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Very true, unfortunately, pooling money between a few economically well developed countries and quite a few economically bunk countries does not work well for t
by NetTechM 10y ago
Very true, unfortunately, pooling money between a few economically well developed countries and quite a few economically bunk countries does not work well for those whose money was actually worth something in the first place.
- toomuchtodo 10y agoAre talking about the pound? Because it doesn't appear like its worth much now. https://twitter.com/DavidInglesTV/status/746192676085600256 https://twitter.com/DavidInglesTV/status/746192676085600256 > This is something we've never seen, chances are you'll never see again Pound just collapses 13% vs. the Yen #Brexit https://twitter.com/MatthewPhillips/status/746189646841978880 https://twitter.com/MatthewPhillips/status/74618964684197888... > Wow. The £ is down 8.4%. Currencies are not supposed to do that. (1% move is considered massive.)
- NetTechM 10y agoCompared to just prior to joining the EU, the pound is down nearly 100%, since they were at about 2.50 USD the year they joined and that was prior to massive inflation. I think the bigger picture is eluding some people in the face of shiny doomsday articles.