The Euro may be the last "contemporary currency" to "die". What will be used on "the other side" as money... I don't know.

Why would the Euro be the last contemparcy currency to die.

What could possibly 'kill' the RMB? NZD? or AUD?

Yes the UK and US are screwed with silly levels of debt and no obvious economic powerhouse to re-start things. But I don't buy this 'currency domino's' argument and have infact never seen it clearly articulated.

So please, how does the RMB currency issued by a massive totalitarian dictatorship 'collapse' unless China itself implodes in another revolution?

What is going to cause NZ and Aus (two countries with relatively low debt, the ability to feed themselves and vast reserves of natural resources). To see a currency collapse?

See it more as: "my bet is that the euro will be the last to fall, when currencies fall". I didn't do uber calculations to come to this conclusion.

Boding, you are absolutely right:

Timeline: Britain's acceptance of the euro is the secret worldwide signal that they are going to totally trash the dollar for the illuminaty. at that moment all holdings in dollars will be sold as far as possible and it will tank to worthlessness.

That is the signal to introduce the digital cash system.

(precedence: Another secret signal was given to the world that the complete control of political forces in america would be signalled by the new president of the US taking an oath facing the washington memorial obelisk. The President would take the oath of office facing the Washington Monument for the first time. The first time such an event took place was at the inauguration in 1981. )

At that time they said the soviet union was "done"

But she isn't "done". They will be undone. They miscalculated the arabs and the communists.

When the digital curency is introduced the worldwide use of the Euro will collapse and the europeans will join the one world currency. So there is no safe holdings, first the dollar will go, then the euro will go in quick succession. It will be much quicker than you think. The euro countries in the e union will be at war with each other and uniting in this dollar will "suddenly stop all wars" for a moment. (Why?
Well, all wars are fomented by the luminaty and when they meet the objective all their fomenting will stop. Palestine will settle down, Bosnia/herz will peace out, african cleansing will stop and it will appear to be at peace because the fomenters immediately desist. It will look like the ages of peace, they almost have their goal... but wait.

But when they say peace and safety, I will say, look out! Here comes the bear! Wounded bears are extremly deadly.

I'll accept a certain level of conspiracy...but the direction of the inauguration in 1981 conspiracy is just too much.

Reagan was the governor of California and he loved his home state. He wanted to face his home state during his inauguration.

Doesn't that sound a tiny bit more plausible than the president signaling his domination by the global Illuminati by facing an obelisk?

If the truth is too much for you, it is going to unfold the same way anyway.

Just watch.

I'm constantly amazed by the utter retardation of some of the posters at this board, and no Tyler, I'm certainly not talking about you.

:: ::

Though I guess it would be in the interest of Britain to fix their currency to the euro at a time when the pound is weak, as this will bolster the competitivity of British business.

The big blessing here in Sweden during the crisis has been the strengthening of the dollar which has bolstered our industry in general and our dollar dependent forestry and paper industry in particular.

Sure, the oil import bill has risen relatively, but with oil back at $50 that doesn't matter much.

Also, the collapse in oil prices have driven coal prices down which means power is cheap again. Of course, if we hadn't deregulated our power market 13 years ago, power would be permanently cheap as we have no coal plants in the country, and power prices would be independent from fossil fuel prices.

As a matter of fact, the lower energy costs are very good for the forest/paper/pulp industry too. A paper mill I visited had a power consumption of 350(!) MW and on top of that it needed 200 MW high temperature heat. A single bloody building. That's about as much high quality energy as our smallest nuclear reactor produces.


O1 is 491 MW and O2 is 617 MW.


O3 is 1194 MW and will be uprated to 1450 MW next year.

PS. Just for the hell of it, here's the entire 2302 MW plant.

I'm living in Britain right now, and I think this country is becoming a really interesting natural experience on Peak Oil.

Britain was, until 2001 or 2002 (don't remember) an oil exporter. I produced oil in the North Sea and so got a very interesting source of revenue there.

Remember: the reason for someone to want to have your currency (increasing demand, sending the price up) is to buy stuff from you; first Britain was an industrial country, then it exported oil and that drove the price up.

Overvalued currency is essentially a tax on your exports. Makes life miserable for anyone trying to buy your things. So, they buy things from someone else. That means a lot of industries in Britain went bust, and might go a long way into explaining the rise of the financial services as an engine of the economy: you had to make money out of something!

Then Britain hit Peak Oil. Production in the North Sea has been declining steadily and the pound, all of a sudden, was overvalued. Now the financial crisis is hitting hard, and there will be more bloodshed. I expect Britain won't drop the pound that easily, but joining the Euro now seems like a very tempting option.

Rather than joining the Euro, maybe Britain should go back to the old LSD system, it sure was fun with all the different names for things:

*English Currency terms (pre decimalisation)
LSD 'Librae, solidi, denarii': Pound, Shilling, Pence
pound 20 shillings, originally the value of a pound weight of silver
shilling 12 pence (now 5 p)
pence plural of penny
d symbol for penny [from Lat. 'dinarii']
£ symbol for a pound [from Lat. 'librae']
s symbol for shilling [from Lat. 'solidi']

angel an old English coin (6s.8d to 10s.) bearing the figure of an angel
bender (slang) a sixpence
bob (slang) a shilling. pl. 'bob' [Prob not O.Fr bobe = 1 «d]
broadpiece a 17th century 20 shilling coin
copper (slang) 1 penny
crown 5 shillings (now 25 p)
dandiprat a silver three-halfpenny piece
double florin see florin
farden same as farthing
farding same as farthing
farthing 1/4 penny. Not legal tender since Jan 1961
florin 2 shillings (now about 17 p). A silver or cupronickel coin, first minted in 1849 (Double florin, a 4s piece, first coined, 1887)
geordie a guinea, from the figure of St.George
groat n. an English silver coin, worth fourpence - after 1662 coined only as maundy money - the silver fourpenny-piece, coined 1836-56, was not officially called a groat [O.L.G. 'grote', or
Du, 'groot', lit. great, ie. thick]
grawt an earlier spelling of groat.
guinea an obsolete English gold coin first made of gold brought from Guinea, in Africa; its final value 21s.
half-crown 2 / 6 d (now 12,5 p)
ha'pence for halfpence
ha'penny for halfpence
hap'orth for halfpennyworth
mark (obs) a weight of 8 ounces (for gold and silver); (obs) its value in money at 20 pennies to an ounce = 13s. 4d (2/3 pound)
mancus an old English coin or its value, thirty pence
magpie (slang) a halfpenny
merk the old Scots mark or 13s 4d Scots, 13 1/3d. sterling
noble a gold coin worth 6s.8d. sterling.
obolus in Middle Ages applied to various small coins, as the English halfpenny
portcullis an Elizabethan silver halfpenny with a portcullis on the reverse
quid (slang) a pound
rose-noble an old English gold coin with the figure of a rose.
rial a coin of various kinds - an old English gold coin worth about ten shillings, a spanish real, and others
ryal see 'rial'
sceat see 'sceatt'
sceatt a small silver (or gold) coin of Old English times.
sceattas pl of 'sceatt'
sixpence a coin worth six pence
sovereign a gold coin from Henry VII to Charles I, worth 22s 6d to 10s., from 1817 a pound]
spade guinea a guinea with spade shaped shield, coined 1787-99
spur-rial see spur-royal
spur-royal a former English fifteen shilling piece of gold, bearing a star like a spur-rowel (spiked wheel on a spur).
spur-ryal see spur-royal
sterling (obs) an old English silver penny: English, Scottish or British money of standard value [prob. a coin with a star - O.E. 'steorra', star - some early Norman pennies being so marked]
tanner (slang) a sixpence
tenner (slang) a ten pound note
tester a sixpence
three-farthing a silver coin of Queen Elizabeth, distinguished from a penny by a rose behind the queen's head.
threepence a coin worth three pence
three penny bit a coin worth three pence
thruppence coll. for threepence
tuppence coll. for twopence
unicorn an old Scottish gold coin, bearing a unicorn, worth 18shillings
unit an English gold coin of James I, worth 20 shillings, later 22s.

Invest in tinfoil hats now, boys! The sky's the limit!

I really think Britain should. It would round out the euro, add Britain's strength to the currency, and eliminate the exchange risk and bank skim off of transactions. Most of Britain's business is with other EU countries, so really, it's just cutting out the middlemen.

That actually reminds me...




As for Britain joining the Euro: I'm not a specialist in Macroeconomics or anything, but I think that, economically, it made sense to stay out of it as long as they had oil to export, and make a mint out of it. It's declining, so it could be a good time now, as someone said, to join and try to make a good deal.

Politically... I don't know if Britain's ready for it. There's plenty of backlash around here to that idea, this is still a country that considers itself one of the greatest individual powers of the world. Plus, the next prime minister is probably going to be a Conservative, and they are, I think, more euro-sceptics that Labour. Also, people around here enjoy the fact that their money is worth more to have a subsidy on imports. I don't think they'd like to do it.

Also, it's great to have your own Central Bank and go around making your own policy without some technocrat in Brussels or whatever tell you what to do. The Chancellor of the Exchecker and the President of the Bank of England can work closely with the Prime Minister to come up with fast answers to problems without having to account for what Trichet & Friends think about it.

Yeah... someone needs to tell 'em all "welcome to 1950; it's over".

Not me!

I'm an alien, I'm a legal alien... I'm a Portuguese in England.