To do away with exchange rate fluctuations and the resulting costs. E.g. buying and selling currencies at forward rates. Makes goods cheaper and stabilises trading because you can calculate prices and costs more accurately. Takes away risks. For the private person saves money on currency conversion. No-one in America would advocate the individual states introducing their own currencies because of the risks and costs involved, although the wealth/ average wage of states is very different.
The EU: In, out, shake it all about.... (150 Viewers)
- Thread starter jimmyhillsfanclub
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To do away with exchange rate fluctuations and the resulting costs. E.g. buying and selling currencies at forward rates. Makes goods cheaper and stabilises trading because you can calculate prices and costs more accurately. Takes away risks. For the private person saves money on currency conversion. No-one in America would advocate the individual states introducing their own currencies because of the risks and costs involved, although the wealth/ average wage of states is very different.
Is it harder to trade with a customs union and a single market? I think it ended up exactly as planned. Great.
Grendel
Well-Known Member
You are aware that remain campaign has already been fined for breaching these rules don’t you Mart?
Don't know. If it's that bad, then the EU won't be arguing for it. As I said, they will be looking after the interests of the EU. Whatever they are. Maybe they are more than just plus and minus on the balance sheet. I don't know.
Grendel
Well-Known Member
Bingo.
So if a nation sees a severe economic downturn what’s the first thing it does to aid recovery and stimulate growth in the country?
Well, then, what's the problem? They will just get a slap on the wrist and a fine and you're happy. Let's see what happens.
Grendel
Well-Known Member
That’s not what I asked. Are you aware of that Mart?
Invest in infrastrucuture? Go the the ECB? Start an austerity programme? In a federal state they would get finance injected by the wealthier states. E.g. in Germany, Saarland always gets help from the federal government, and Bavaria always pays in from it's surplus. Solidarity.
No, I don't know about the fine, but I am not saying you made it up. I can imagine it. As I say, if Leave abusing the system is no problem, then let's see what happens next.
Grendel
Well-Known Member
No Mart they devalue the currency. Which im turn allows them to compete globally.
Germany prevents this. It fixes the currency to allow imports into weaker nations who then are at the whim of the EU bank to fix loans at a set rate. That makes them weaker still and more vulnerable and still powerless to devalue.
You really aren’t very bright are you?
Grendel
Well-Known Member
But mart you know all the facts - so why don’t you do some simple research and find such facts
Apropos.....
"Wylie says AggregateIQ targeted between 5m and 7m voters during the campaign. It did not aim advertising at everyone. It was targeting people it could persuade, he says.
He says online advertising often has a “conversion rate” of 1%.
The AIQ success rates were much higher, he says."
So, you could have a woman classed as a gay man, as you say, but overall you have a good conversion rate.
Grendel
Well-Known Member
What’s much higher mart?
The rules of the Euro, to which everyone signed up, prevent this, is what you meant. And you're telling me that I'm not bright?
As regards devaluing.... you seem to go along with Harold Wilson's " the pound in your pocket will not be affected" idea. Devalue, sell more, and the will be no negative consequences. Great. Except that only pushes the problem down the line. The countries get inflation. the import cost of raw materials for manufacturing goes up. Wages become worth less and soon the wages start to rise, the goods become more expensive and the prices rise, so another devaluation is necessary.
I think you over simplify the problem to suit your view. If it were that easy, Delaware in the states, which has structural problems, would get it's own currency and everybody would be happy. That will never happen because the States gain more by having a single currency. The Eurozone also benefits more as a whole than the negatives of a single country or some countries.
The Euro will survive, if there are closer financial ties in the Eurozone. Coordinated fiscal policies and a currency reserve bank as an insurance against a member having problems. Basically sharing the risk of a bailout if a country hits problems as you suggest.
Don't know. That wasn't my point. My point was you get loads wrong, but still acheive enough conversions. Ask Wylie.
Grendel
Well-Known Member
Christ why do I bother, I know it means they can’t and why it means the supreme power rules.
Grendel
Well-Known Member
I get loads wrong - lol. You do realise even if it was double it still means no impact - oh why bother because you still will not understand
Well actually did just get something wrong. I said „you get loads wrong“ in the sense of „one gets loads wrong“, but that sounded too posh. Still funny you concluded that you get loads wrong was meant. ( funny as in strange ). You obviously have comprehension problems. And I was quoting someone else who saying that there was a relatively low score of direct hits in advertising. How much better in the leave campaign wasn’t mentioned, but wasn’t relevant to what I was saying anyway.
There is no supreme power. That is a Faragism. Say it long enough and people believe it.
You missed the point that devaluation is not the only remedy.
Grendel
Well-Known Member
No you dimwit under euro control the option is removed and economic freedom is denied
What a fool you are
I will refrain from insulting you. I am well aware that that option is removed. I said it is not the only option and not always the best option. Which is why some countries are aligned to the euro, eg Romania and Denmark, and many others have joined the Euro. All voluntarily. But, you don’t get it do you? Economic freedom is given up to do that. And you call me dim? Ffs.
Anyway, I am on my second gin now and don’t want to start insulting you. So I will post this from another clueless and dim remainer:
London's social care services face being 'plunged into crisis' due to loss of EU workers after Brexit, Sadiq Khan warns
Good night..
Grendel
Well-Known Member
No you just don’t understand. The mark has always been strong and now would be overvalued which would make its exports more expensive.
Commonality means they as a strong nation can export with impunity across weaker nations. The weaker nations meanwhile can’t impose tariffs and as the economy worsens they borrow from a federal bank that has a lending rate dictated to by the stronger economies.
In turn they also can’t boost trade by lowering the currency on the global market. So they end up paralysed. They get poorer. This actually applies to the Med countries who are economic basket cases.
For Romania and Bulgaria it’s worse. Hyper inflation prior to euro take over has meant that wages are suppressed. It becomes an open door for the rich European capitalists to enter these countries and take advantage and therefore continue to encourage wage suppression and poverty.
The rich prosper and the weaker surrender.
Kingokings204
Well-Known Member
Ah the fruit won’t get picked again argument. We haven’t had that one in a while.
In a reverse way your article proves brexit to be right on the money so be careful to support brexit. British workers would do care home jobs if they paid well and had better working conditions but we rely on Eastern Europeans to come over and work long shitty hours for minimum wage and then go home and live 7 in a house while the big companies trouser all the profit. Disgusting really.
Astute
Well-Known Member
Exactly. But you continue to say that the EU will do what is best fir the citizens of the EU when there has been no evidence of it so far.
They used to as direct labour through the local authority till around ten years ago, anecdotal evidence on that.
Then it all got privatised and all the conditions were stripped out to the minimum wage crap they get now, or as that's had a couple of hikes, lower.
Mobile social care the same and paliative /end of life social care in the home the same .
Disgusting treatment.
dancers lance
Well-Known Member
Our National Health Service is being openly abused, anyone who has friends or family members that work within it, will know just how much. They will also be aware of what can happen to you if you dare speak out, and how protocols that are in place to stop this abuse are never followed.
Astute
Well-Known Member
As you know more than half of the money that goes into the EU each year goes to landowners and farmers to not grow anything. Many of these wouldn't anyway. This keeps the price of food up. So who benefits?
No. I don’t know that. Link?
Grendel
Well-Known Member
Says the man who links nothing but the chains of his own prejudices
Sick Boy
Super Moderator
Wasn't a key leave arguement that the EU was protecting it's own citizens and exploiting Africans? We are all more than aware how much the likes of Gove, Patel and Rees Mogg want to help those worse off.
I found something to do with the money for landowners. Scandal. No doubt it will stop when we leave...
„This racket is perhaps the strongest of all arguments for leaving the European Union, but the Brexiters’ silence resounds. Among the 13 Conservative MPs who signed an open letter last week undertaking not to cut subsidies for owning or leasing land if Britain leaves the union was Iain Duncan Smith. His wife’s family’s estate, on which he lives, receives £150,000 a year of your money, handed to them by the EU.“
So, business as usual for the leavers....?
I found an article saying 40%. Still a scandal. Funny that the Mail isn’t on to that though....
One of three things to be dealt with first before Brexit trade negotiations. EU Citizens rights, the bill and the Irish Question- Irish being EU citizens. 2 out of 3 ain’t bad.