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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
Putko Mafani
Cape Town, South Africa
Posted Anonymously
13 years ago
Dec 20, 2010 19:22
IMF Director touted his idea of bringing back gold. Pardon me but this is the other extreme of fiat money. Gold cannot serve as a global currency because its supply cannot follow the expansion of the World economy. If the people directing the money supply are corrupt or incompetent, this does not mean that currency system is flawed. Stalin once said: no man, no problem.
I mention it because catnip brought back Hitler today.
Gunjack
London, UK
Posts: 1184
13 years ago
Dec 20, 2010 19:15
Ignore u gna smoke a phat joint for chrimbo?
Ignore
naked Beach, Jamaica
Posted Anonymously
13 years ago
Dec 20, 2010 19:08
Closing 2 lots from 3145 + 20 x 2 lots to bring total to 1500 usd for day..

sorry to interrupt you fine gentlemans important discussions..

bye bye....sailin the morgan45...
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 20, 2010 18:59
By all means bring back gold. Gold is honest.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 20, 2010 18:50
yes yes...politics and politicians turn a culture into a nation. Btw., as swiss banker Ferdinand Lips noted, Europe had a common currency long before Euro, centuries before: gold.
Independent of silly national currencies, princedom currencies, etc. a gold coin, whether it was french or whatever, bought the same quantity and quality of goods in St Petersburg, in Hamburg in Den Haag, in Paris, in Rome, in Athens. Of course governments need fiat money
but cultures don't need fiat money.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Dec 20, 2010 18:49
I totally agree Gunjack but it demonstrates the whole thing is led by bent human ambitions, the failings of human nature. Catnip, however good a mathematician, will never change human nature.
Gunjack
London, UK
Posts: 1184
13 years ago
Dec 20, 2010 18:38
@DaveO & Catnip we let in too many weak nations into the eurozone The PIIG nations should have never been allowed in. But the greed and lust for power by the politicos and their grandiose vision in matching the US made them bring in countries not as prudent as the northern europeans. It should have always been a North Euro institution...pls tell me they don't let Turkey in next...I swear that will lead to all out war. There is enough tension in England already
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 20, 2010 18:31
DaveO
when the Roman empire conquered the british islands and encountered Stonehenge, the romans thought as they were inclined to the functional and the useful it is a green garbage recycling yard. Then a briton clarified it is a 5 o'clock pm signal giver, independent of season,
for tea break. So you see , different cultures , extreme diversity, that is the strength of Europe,
but nations is its ruin.
DaveO
UK
Posted Anonymously
13 years ago
Dec 20, 2010 18:30
If you want to make a difference, vote for genetic modification to leaders. Get rid of corruption. Large corruption is no different to small corruption times xxxx. You do not make allowance for human nature. 50% of your euroland is bone idle and the other 50% practices corruption. You do not address the underlying problems. I would rather be tasked to keep an eye on uk law-makers and leaders than a larger machine, you keep an eye on germany. And btw, our laws now permit London and uk to be filled with religious maniacs, yes terrorists. EU law imposed upon UK has been a disaster. So EU law creates exported disasters and EU financial framework creates disasters for eurozone. Do you have anything good to offer me from your euroland catnip ?

I don't mean to get personal about this, I just think you are on a hiding to nothing with your idealistic dream.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Dec 20, 2010 18:01
different cultures yes nations no