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Thread: The Draft agreement

  1. #331
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    Quote Originally Posted by Javert View Post
    Also you are raising a separate issue which is whether the currency is set appropriately for the regional economy, whereas I raised the scenario of a currency in continuous slow decline.
    What is continuous slow decline? - for example when we entered into the EEC the USD - GBP exchange rate was $2.35 to the Pound - now, after 4 decades of successful EU membership it is $1.27 (it was only $1.55 in Jan 2015 before the whole brexit shenanigan started)

    So is the slow decline under EU membership what you had in mind?

  2. #332
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    Quote Originally Posted by El Jefe View Post
    What is continuous slow decline? - for example when we entered into the EEC the USD - GBP exchange rate was $2.35 to the Pound - now, after 4 decades of successful EU membership it is $1.27 (it was only $1.55 in Jan 2015 before the whole brexit shenanigan started)

    So is the slow decline under EU membership what you had in mind?
    If that was true then yes, but looking at the graph of USD to GBP since 1974 it doesn't look like long term decline - most of the losses occured up to the early 1980s, since then it was going up and down in a similar range until the Brexit referendum when it went down again by the looks of it.

    But yes if this was true, I wouldn't see this as a reason to make it even worse.

    If you believe that a long term steady devaluation of your currency is a sign of a great nation heading up the global pop charts, I'm not sure what else to say.

  3. #333
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    Quote Originally Posted by Javert View Post
    If you believe that a long term steady devaluation of your currency is a sign of a great nation heading up the global pop charts, I'm not sure what else to say.
    I never said anything of the sort - simply pointing out that EU membership doesn't make much difference either way

  4. #334
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    Quote Originally Posted by El Jefe View Post
    What is continuous slow decline? - for example when we entered into the EEC the USD - GBP exchange rate was $2.35 to the Pound - now, after 4 decades of successful EU membership it is $1.27 (it was only $1.55 in Jan 2015 before the whole brexit shenanigan started)

    So is the slow decline under EU membership what you had in mind?

    Attachment 4681

    Its all lies! As you can clearly see there has been absolutely NO steady decline at all, ever.

    71BB31B2-C5FA-4B78-AFAF-CA7F37324A45.jpg

    And the GBP is in real danger only being the 4th strongest currency in the world as of Aug 2018. Even the Gibraltar Pound is 4 places higher than the USD.
    I can explain it to you, but I canít understand it for you.

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