2002-04-21 She is right! They can't hold out for long. The truth that the BWMA and UKIP don't want the public to know is that the businesses, which control the flow of money is using the Euro in secret. They are supporting it in secret. In the long term, this will have an effect on the value of the pound sterling, and it won't be the businesses who will lose out. It will be the little guy who listened to the BWMA and UKIP and held onto pounds. The euro is starting to climb in value again. It has spent 2 days over 89 � US.
There is no fundamental reason why the Canadian dollar is "weak". The reason it has a decreasing value is that the world economy doesn't want to deal in it. They look at North America and they see US dollars and work in that currency, even when dealing with Canada. Canada would be better off it got rid of the Canadian dollar and used the US dollar (or Euro) instead. The reason Canada isn't in bad shape yet is because so many of its economic institutions already use the US dollar in secret. And who is hurt by the low value Canadian dollar? These businesses? Nope! The Canadian consumer and tax payer is. Those Europeans who think that holding on to old currencies is something to be proud of will find themselves someday holding a bunch of worthless paper and coins. But, none of the people in control in the countries in the euro-waiting zone are going to listen to the hold-backs for long. They will jump ship when the time is right for them. And a lot sooner than we think. As the world goes more and more global, it will be seen that redundancy (either in currencies or countries themselves) will be looked at as a debit and not an asset. Those who are big and have a unified currency will control those who are small and have a local currency. We are entering a new age, like it or not! John ----- Original Message ----- From: "Ezra Steinberg" <[EMAIL PROTECTED]> To: "U.S. Metric Association" <[EMAIL PROTECTED]> Sent: Sunday, 2002-04-21 12:21 Subject: [USMA:19551] UK Metrication and the Euro > Just received these thoughts from a woman I know who lives outside of > London. > Tells the tale all too tellingly, I think ... > > Ezra > > =================================================== > > You're right about the Metrication issue. Anybody of my age or younger (I > will > be 41 next month) has been taught the Metric system since the age of 5. On > leaving school we have to discover the mysteries - and learn- the Imperial > system! Do you realise how mad it actually is here? Take the industry I > work > in. I calculate fuel volume in litres, speed in miles per hour but > distances > in kilometers. The price of fuel is pence per litre but consumption is > calculated in miles per gallon! > > Last year I would work daily with prices offuel in 6 or 7 major European > currencies > and have to convert the comparisonsin Sterling. As I work for a German > company, > all internal information, figures > etc is/was in German and the Deutsch Mark. Of course, since the launch of > the > Euro, it has been wonderful. I can now work solely in one currency. Prices > do > not deed to be converted. In fact, my UK customers now work soley in Euros > and > the majority of them have opened Euro bank accounts and pay their invoices > in > Euros. How does our government think it can survive by remaining outside of > > Euroland? Everything we do as a country is dictated by the Euro. >
