old English gents are you worried

[whiteman]

With the likely hood of a hung government on the horizon in Briton do you still have faith in the Pound  or are you looking at going back to live in a tent in Thailand?

Edited June 9, 2017 by whiteman

[transam]

I don't rent, why will l need a tent....?

[Kwasaki]

Could please explain what your point of discussion or are just referring someone in your position. 

[NanLaew]

4 hours ago, whiteman said:

With the likely hood of a hung government on the horizon in Briton do you still have faith in the Pound  or are you looking at going back to live in a tent in Thailand?

What? And give up my tent in Milton Keynes?

[swissie]

Old English Gents (from the old school) never worry about anything.

- They show up for high-tea on time.
- They walk and never run.
- They face the world with a stiff upper lip (if necessary).

But a dying breed, some say.
Cheers.

[GuiseppeD]

4 minutes ago, swissie said:

- They face the world with a stiff upper lip (if necessary).

Agreed, always have a stiffy.  

[bbi1]

5 minutes ago, GuiseppeD said:

Agreed, always have a stiffy.  

 

6 hours ago, NanLaew said:

What? And give up my tent in Milton Keynes?

Geez, the well hung British government are having a stiffy and popping a tent in Milton Keynes 

[Watchful]

The OP asked about "faith in the pound". Interesting question with Labour gaining so much ground in the recent vote. Somewhere I read that Labour wants to spend/borrow $250 billion on stimulus/infrastructure.

 

If Labour continues to make gains this may become a reality. Think about it, once again politicians are going to "spend our way to prosperity". The only potential outcome of this disastrous policy is continued weakening of the pound and the enriching of politicians who let the contracts.

[bbi1]

7 minutes ago, Watchful said:

The OP asked about "faith in the pound". Interesting question with Labour gaining so much ground in the recent vote. Somewhere I read that Labour wants to spend/borrow $250 billion on stimulus/infrastructure.

 

If Labour continues to make gains this may become a reality. Think about it, once again politicians are going to "spend our way to prosperity". The only potential outcome of this disastrous policy is continued weakening of the pound and the enriching of politicians who let the contracts.

Well, if you're well hung while having a stiffy and popping a tent, I'd havef faith  you will be able to pound a girl when the time's right.

[marko kok prong]

Down from 45 to 43.4 according to xe ,does make a difference on larger sums of money from uk.

[Ace of Pop]

Brits here don't rely on Government Handouts that I know. will only affect the ones who didn't plan alternative pensions, or gave too much away to The Locals.


Sent from my iPhone using Thaivisa Connect

[whatawonderfulday]

2 hours ago, Watchful said:

The OP asked about "faith in the pound". Interesting question with Labour gaining so much ground in the recent vote. Somewhere I read that Labour wants to spend/borrow $250 billion on stimulus/infrastructure.

 

If Labour continues to make gains this may become a reality. Think about it, once again politicians are going to "spend our way to prosperity". The only potential outcome of this disastrous policy is continued weakening of the pound and the enriching of politicians who let the contracts.

Considering how much the pound has lost in value since the conservative/Liberal con artists were in power 7 years ago run by the Cameron/Clegg duo , and has since been compounded by the incompetent T May , I would look forward to any well balanced socialist leaning government prepared to look after the disadvantaged, elderly and even importantly allowing our next generation to have free university places.  We need this next generation to get the UK back where it belongs.  we do not need those borne with a silver spoon or into wealthy families to rape and pillage the UK any further.  Thatcher started the decline and every government since, Labour or conservative, has not stopped it. Of course Tony Blair was not really a true labourite,  just a selfite .

 

The current PM has not only lost the confidence of her own party she has lost the entire world's financial confidence.  The longer she and her aloof cronies stay in power the more the pound will become further devalued.

Edited June 10, 2017 by whatawonderfulday

[Kwasaki]

1 hour ago, marko kok prong said:

Down from 45 to 43.4 according to xe ,does make a difference on larger sums of money from uk.

Of course it will affect the larger amounts but can get a better rate over certain amounts with banks if that still happens with money exchanges.

l reckon with my limited knowledge of money markets it will stay around 43 - 45 for the next 10 years and excuse the pun May-be. 

[steven100]

I see on the news that the pound has crashed .....   it's not lookin good.

[chickenslegs]

11 hours ago, steven100 said:

I see on the news that the pound has crashed .....   it's not lookin good.

News sources like to get your 'clicks'.

 

"Crashed" is when you have to take a wheelbarrow of bank notes to the shops to buy a bottle of milk and a loaf of bread.

 

A drop from 44THB to 43THB is not "crashed".

 

[Watchful]

18 hours ago, whatawonderfulday said:

Considering how much the pound has lost in value since the conservative/Liberal con artists were in power 7 years ago run by the Cameron/Clegg duo , and has since been compounded by the incompetent T May , I would look forward to any well balanced socialist leaning government prepared to look after the disadvantaged, elderly and even importantly allowing our next generation to have free university places.  We need this next generation to get the UK back where it belongs.  we do not need those borne with a silver spoon or into wealthy families to rape and pillage the UK any further.  Thatcher started the decline and every government since, Labour or conservative, has not stopped it. Of course Tony Blair was not really a true labourite,  just a selfite .

 

The current PM has not only lost the confidence of her own party she has lost the entire world's financial confidence.  The longer she and her aloof cronies stay in power the more the pound will become further devalued.

Problem of course with "free university" is that it is NOT free. Somebody has to pay.

 

The days of using corporations as the piggy bank to fund these "give aways" is long over. In short, capital goes to where it is treated best.  Raise corporate taxes and you can kiss them and all the jobs they have goodbye.

 

So this leaves you with three options:

1. Raises personnel income taxes - what political will campaign on this?

2. Cut pensions and other government handouts - same problem as above

3. Borrow money and leave the payments to future generations - Ahhh the preferred solution of cowardly politicians

 

Huge problem with massive borrowing is it means the printing of money and results in a DOWNWARD spiral for the pound. There is simply no escaping the inevitable if you increase borrowing.

 

 

Edited June 10, 2017 by Watchful

[whatawonderfulday]

33 minutes ago, Watchful said:

Problem of course with "free university" is that it is NOT free. Somebody has to pay.

 

The days of using corporations as the piggy bank to fund these "give aways" is long over. In short, capital goes to where it is treated best.  Raise corporate taxes and you can kiss them and all the jobs they have goodbye.

 

So this leaves you with three options:

1. Raises personnel income taxes - what political will campaign on this?

2. Cut pensions and other government handouts - same problem as above

3. Borrow money and leave the payments to future generations - Ahhh the preferred solution of cowardly politicians

 

Huge problem with massive borrowing is it means the printing of money and results in a DOWNWARD spiral for the pound. There is simply no escaping the inevitable if you increase borrowing.

 

 

Printing money ,  in the trillions, called QE , is the root cause of the problems we have Today and for generations to come.  Printing money endlessly, like the world  and the UK had never experienced before, was solely to ensure the corporate rapists continue to support the Tories,  allowing bankers to still award themselves millions, to the detriment of the working class people.

 

This  is a good example as to why your final statement is the only sensible argument you have put forward in your diatribe. The rest  is  just greedy capitalist fodder that is repeated time and time again by others just to  justify the failures of the last 30 years or so of poor UK governments.

 

Capitalism is fine, but needs a conscience also. Harold Macmillan in my opinion was the only prime minister in my lifetime who respected not only the importance of helping the common folk ( look at his record on house building ) and restoring the countries finances by regulated capitalism.

 

Thatcher deregulated most things in cahoots  with that idiot Reagan and the stupidity of that,  and the effects it has had, is a millstone around the necks of the UK and will be for generations to come.   Many things wrong with the EU I agree, but many of their countries at least have a form of socialist conservatism that pays dividends in terms of welfare of their population  and brings with it economical stability.  Unlike the UK currently who are financially a basket case led by possibly the most incompetent PM since Harold Wilson. 

[Been there done that]

On 6/10/2017 at 7:11 AM, Kwasaki said:

Of course it will affect the larger amounts but can get a better rate over certain amounts with banks if that still happens with money exchanges.

l reckon with my limited knowledge of money markets it will stay around 43 - 45 for the next 10 years and excuse the pun May-be. 

Not only of money markets.

[catman20]

On 6/9/2017 at 0:40 PM, transam said:

I don't rent, why will l need a tent....?

 TRANS your back we have all missed you. ban finished ?

[catman20]

On 6/10/2017 at 0:14 PM, steven100 said:

I see on the news that the pound has crashed .....   it's not lookin good.

no point in worrying about things that are out of ones control.

[hocuspocus]

4 minutes ago, catman20 said:

no point in worrying about things that are out of ones control.

I will just cut down on the number of bar girl drinks that I buy and that should balance things out.

[KarenBravo]

On 6/10/2017 at 11:50 AM, whatawonderfulday said:

The current PM has not only lost the confidence of her own party she has lost the entire world's financial confidence.  The longer she and her aloof cronies stay in power the more the pound will become further devalued.

Nope. It was the British voting public that lost the "world's financial confidence".

Just look at what Sterling did on the day the result was announced to see the truth.

[steven100]

15 minutes ago, hocuspocus said:

I will just cut down on the number of bar girl drinks that I buy and that should balance things out.

so instead of buying 2 girl drinks a week you'll now only buy 1 .... 

[catman20]

Just now, steven100 said:

so instead of buying 2 girl drinks a week you'll now only buy 1 .... 

i wouldn't buy them any 

[transam]

28 minutes ago, catman20 said:

 TRANS your back we have all missed you. ban finished ?

Eh, I ain't been banned or suspended, why would you think that.....?

 

I have been a good boy for quite a long time....

[theoldgit]

Whilst it's good to see that many of us with incomes from the UK aren't unduly concerned over the prospect of further massive reductions in the value of Sterling, some people are, many of whom are really beginning to feel the pinch.

Whilst most of my closer friends have no immediate plans to change their lifestyle, some have no option but to do so, three of my closest friends have reached the tipping point and are planning to return to the UK in the coming weeks

[whatawonderfulday]

2 minutes ago, KarenBravo said:

Nope. It was the British voting public that lost the "world's financial confidence".

Just look at what Sterling did on the day the result was announced to see the truth.

Like many you are simply in denial of the facts.  Prior to banking deregulation by the Thatcher thieves in 1979 it stood at 2.05 to US $. Prior to the stupidity and inept economics of the Cameroon/Clegg administration the pound stood at 1.55. Prior to this latest election on 7th June it  slumped to 1.17 and time of writing it now stands at 1.29 after recovering from the post election debacle.

 

Incompetence breeds uncertainty and that is why this government has been the driver for the fall in the pound.   People vote on the basis of information given to them.  Misleading information spouted by both main parties prior to the referendum was perhaps the driver for the Bexit vote.   It was the government of the day who were responsible for the fall in the pound, and still are for the chaotic mess with the UK economy.  And guess what ?  it is going to get a lot worse soon due to May's incompetence ,  you going to blame that on the voting public as well ?

 

[steven100]

33 minutes ago, theoldgit said:

Whilst it's good to see that many of us with incomes from the UK aren't unduly concerned over the prospect of further massive reductions in the value of Sterling, some people are, many of whom are really beginning to feel the pinch.

Whilst most of my closer friends have no immediate plans to change their lifestyle, some have no option but to do so, three of my closest friends have reached the tipping point and are planning to return to the UK in the coming weeks

is that like '  no money no honey '   ....  

[Estrada]

The GBP has fallen from B56.24 to 1GBP since the Act of Parliament was passed in 2015 to have the Brexit referendum, it is now at B43.34 to 1GBP, a fall of 23%. Friends who voted for Brexit told me, after the  pound dropped like a stone, not to worry as it would recover within 3 weeks of last June's vote. After we lost 20% of our pension receipts after the vote, friends who voted for Brexit said that they did not care as it was worth it to avoid being under Sharia Law. The fact is that the fall in the value of the pound is only now beginning to bite hard due to the cost of imported  foods, materials etc and the rise in cost of foreign holidays, business  trips.  This is only the begining and you can expect the GBP to fall around B41 whilst the UK has a hung Parliament due to Mayhem. Eventually the GBP could end up at B35 during the Brexit negotiations and the rise in the value of the THB.

[Watchful]

1 hour ago, whatawonderfulday said:

Like many you are simply in denial of the facts.  Prior to banking deregulation by the Thatcher thieves in 1979 it stood at 2.05 to US $. Prior to the stupidity and inept economics of the Cameroon/Clegg administration the pound stood at 1.55. Prior to this latest election on 7th June it  slumped to 1.17 and time of writing it now stands at 1.29 after recovering from the post election debacle.

 

Incompetence breeds uncertainty and that is why this government has been the driver for the fall in the pound.   People vote on the basis of information given to them.  Misleading information spouted by both main parties prior to the referendum was perhaps the driver for the Bexit vote.   It was the government of the day who were responsible for the fall in the pound, and still are for the chaotic mess with the UK economy.  And guess what ?  it is going to get a lot worse soon due to May's incompetence ,  you going to blame that on the voting public as well ?

 

May's days are number according to members in her own party. According to your theory, once she is gone the pound will what ... return?

 

You are completely under estimating the ascension of the Labour party. This party is gaining ground on the promise of "free stuff" (increased welfare handouts, free uni education, etc) with no way to pay for it other than borrowing and printing money. The currency speculators pay attention not to politics, but to monetary policy.

 

In short, I believe KarenBravo is reading the results accurately. It's the UK voters supporting an unsustainable monetary policy than is causing them to dump pounds.

Edited June 12, 2017 by Watchful
Spelling - Android strikes again