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Posted

Aileron, that made me snort ^_^

 

Yeah i'm from Wales, that hurt me :(

 

Then the conservative leader had a big break out about it because he was born in south Wales smile.gif

 

He already hates the EU so it didn't make him happier.

 

The strangest thing was that the EU comment was that "It was a technical mistake upon our part through the use of our computers"...

 

So in otherwords they photoshopped it out or thats a bloody good technical error!!

 

Its the complete English border, no problems.

Posted
id love to know how they missed wales, although i dont think sheep can join the EU...

 

I think they were trying to give the UK a "slimmer figure", its nice to get rid of the beerbelly... however, it still seems to have quite a large !@#$%^&*...

Posted
Euros are elite. I used to think that the UK was correct to hold on to its pounds, but now I disagree. The US and Canada and Australia and New Zealand would be better off with a common currency too.
Posted

Well, all money needs to be backed. By whose standards should this be done? Should it be gold only, or should it be based on something obcure like stock? If the latter, what would happen in the event of a localised recession? Where would the gold be stored and can the one storing it be trusted?

 

How would priting be done? If the rich nations used primative presses, there would be counterfeits all over the place, but if the printing presses were advanced, then poor nations couldn't afford to print money.

 

and those are the EASY problems by any measure.

Posted
Well, all money needs to be backed. 
Money need not be backed by anything more than a promise. US currency is backed by nothing but a promise enshrined in law.

 

By whose standards should this be done?  Should it be gold only, or should it be based on something obcure like stock?  If the latter, what would happen in the event of a localised recession? 
Localised recessions (at least insofar as they affect the currency) won't happen because the currency is backed by promises from several countries rather than just 1.

 

Where would the gold be stored and can the one storing it be trusted?
This is irrelevant. In fact there isn't enough gold in existance to back all of the currency in existance. The gold standard is outdated and irrelevant.

 

How would priting be done?  If the rich nations used primative presses, there would be counterfeits all over the place, but if the printing presses were advanced, then poor nations couldn't afford to print money.
Guess what. The EU has already solved all of these problems!

 

The fact is, the Euro is working in Europe.

Posted

yeah, but European nations are now only half-sovereign, have about the same level of economy, have few geological barriers between them, don't have to worry about gold storage (they all stored it in Switzerland before), and actually had benefits from doing this, and many other things. Most off, they had actual need. European countries are small and contain many borders, citizens could easily cross national borders daily.

 

 

How would the US benefit? We have two countries bordering us, and a ton of terrirtory. Under what cir!@#$%^&*stances would a person living in Kansas need a universal currency so bad that we should tear the whole worldwide currency system apart and start anew.

 

Atleast Canada, Mexico, Japan, Australia, China, Argentina, Brazil, and every island nation is in the same boat. The citizens in these countries don't travel to other nations routinely. As a matter of fact, travelling to other countries routenly is something unique to Europe.

 

 

 

Put it this way...If its not broke, don't fix it. Our current currency system is running fine.

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