Euro Crisis how much cash will you lose WHEN IT GOES BELLY UP?

horace_2

Spend, spend spend that is what I am doing. I am buying things which will be useful bartering items.

Baked beans, pasta. Tuna fish anyone?

h

Thrugelmir

horace wrote: »

Baked beans, pasta. Tuna fish anyone?

h

Staple diet.

Save, save, save.

What crisis?

bobbyj_2

pity there's no common sense or brains on the shelf for you to purchase.

gozomark

bobbyj wrote: »

pity there's no common sense or brains on the shelf for you to purchase.

not on the shelf, but in the chiller - value sausages anyone ?

dealer_wins

horace wrote: »

Spend, spend spend that is what I am doing. I am buying things which will be useful bartering items.

Baked beans, pasta. Tuna fish anyone?

h

If it ever got that bad then you would be killed for your baked beans LOL

Voyager2002

horace wrote: »

Spend, spend spend that is what I am doing. I am buying things which will be useful bartering items.

Baked beans, pasta. Tuna fish anyone?

h

Yes, I'm buying shares in German companies. If the Euro fails, then Germany will have its own highly-valued currency. So the value of any asset in Germany, expressed in pounds sterling, will automatically increase by a considerable amount.

Can I interest you in a few kilos of German sausage?

JonnyBravo

Voyager2002 wrote: »

Yes, I'm buying shares in German companies. If the Euro fails, then Germany will have its own highly-valued currency. So the value of any asset in Germany, expressed in pounds sterling, will automatically increase by a considerable amount.

And if it doesnt and they manage to save the euro by intervention which considerably weakens it, your exposure to the weak euro is large?

thor

I thought that the reason Germany are trying so hard to keep the euro alfloat was that they have gained much of their economic strength from trading with the european union. If that goes down the pan then the Germans are going to be screwed too.

Reaper

thor wrote: »

I thought that the reason Germany are trying so hard to keep the euro alfloat was that they have gained much of their economic strength from trading with the european union. If that goes down the pan then the Germans are going to be screwed too.

Not just that. By being in the Euro Germany has had a boom time with their exports because, being tied to weaker countries, the Euro has been trading at much lower levels than the old German Mark used to. In fact until a matter of months ago they were the world's biggest exporter ahead of even USA and China.

Having reaped the benefits for so long I feel they should not now object to paying the price, but I know they don't see it that way. Or they and France should leave the Euro so allowing it to sink in value and help the weaker countries get their economies back on track. But I can't see them doing that either as they don't want to lose their exports.

sabretoothtigger

Germany has had a boom time with their exports because, being tied to weaker countries, the Euro has been trading at much lower levels than the old German Mark used to. In fact until a matter of months ago they were the world's biggest exporter ahead of even USA and China.

Having reaped the benefits for so long I feel they should not now object to paying the price

I hear this one alot but it doesnt add up. Having a weak currency is not difficult, if they want to print off trillion notes and throw it into the streets so that the country is flooded with money they can do this easily.

There is no achievement is that. The euro being lower then German marks is not why Germany did well.

The only benefit I can tell from weak currency is that you pay the workers in that currency and it reduces your costs.

Germany exports worldwide, they might benefit more concentrating on markets able to pay their bills rather then lending money to those that cant so that they can pretend they can :laugh:


Eventually supply and demand will win out over politics and 'genius' ideas, plenty countries have very weak currency but no demand for their products or ability to procure cheaply the resource supply to their factories

lvader

sabretoothtigger wrote: »

I hear this one alot but it doesnt add up. Having a weak currency is not difficult, if they want to print off trillion notes and throw it into the streets so that the country is flooded with money they can do this easily.

Why have the likes of Japan , Switzerland and Australia struggled so much with strong currencies if it is that easy?