BREXIT; GBP takes a "pounding"
- Thread starter raghupb
- Start date
Yes.. GBP 1 @ Rs. 91 today vs. 100 yesterday and before. Expected to down more in a few days. Good time to buy music from UK.
Regret I bought a Pink Floyd LP day before yesterday @ 105 conversion rate from Amazon
Regret I bought a Pink Floyd LP day before yesterday @ 105 conversion rate from Amazon
Amitkg
Active Member
Sense of schadenfreude pervades; and it's evident. It would be more beneficial if our Rupee becomes stronger against all major currency. US$ is almost equal to 68 INR. BREXIT or #Rexit or any other Exit is not going to help us. :sad:
johnysamajhdar
Member
When will the GBP will reach to 50-60 
.... LOL
.... LOLWhen will the GBP will reach to 50-60
That was the scenario till around 2012. Rupee against dollar also was around 45-50 mark. Cant believe how rapidly rupee fell and its staying there. GBP has depreciated against dollar to a 30yr low mark but not much change against rupee as its value against dollar is stuck!
Thad E Ginathom
Well-Known Member
My living money is in rupees, but my shopping money is in GBP .
Just for the record: I think that the European Court should rule that the British people are too stupid to have voted on it this issue and so the referendum is null and void.
Reminder... I am British, so I am entitled to be that rude about my own country!
.Just for the record: I think that the European Court should rule that the British people are too stupid to have voted on it this issue and so the referendum is null and void.
Reminder... I am British, so I am entitled to be that rude about my own country!
panditji
Well-Known Member
I would prefer Brexit as it should make the pound and the euro cheaper against the rupee... As someone said on Facebook, the British have used their last trick of dividing themselves and ruling...
That was a good one!
That's broadly what evolutionary biologist Richard Dawkins seems to be implying also - that it was "irresponsible" for David Cameron to have called a referendum on this issue, apparently because the majority opinion of the people doesn't count for squat. While I agree that the majority could be mistaken, in a democracy they're nevertheless entitled to govern themselves in accordance with their opinion. If they're mistaken, they'll eventually find out on their own, and maybe reverse course.
(Brexit may be broadly compared with the Peasants' Revolt of 1381 - which was caused, among other things, by excessive taxation to fund wars elsewhere:
https://en.wikipedia.org/wiki/Peasants'_Revolt
The Peasants' anger was directed mainly at the City (of London), and large portions of it were pillaged and sacked, much like earlier sackings of the City, like the one by Queen Boudica (aka Boadicea) of the Iceni, a Celtic tribe, in 60 AD. The erstwhile Iceni territory (present-day Norfolk) has generally voted to "leave", by a large margin.)
Anyway, better Brexit than bloodshed.
M
mpw
Guest
the silly thing in this " referendum " is that even 1 vote margin was acceptable to decide weather to LEAVE or REMAIN.
Nobody expected to BREXIT to pan out the way it did.
Maybe they should have put a 10% difference in votes to decide either way so that the referendum gives out the voice of the vast majority rather than what has happened now.
Thats why fastening seat-belts is always such a good idea !
:lol:
You never know when you need them.
Nobody expected to BREXIT to pan out the way it did.
Maybe they should have put a 10% difference in votes to decide either way so that the referendum gives out the voice of the vast majority rather than what has happened now.
Thats why fastening seat-belts is always such a good idea !
:lol:
You never know when you need them.
regeHA
Well-Known Member
Democracy wins.
All said and done the EU is not a democracy, it's a monopoly. Maybe if they had a system where they voted for EU leaders/policy makers every 5 or 8 years it would have been better.
All said and done the EU is not a democracy, it's a monopoly. Maybe if they had a system where they voted for EU leaders/policy makers every 5 or 8 years it would have been better.
M
mpw
Guest
the brits have voted under a referendum whose premise was a very simple question but with complicated answers which only time can give.
people have voted... but it is yet to be seen weather democracy wins..
There will be victory if the british make it out of the EU and make their own future without succumbing to racial and other tensions.
That will be a true victory but at the moment it looks so far away.
regards
regeHA
Well-Known Member
M
mpw
Guest
Right way ??
On this massively important question..?
Many think they goofed up bigtime.
The story of shekhchili ( pardon the translation ) is an oft quoted story of how not to cut the branch of the tree one sits on.
Nevermind popular opinion
On this massively important question..?
Many think they goofed up bigtime.
The story of shekhchili ( pardon the translation ) is an oft quoted story of how not to cut the branch of the tree one sits on.
Nevermind popular opinion
regeHA
Well-Known Member
The Brexit issues are mainly 2 fold. Money going out to other nations and immigrants coming in and taking local jobs... most of them not even having English language skills.
The Indian-MNS-Raj Thackeray way is to beat all the migrant workers from Uttar Prades, Bihar, etc.
PS: I'm not saying they did the right thing or the wrong thing. History will judge/prove them on that. But they at least did it the right way by using their vote. I'm applauding that aspect of their character that voted instead of ganging up and resorting to sectarian violence like we do it here.
krishnamurthy
Active Member
When basket countries (Greece, portugal) were added to EU, what do you expect? The rest of EU keep sending ton of money to keep them afloat. The donor countries have to cut corners somewhere. Then new countries (Estonia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Slovakia and Slovenia) are quite poor, so in essence they keep getting free funds. Moreover, the EU agreement stipulates no restrictions on other EU citizens moving to UK and working there, however the non-EU nations quota is only 100k. There are 1 million polish people in UK right now, which is quite high. It is so high that indian grocery stores in some areas of UK are adding a Polish section or are completely opening stores to serve Poles interests only. UK sends in total 8.5 billion GBP/year to EU than it gets back (they send 13 billion and get 4.5 billion back)
EU itself is flawed. The Northern european countries should have been part of the EU and no-one else. You cannot run EU with so many weak links (16).
EU itself is flawed. The Northern european countries should have been part of the EU and no-one else. You cannot run EU with so many weak links (16).
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Money going out? What does it even mean?
Still living in the era of Mercantilism? (https://en.wikipedia.org/wiki/Mercantilism) which has been proved and demonstrated to be a wrong idea altogether.
Well Europe has asked UK to move it fast if they really want to exit and not to wait for 3 months to pass the regulation. Experts are saying even though they have voted for exit, it will be extremely difficult to implement it.
Majority of people who voted for Brexit don't even know whereabouts of it. Also voting pattern says that people more than 60 years are more interested in exit than younger people. Will be interesting to see what comes out of it.
Majority of people who voted for Brexit don't even know whereabouts of it. Also voting pattern says that people more than 60 years are more interested in exit than younger people. Will be interesting to see what comes out of it.
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