Non - General Election

SlowDownDerek said:
I can't understand things for you Jim. Anyway, tell us some more about your extensive understanding of what currencies are, I love that stuff. ;)
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A currency is a medium of exchange, such as money, banknotes, and coins. In Europe, the most commonly used currency is the euro (used by 25 countries); any country entering the European Union (EU) is expected to join the eurozone when they meet the five convergence criteria. The UK and Denmark are the only EU members which have been granted an exemption from using the euro. Sweden has also not adopted the Euro, although unlike Denmark, it has not formally opted out; instead, it fails to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro. For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria.
The pound sterling, used by the United Kingdom, is rated at fourth on Investopedia's list of the top 8 most tradable currencies, saying that it is a "little bit more volatile than the euro". It was ranked just ahead of the Swiss franc, ranked fifth, which is used in Switzerland and Liechtenstein, saying that the set up of the Swiss banking "emphasizes the economic and financial stability policies dictated by the governing board of the SNB". Both are in the top 8 major currencies on Bloomberg.
Several countries use currencies which translate as "crown": the Czech koruna, the Norwegian krone, the Danish krone, the Icelandic króna, and the Swedish krona.
https://en.wikipedia.org/wiki/List_of_currencies_in_Europe
 
JIMNNINA said:
A currency is a medium of exchange, such as money, banknotes, and coins. In Europe, the most commonly used currency is the euro (used by 25 countries); any country entering the European Union (EU) is expected to join the eurozone when they meet the five convergence criteria. The UK and Denmark are the only EU members which have been granted an exemption from using the euro. Sweden has also not adopted the Euro, although unlike Denmark, it has not formally opted out; instead, it fails to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro. For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria.
The pound sterling, used by the United Kingdom, is rated at fourth on Investopedia's list of the top 8 most tradable currencies, saying that it is a "little bit more volatile than the euro". It was ranked just ahead of the Swiss franc, ranked fifth, which is used in Switzerland and Liechtenstein, saying that the set up of the Swiss banking "emphasizes the economic and financial stability policies dictated by the governing board of the SNB". Both are in the top 8 major currencies on Bloomberg.
Several countries use currencies which translate as "crown": the Czech koruna, the Norwegian krone, the Danish krone, the Icelandic króna, and the Swedish krona.
https://en.wikipedia.org/wiki/List_of_currencies_in_Europe
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So there's more to it than the actual name of the currency then? :unsure:

JIMNNINA said:
So whats the big deal about calling the currency euro rather than sterling?
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SDD - you posted at 5.21 8th Sept that I posted unsubstantiated b*llox re: topple our nation's way of life and to back it up.
I am not deeply interested in politics, but here goes.....
I think the UK is a capitalistic society, with people wanting homes in which to live ( as a major priority), food, jobs etc and the best for their families. I call this the nation's way of life. I do not think this is McD's thinking....
In 2006 he said that Marx, Lenin,and Trotsky were his most significant influences, and in 2013stated " I'm a Marxist"
From the OED or Websters, definitions are:
Marxism...The Govt. should control all resources and means of production to ensure equality.
Trotskyism....worldwide revolution by the proletariat
Leninism....The revolutionary communist party shall be a dictatorship whereby the working class holds the power in the transfer from capitalism to socialism, there shall be no private ownership.
I may be wrong and simplistic but , to me, I think this is the Opposition's policy as supported by McD.
I disagree with it. I worked hard and now benefit from my efforts. I consider that McD's view is that all wealth accruing to the country should be shared by all. Presumably this means the wealth creators, as well as the lazy sods who claim every benefit possible whilst sat on their bums.
That's what I mean by 'topple our nation's way of life'
I respect your right to disagree with my viewpoint if you feel I am wrong .
Sorry if it reads a bit disjointed, but I'm sure you get the gist of this posting.
 
"working hard for rewards"

there are lots of people that work hard doing all sorts of caring, cleaning etc - but they get bugger all "financial" reward. Indeed, every day is a struggle to survive, physically & mentally. the way we value work & reward, is one of the many things that is terribly wrong with our current rewards system.
 
Layers and Lawyers:

Thousands of those who know best , laying layers and layers of advice..All from Party based interest.
Meanwhile....No F#cker in Brussels... For Sorting the Sh#t !

But: Things are....now going on in Courts....Lawyers aint Cheap..AND ..they aint Fast! ..
Delay in Layers.

More ?... with chips and side salad ?
. and would you like to see the Desert Menu?

So ...Where Is We.?

We are at Dean Court...we are 2-1 v Everton...95 minute...and we are fiddling at
the far corner flag !
 
paulfrank said:
SDD - you posted at 5.21 8th Sept that I posted unsubstantiated b*llox re: topple our nation's way of life and to back it up.
I am not deeply interested in politics, but here goes.....
I think the UK is a capitalistic society, with people wanting homes in which to live ( as a major priority), food, jobs etc and the best for their families. I call this the nation's way of life. I do not think this is McD's thinking....
In 2006 he said that Marx, Lenin,and Trotsky were his most significant influences, and in 2013stated " I'm a Marxist"
From the OED or Websters, definitions are:
Marxism...The Govt. should control all resources and means of production to ensure equality.
Trotskyism....worldwide revolution by the proletariat
Leninism....The revolutionary communist party shall be a dictatorship whereby the working class holds the power in the transfer from capitalism to socialism, there shall be no private ownership.
I may be wrong and simplistic but , to me, I think this is the Opposition's policy as supported by McD.
I disagree with it. I worked hard and now benefit from my efforts. I consider that McD's view is that all wealth accruing to the country should be shared by all. Presumably this means the wealth creators, as well as the lazy sods who claim every benefit possible whilst sat on their bums.
That's what I mean by 'topple our nation's way of life'
I respect your right to disagree with my viewpoint if you feel I am wrong .
Sorry if it reads a bit disjointed, but I'm sure you get the gist of this posting.
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I do disagree with a lot of this Paul but full respect for this response, which is more respectful than I was in my initial reply to you (and for which I've been admonished by others). I would clarify that it was intended as an attack on the content of your post rather than a personal attack, despite my language probably being a bit ott. These political threads can be a bit of a bear pit at times and I'm definitely as guilty as anyone else for that.

Well I'm no expert in John McDonnell's thoughts either but I do agree with him that there are fundamental flaws with the present capitalist system that will eventually cause it's demise.

Unfortunately for youngsters starting their careers today there just aren't the same opportunities that people in their 60s or even those like me in their 30s (just) had. It takes 15-20 years longer for the average person to be able to buy a house, I say house but it's more likely to be a small flat that they can afford. This means they miss out on house price growth for 15 years and it's only getting worse. Kids that work just as hard as you or I will simply not get the rewards we did for their efforts and that is a massive problem for capitalism going forward. Throw in climate change and technological advances and we're going to need a better system whether the "wealth creators" like it or not.
 
wellsworld said:
"working hard for rewards"

there are lots of people that work hard doing all sorts of caring, cleaning etc - but they get bugger all "financial" reward. Indeed, every day is a struggle to survive, physically & mentally. the way we value work & reward, is one of the many things that is terribly wrong with our current rewards system.
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Powerful post...interesting....very true....and a Massive proportion of the population would identify with that!
 
BillMcgarrycherry said:
Layers and Lawyers:

Thousands of those who know best , laying layers and layers of advice..All from Party based interest.
Meanwhile....No F#cker in Brussels... For Sorting the Sh#t !

But: Things are....now going on in Courts....Lawyers aint Cheap..AND ..they aint Fast! ..
Delay in Layers.

More ?... with chips and side salad ?
. and would you like to see the Desert Menu?

So ...Where Is We.?

We are at Dean Court...we are 2-1 v Everton...95 minute...and we are fiddling at
the far corner flag !
Click to expand...
Didn't hear it all but caught a snippet of it on 5 live. .....if we don't come out on the 31st......it will cost this country a billion pounds a month till its sorted
:eek!::eek!::eek!:
 
JIMNNINA said:
No not really, the currency reflects the economy not the other way round, the trading off of one currency against another does nothing to increase the nations productivity and efficiency.
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Does it really? :unsure: And what about the ability of a currency area to determine it's own monetary policy to offset the effects of economic shocks?

Now I'm not saying you're oversimplifying this Jim but there has been rather a lot of academic work written on the subject of optimal currency areas, the nuances of which don't really come across in your posts on the issue.
 
SlowDownDerek said:
Does it really? :unsure: And what about the ability of a currency area to determine it's own monetary policy to offset the effects of economic shocks?

Now I'm not saying you're oversimplifying this Jim but there has been rather a lot of academic work written on the subject of optimal currency areas, the nuances of which don't really come across in your posts on the issue.
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Always interesting to know the agenda and funding sources for research.
Its not nuanced, its an artificial demand and supply get rich quick industry if you bet the right horse, not conducive to balanced long term planning.
Monetary policy at the local level is currency independent, its about dividing out the cake. The lack of funding for schools etc isn't because the currency is called sterling rather than crowns or doubloons.
 
JIMNNINA said:
Always interesting to know the agenda and funding sources for research.
Its not nuanced, its an artificial demand and supply get rich quick industry if you bet the right horse, not conducive to balanced long term planning.
Monetary policy at the local level is currency independent, its about dividing out the cake. The lack of funding for schools etc isn't because the currency is called sterling rather than crowns or doubloons.
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For someone who started your day off by calling me stupid you're not doing yourself many favours tbh Jim.

Monetary policy for the UK is set by the Bank of England based on what is best for the United Kingdom. Whether it is independent or not (which, let's face it, is debatable for a start) the UK having it's own currency allows it to tailor it's monetary policy to it's specific needs. It impacts all of the things you mention by boosting or slowing the economy.

Here you go:

https://en.wikipedia.org/wiki/Monetary_policy?wprov=sfla1
 
RobTrent said:
Please say something new. Like Corbyn just expelled 21 of his ministers for doing something he's recently done. Oh, hang on...
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Corbyn has ministers?
I believe 21 ex ministers, have had the whip withdrawn in the HoC. No expulsions.
 
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