The Death of the Pound? - Page 4

Pressure to remain in europe is being made solely by two countries, France and Germany, these are the same two countries that are benefiting most from the european community.  Britain has never been part of the euro monetary system, but from it's initiation has constantly had to donate vast sums of cash to help shore up a currency that has never managed to balance it's books from day one. Britains exit from the european community is sending shock waves through the community, especially the two previous mentioned countries who would suffer extreme hardships if it goes ahead. Should the truth be told by any of the politicians, British or European, we would find that the pressure being put on the pound is one of the ways that europe is trying to halt the UK departure and to sustain the endless stream of money being pumped in to keep the euro's existence. Unfortunately, it is only a matter of time before the euro currency collapses due to the fact that it hasn't been able to support itself from day one. ( a statement made by the very man that was responsible for the euro currency.)

I agree with you.

As I have said in a previous post the Euroland banks have so much sub prime debt that once one bank fails they will fall like dominos

Germany holds most of the sub prime from selling to the southern countries, so will suffer a massive hit to its banks.

When it happens it will be so fast that the ECB will be overwhelmed.

Be careful how many euros you hold and buy pounds now,  as the pound will never be as cheap again, 

We are all guessing....only history will clarify and show whether exit or remain was correct.....in the mean time get on with life. 

There is no guesswork about the massive sub-prime debt in Euroland.

Although there is no way of knowing when the EU will disintigrate, the cracks are appearing all over the EU,  it is not guessing ...it's fact, just read the newspapers about Eastern and Southern Europe.

The German governments domination of the EU for their own ends is peverse and they want every other EU nation to be subservient to them by threatening and undermining them such as Greece, Poland and even Portugal,Ireland;  Spains goverment did as they were told also. The Southern Irish being told to vote again until they gave the right result. The British will not surrender their freedom to make their own decisions and kowtow to a German dominated EU no matter what the sacrifice.

The British are not going to give up what their forefathers gave their lives for. FREEDOM!