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How they're devaluing the pound without you knowing it

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posted on Jun, 7 2010 @ 06:21 AM
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I have a little theory. There's many people abound who think there will be a run on the pound, however that would be disastrous for all, until their precious funds have been moved to alternate vehicles.

I would suggest the deterioration in the euro is a carefully stage managed event to devalue the pound in a fashion that will not draw too much scrutiny to the single currency. As everyone knows, the two work in lockstep.

I don't mean to be rude, but when was the last time you bought anything made in the UK. Now with the financial services sector is disarray, what does the UK have left to offer the world?

edit: German imports, eg. luxury cars are doing very well in Australia even during the 'recession'.

[edit on 7-6-2010 by ppk55]




posted on Jun, 7 2010 @ 06:24 AM
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Don't know but camerons giving all the UK's money away already he really wants see us fd,

I would rather buy english made from someone I know who has made something,,, ahh the good old days



posted on Jun, 7 2010 @ 06:27 AM
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reply to post by ppk55
 


The devaluation of the Euro is due to the fact that nations are in debt, they can not longer function without selling themselves to the globalist in charge of global banks.

So they can get into more debt. . .



posted on Jun, 7 2010 @ 06:36 AM
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I don't mean to be rude, but when was the last time you bought anything made in the UK. Now with the financial services sector is disarray, what does the UK have left to offer the world?


Coranation street and westenders


All i know is the UK has as much debt in relation to GDP as greece and Greece could run to europe and the IMF and the UK can only rely up on the IMF so i'm convince the markets will turn against the pound.

You can feel the quite before the storm but make no mistake if the pound goes into meltdown then within hours both the euroe and fiat $USD will follow in a pre arrange plan to introduce the amero.

The NWO/IMP/WTO wants to introduce a personal carbon tax and for all i know the Bp spill is part of that plan and becaue the amero will be 100% digital they will know how you spend every last penney so they can bill you accordingly.

When the time comes don't be fooled and tell them to keep your money, your taxes and the police state and we the people will seize the wealth from these international bankers and we will make sure building land does not cost a army and a leg so our younger generation can have a place called home but if you think your chances are better by allowing those zionist to control your money then by all means do so.

I didn't think they needed WWIII to try and execute this plan but i'm starting to look wrong on that point.



posted on Jun, 7 2010 @ 06:36 AM
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Sorry double posted

[edit on 7-6-2010 by LieBuster]



posted on Jun, 7 2010 @ 06:52 AM
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Yeah. The UK dosnt really have much to offer to the rest of the World these days as we've ''over priced'' our-selfs.
Europe and the rest of the world would rather buy cheaply else where.
Plus, when ever someone on our Tiny Island wants to make something, we import the materials first,


- The cost of designing the product,
- The cost of importing materials,
- The cost of production,
- The cost of export/distribution,
- And the cost of marketing.

Production may be a low skilled job, but minimum wage for someone over the age of 22 in the UK is £5.80 an hour.
And im sure a lot of countrys where most goods are produced pay there work force less.

An example I can give you is how I have a Mini-Blackpool Tower statue.
Blackpool Tower is like a low budget Eiffel Tower in a dirty Sea side town up north from me in England.
Anyway, it was made in China.

Fridge magnets from Scotland, made in China.

And even a Welsh flag.. Produced in Thailand.

The only thing we can really export as a nation is our Skills and Advice, not that there really in demand these days.



posted on Jun, 7 2010 @ 07:04 AM
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reply to post by Esrom Escutcheon Esquire
 


Any monetary system link to the Euro including the pound will suffer as the Euro keeps falling.

Also BP spill has a lot to do with the pound woes of lately



posted on Jun, 7 2010 @ 07:07 AM
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reply to post by marg6043
 


yes, yes, I get that, however that's not what I'm getting at .. it's this.

I would suggest the deterioration in the euro is a carefully stage managed event to devalue the pound in a fashion that will not draw too much scrutiny to the single currency.

[edit on 7-6-2010 by ppk55]



posted on Jun, 7 2010 @ 07:14 AM
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reply to post by ppk55
 


I will see it as a conspiracy base in the fact that it was US markets the ones that created the global economic crisis that took two years to reach the Euro zone.

Yes that will make me think that it was created, been the Pound still a strong currency on its own, but remember that the reason the Pound is still strong is because UK ability to back it off with oil revenues of its many oversea drilling projects.

Just like the USD, the only reason is still alive and going is because US ability to produce oil.

Since the 70s currencies in many nations are backed by oil, or may I say, more like "economies".

I don't know if the devaluation of the pound could be an inside job or just the result of outside forces.



posted on Jun, 7 2010 @ 07:19 AM
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reply to post by marg6043
 


No small island that produces little that the world wants can survive. The exact opposite of this is Japan, although their external debt situation is dubious as well.

The turning point for the UK was when they became a net importer of energy.



posted on Jun, 7 2010 @ 07:48 AM
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Explanation: The UK will ALWAYS have the backbone of IRONY to support them... that and a cuppa T!


Adam Hills Funny Quote. [australiancomedy.net]


I was in England for three months last year, which is where I developed this routine, and there was a great moment where I was talking about various words that had made it into the dictionary, like the word 'bouncebackability'. Part of the reason it got in there was that a sporting commentator in England had said that if he used it often enough, it'd get in the dictionary. And I stood on stage in this place called High Wickham and I said that as far as I was concerned that was not an appropriate criteria for a word being in the dictionary, and this guy down the front put his hand up and said 'um, it's criterion,'" Hills laughs. "I said 'that is superb: you've picked me up on misusing the English language in a routine about the misuse of the English language,' and he said 'yes, that's called irony.'"



Personal Disclosure: Look! The POM's won bloody LORDS and the ASHES recently! That the Sterling Silver is a little tarnished pales in comparision IMO! I'd bet five quid that its their opinion as well!



posted on Jun, 7 2010 @ 10:41 AM
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reply to post by ppk55
 


My friend, the devaluation of the pound is an openly conducted strategy to help the British economy deal with it's current down-turn.
Because of this currency manipulation, British exports have dramatically increased. The ability to do this is why many people in the UK did not want to join the Euro. As we have seen, our friends in Ireland have had to give every civil servant and every benefit claimant a 20% pay cut to achieve the same goal.
In short, currency devaluation is exactly the correct strategy.

I don't know where you get your 'facts' about the UK but i suggest you review your sources. High end technical engineering is a thriving industry in the UK (and also incidentally Ireland - ever used a Dell PC? - guess where they're made).

The financial sector, while clearly important, is a small proportion of GDP and the main industries are as follows:

machine tools, industrial equipment, scientific equipment, shipbuilding, aircraft, motor vehicles and parts, electronic machinery, computers, processed metals, chemical products, coal mining, oil production, paper, food processing, textiles, clothing and other consumer goods.

The UK has the 6th largest economy in the world and the 3rd largest in Europe (behind France and Germany).

The reports of the death of the UK have been greatly exaggerated.



posted on Jun, 7 2010 @ 11:16 AM
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reply to post by sputnik
 


I don't see UK dying any more than US dying itself.

But what is getting in trouble right now, is the Euro, thankfully big trading nations are smart enough to keep their own currency current and backed by their own resources.



posted on Jun, 9 2010 @ 09:32 AM
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Originally posted by sputnik
ever used a Dell PC? - guess where they're made).


No, they're a little 'out of the market' these days.
However if you do happen to buy one .. It's most certainly not made in the UK but in china.

www.guardian.co.uk...



posted on Jun, 9 2010 @ 11:01 PM
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yea man the money system is going to crash here eventually and it will be replaced with something all new, mabe a one world currency, i hope not.



posted on Jun, 15 2010 @ 02:34 PM
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Originally posted by marg6043
reply to post by sputnik
 


I don't see UK dying any more than US dying itself.

But what is getting in trouble right now, is the Euro, thankfully big trading nations are smart enough to keep their own currency current and backed by their own resources.


Would these 'resources' be debt by any chance or are you talking about the 'resources' the IMF likes and thats how much more tax can they get from you and me without riots breaking out.

We were first in europe to base our economy on services but now every man and his dog is doing the same and north sea oil is running out and because houses cost a arm and a leg we can not compete on the manufacturing front.

if your talking about chip from the casino being a resource then yes the city is doing find and so it should be after we tax payers got stuffed by the bankers.

Do you actualy know anyone that makes anything that is exported bacause i don't.

The USA is a basket case too with europe coming in just slightly better as a whole so it will be devaluation, static wages and lower living standards or much the same as we have been seeing over the past 3 years and this is before we start to feel the effects of austerity measures.

If the UK is doing so well then how come our interest rates are lower than they were during the 1930's crash and do you think we can all be property millionhairs because i don't.

The zionists want us all on the amero and will crash the economy to try and achive this goal so that you end up paying a carbon tax directly to the IMF and it will be 100% digital so no one can dodge taxes that is used as collateral by your goverment down at the IMF when it wants another loan.



posted on Jun, 15 2010 @ 02:53 PM
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reply to post by ppk55
 


That's a surprise to me because there's a factory in Athlone, Co. Meade.
You can see it on google maps if you want - and, my brother in law works there. Perhaps it's assembly rather than manufacture?



posted on Jun, 16 2010 @ 12:45 AM
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You ATS people can come up with anything...




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