uncertainty then .

How can that make money less in your pocket ,them damn humans are behind it ,the more uncertainty they can dream up the more they make.

Its basically free money if you gamble right the hedge fund lot love it they can win (or lose) fortunes very easily on investments or in reality gambling

Edited October 25, 2017 by chesters1

[big_cod]

Well MPS will have the final say on brexit going to be very interesting.

[Phone]

Chesters1,

 

In the U.S. the stock market boys are small fish or institutional buyers for small fish. The whales are into commodities.

 

Phone

[Huge_Vitae]

Chesters1,

 

In the U.S. the stock market boys are small fish or institutional buyers for small fish. The whales are into commodities.

 

Phone

The point Chesters is making is to counter Clod's persistent doom & gloom postings regarding the value of sterling.

 

And that is, as in all things, for every person crying over the rate fall there are people smiling! An awful lot of the fluctuations are simply due to no other factor than people, institutions and even Countries making or losing money by playing a huge game of poker.

 

It should also be noted that the low exchange rate benefits the UK, or rather the Govt. the man in the street pays more but the Govt makes more.

 

If I borrow £1,000 off you Phone and the £ falls by 50% how much do I owe you? (For simplicity 0% interest)

Edited October 26, 2017 by Huge_Vitae

[big_cod]

The point Chesters is making is to counter Clod's persistent doom & gloom postings regarding the value of sterling.

 

And that is, as in all things, for every person crying over the rate fall there are people smiling! An awful lot of the fluctuations are simply due to no other factor than people, institutions and even Countries making or losing money by playing a huge game of poker.

 

It should also be noted that the low exchange rate benefits the UK, or rather the Govt. the man in the street pays more but the Govt makes more.

 

If I borrow £1,000 off you Phone and the £ falls by 50% how much do I owe you? (For simplicity 0% interest)

We lets say a family with 3 kids saved for 3 years to take them away to Disneyland goes to change his hard earned cash and finds his money is worth 25% less now I would feel totally **** off no doom and gloom just the reality of voting brexit because no other factors involved maybe you thinks its great but believe me Millions are not which reflect massively if there was a another referendum do not count your chickens yet .

Edited October 26, 2017 by big_cod

[Huge_Vitae]

We lets say a family with 3 kids saved for 3 years to take them away to Disneyland goes to change his hard earned cash and finds his money is worth 25% less now I would feel totally **** off no doom and gloom just the reality of voting brexit because no other factors involved maybe you thinks its great but believe me Millions are not which reflect massively if there was a another referendum do not count your chickens yet .

You answer the question then, If Phone (in the US) lends me (in the UK) £1,000 and the £ falls by 50% against the $ how much do I owe him?

[snakey1]

We lets say a family with 3 kids saved for 3 years to take them away to Disneyland goes to change his hard earned cash and finds his money is worth 25% less now I would feel totally **** off no doom and gloom just the reality of voting brexit because no other factors involved maybe you thinks its great but believe me Millions are not which reflect massively if there was a another referendum do not count your chickens yet .

Well that's just the way of the world I've been to South Africa on a number of occasions and the rand has varied from 10zar to the pound to 23zar to the pound and its had bugger all to do with brexit, if you travel abroad you just have to suck it up and realize exchange rates vary from one day to the next. sometimes you win others you lose.