Cyprus-Forum.com

[Maximus]

GBP flash crash. from $1.27 to $1.19 in like one day.....

And that is where Paphitis would have lost his shirt and underwear to the "house wife" traders by buying it.

[GreekIslandGirl]

Every day, more and more iron bars go up. Brits are trapped in and "others" are trapped out.

Meanwhile slave labour continues to rise as the biggest form of employment (1 Million and rising are the modish ZERO hour contracts, yeah) leaving the average household beholden to borrowing from banks (yipee) to survive or scrounging from (ever increasing) food banks to sustain their families (tralala).

Never mind - British soldiers can now kill at will and will be exempt from 'human rights" dilemmas (wowee) and get off Scott free whatever they do abroad (phew!).

And finally, if you're a foreign student expecting to pay good money for some much-touted British education - Theresa May says FUCK OFF FOREIGNER!

Poor, poor Brits! Will no one come to save them from the fascist regime ....

I've tried hard to be charitable but have at the end to say - that post is basically a howl-at-the- moon rant. Totally ga ga.

It's OK if you don't like it. Join the many with their heads buried in the sand. Maybe you can assess the fracking potential ...

See what I mean?

No, you are meaningless........

https://www.theguardian.com/environment ... tervention

'He’s rewriting the rules': locals furious at minister's fracking intervention
Campaigners in Lancashire say Sajid Javid’s decision to overrule council is an affront to local democracy.

The fascist Cons have overruled the people.

[Robin Hood]

Paphitis:

Most money creation is backed by something of value. When you take a home loan, the money created is backed by the property as Security..

Currency is backed by nothing! When you take out a loan, the new money created is in another account. YOUR DEBT is what is secured on your property .... i.e. collateral.

It doesn't just apply to property. You can borrow against other securities such as gold, Platinum, Oil, Resources and Shares.

I doubt shares in general would be accepted as secure collateral against a loan as it has no intrinsic value nothing is guaranteed. Banks like guaranteed collateral, not betting slips!

You can also borrow against your savings. for instance, you can borrow against a large term deposit with the deposit itself being held as security.

Wow .... that’s a good business strategy ........... borrow your own money from your bank and pay them interest and set up charges for the privilege. Your money is no longer yours to use, as you have used it as collateral.

All this just gives the average punter access and able to borrow in order to buy a home. it's not the Bank that creates the money but the bank and the Borrower combined.

The bank creates the new money .......... the borrower is saddled with the debt. No borrowers, no debt, no bank assets!

There is also a little thing called a ‘margin call’ which few people are aware of. If the value of your property falls below a specific debt to value ratio, the bank can demand you pay off the difference, otherwise they can repossess.

[Robin Hood]

GBP flash crash. from $1.27 to $1.19 in like one day.....

And that is where Paphitis would have lost his shirt and underwear to the "house wife" traders by buying it.

............. and it's all down to these parasitic currency traders (speculators) tripping algorithms that determine the exchange rates. It later recovered.

So Paphitis would have kept his shirt .......... but certainly had to change is underpants!

[Londonrake]

Every day, more and more iron bars go up. Brits are trapped in and "others" are trapped out.

Meanwhile slave labour continues to rise as the biggest form of employment (1 Million and rising are the modish ZERO hour contracts, yeah) leaving the average household beholden to borrowing from banks (yipee) to survive or scrounging from (ever increasing) food banks to sustain their families (tralala).

Never mind - British soldiers can now kill at will and will be exempt from 'human rights" dilemmas (wowee) and get off Scott free whatever they do abroad (phew!).

And finally, if you're a foreign student expecting to pay good money for some much-touted British education - Theresa May says FUCK OFF FOREIGNER!

Poor, poor Brits! Will no one come to save them from the fascist regime ....

I've tried hard to be charitable but have at the end to say - that post is basically a howl-at-the- moon rant. Totally ga ga.

It's OK if you don't like it. Join the many with their heads buried in the sand. Maybe you can assess the fracking potential ...

See what I mean?

No, you are meaningless........

https://www.theguardian.com/environment ... tervention

'He’s rewriting the rules': locals furious at minister's fracking intervention
Campaigners in Lancashire say Sajid Javid’s decision to overrule council is an affront to local democracy.

The fascist Cons have overruled the people.

I really entered "the fray" in here to follow the discussion and possibly post upon the Brexit situation - notably in this thread wrt Sterling. That was the OP, yes?

It would seem though that you wish to talk about Zero hour contracts, the British Army, immigration, apparently the Nationalsozialismus coup which has happened in Westminster, without my noticing and ....................... fracking? We are talking about Earth here - yes? Not planet Zorg, orbiting Antares Minor?

My I respectfully suggest that if you feel so strongly about this raft of complaints - you raise appropriate threads accordingly?

[miltiades]

The continued weakness of Sterling has been brought about by the Brexit vote. Markets and investors have no confidence in UK PLC.
We just hope that we do not enter recession soon. Theresa May has fucked up by announcing her hidden agenda, one she had whilst pretending to support the Remain campaign.

We seem to forget that we import billions more than we export, soon prices will rise bringing the dreaded inflation back in fashion.
Well folks, at least we ....now have our country back and our NHS is richer. What absolute bullocks !!

[Robin Hood]

The continued weakness of Sterling has been brought about by the Brexit vote. Markets and investors have no confidence in UK PLC.
We just hope that we do not enter recession soon. Theresa May has fucked up by announcing her hidden agenda, one she had whilst pretending to support the Remain campaign.

We seem to forget that we import billions more than we export, soon prices will rise bringing the dreaded inflation back in fashion.
Well folks, at least we ....now have our country back and our NHS is richer. What absolute bullocks !!

I thought you said you were an optimist?

[miltiades]

The continued weakness of Sterling has been brought about by the Brexit vote. Markets and investors have no confidence in UK PLC.
We just hope that we do not enter recession soon. Theresa May has fucked up by announcing her hidden agenda, one she had whilst pretending to support the Remain campaign.

We seem to forget that we import billions more than we export, soon prices will rise bringing the dreaded inflation back in fashion.
Well folks, at least we ....now have our country back and our NHS is richer. What absolute bullocks !!

I thought you said you were an optimist?

Optimist IS my second name, along with REALIST !

[Robin Hood]

The continued weakness of Sterling has been brought about by the Brexit vote. Markets and investors have no confidence in UK PLC.
We just hope that we do not enter recession soon. Theresa May has fucked up by announcing her hidden agenda, one she had whilst pretending to support the Remain campaign.

We seem to forget that we import billions more than we export, soon prices will rise bringing the dreaded inflation back in fashion.
Well folks, at least we ....now have our country back and our NHS is richer. What absolute bullocks !!

I thought you said you were an optimist?

Optimist IS my second name, along with REALIST !

No .... REALIST first ..... THEN optimism.

If I were you I would keep your eye on what is going on with Deutsch Bank! Merkel, having put the squeeze on Cyprus and Greece by refusing any favours has landed herself in the s**t. Just after the successful test of a 'bail-in' for Cyprus, the principle was enshrined in the regulations all over the World. The first ones to suffer when a bank fails are now the depositors and share holders, not the tax payers.

Now she is face with a very dodgy Deutsch Bank (and a couple of other German Banks) all with massive debts and she cannot let the ECB bail them out. (or will she?) If things go belly-up and they bail-in Deutsch Bank, the Eurozone and even the European Union itself could be in a lot of trouble. Not speculative trouble like Brexit but REAL serious trouble with huge debts that will have a negative effect, to say the least, on the Euro.

Stay optimistic ..... and remember Brexit was an invented word just like all the invented consequences that are being attributed to it.

[miltiades]

Robin, since Brexit , my loses have reached more than 100, 000 euros. Should I be rejoicing or cursing the geriatric little Englanders!!
More loses will follow, much more in fact .