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ArishMell · 70-79, M
Why would we want to do that? We would still be buying goods and services in Britain in Sterling. We'd only convert any money to Euros for travelling in Euro countries - as we do now.
When President of France, Charles de Gaulle opposed Britain joining what was then the European Economic Community (never '[i]The[/i] Common Market', as Edward Heath deceitfully called it, although [i]a[/i] 'common market' in lower case is one of its principles). He recognised it would not suit us because he saw the UK is socially, politically, legally and economically so very different from the rest of the European nations.
He may also have recognised most Britons would not want to be in an EEC whose ultimate aim then and now despite the changed name, and as Heath knew and supported at the time, is to become a single nation like the USA. This aim is no secret but always played down by successive British Governments; and is unique in the 90 or so truly-international organisations and treaties of which the UK is an active member or signatory - Britain is hardly "isolationist"! (Some EU Directives are its enactments of the legal requirements agreed by some of those world-wide bodies and treaties.)
The full name of the EU is unwieldy but revealing. It is the "European Union of the Cities and Regions".
When President of France, Charles de Gaulle opposed Britain joining what was then the European Economic Community (never '[i]The[/i] Common Market', as Edward Heath deceitfully called it, although [i]a[/i] 'common market' in lower case is one of its principles). He recognised it would not suit us because he saw the UK is socially, politically, legally and economically so very different from the rest of the European nations.
He may also have recognised most Britons would not want to be in an EEC whose ultimate aim then and now despite the changed name, and as Heath knew and supported at the time, is to become a single nation like the USA. This aim is no secret but always played down by successive British Governments; and is unique in the 90 or so truly-international organisations and treaties of which the UK is an active member or signatory - Britain is hardly "isolationist"! (Some EU Directives are its enactments of the legal requirements agreed by some of those world-wide bodies and treaties.)
The full name of the EU is unwieldy but revealing. It is the "European Union of the Cities and Regions".
ArishMell · 70-79, M
@SW-User Highly speculative - no doubt the Canary Wharf, Wall St., etc. parasites who gamble on buying and selling others' money are already on the ball there, but it does need considerable financial acumen to be fairly sure it pays off.
What's the effect of a lot of that sort of gambling on genuine investors though, (in businesses they want to succeed, or in pensions and savings schemes, etc.)?
What's the effect of a lot of that sort of gambling on genuine investors though, (in businesses they want to succeed, or in pensions and savings schemes, etc.)?
SW-User
@ArishMell I pointed out earlier in the thread you needed to have made the decision before the referendum. My dollar investments have made a fortune as the pound has fallen.
With predictions of $1.10 if we get no deal. I'll leave them in NYC until at least 1st November.
With predictions of $1.10 if we get no deal. I'll leave them in NYC until at least 1st November.
ArishMell · 70-79, M
@SW-User Ah, OK. I defer to your greater financial ability.
It's all beyond me, and in such cases it's easier and safer to keep things as simple as possible. Hence I let their respective trustees look after my company pensions and a set of employee-shares in a former employer.
It's all beyond me, and in such cases it's easier and safer to keep things as simple as possible. Hence I let their respective trustees look after my company pensions and a set of employee-shares in a former employer.