Britain must be punished for Brexit, says France
In response to: Brussels needs to make clear that 'leaving union is more damaging than remaining', says French PM in call for sanctions over fishing war
The Daily Telegraph.The French PM has now realised how much his country depended on the UK so rather than negotiate he throws his toys out of the pram.
The French have a history of poking bears with a stick then running away when the bear stands up.
One has to wonder what will happen to France and Germany when other counties follow the UK's lead and leave the EU?
Bit of advice if you have Euros is to sell them quickly as the Euro is destined to collapse within the next 12 months.
Comments (18)
I'm with Uk on this one.
In T we trust!
So I cannot fathom how you perceive going down with America will strengthen the quid/peso your heading for long before 748 million people in 50 countries that make up the EU group of nations
Where did I say the UK will go down with the US?
The UK has a sovereign currency, namely the UK sterling and as such has no interest in the Euro.
In all your waffle you forgot to mention that we (UK) voted to join the Common Market, not an EU, but some lame PM decided without any input from the UK's population to agree to the EU.
The Blair administration then handed all the UK's power to the EU commission on a false promise he would be made the first EU president.
As far as I can see the EU is just a way to put more money and power into Germany/France. The very fact the EU is trying to destroy the UK for daring to leave is reason enough for the rest to leave.
As it happens, I left Kenya to get educated in the UK, so nothing whatsoever with it being tough.
As it happens, I left Kenya to get educated in the UK, so nothing whatsoever with it being tough."
Ohhhh, I get it now. So you left Kenya to get educated? Probably a dumb question but even a liberal lefty like yourself might understand the following convoluted question. If you're so left inclined, shouldn't you go back to Kenya and teach? Or is that beyond you as you preach from the pulpit.??
Do you drink champagne from your dizzying heights or is that only reserved for socialists?
Do you know which side your bread is buttered on or do you just throw crumbs to all and sundry that listen to your hypocrisy. You're hilarious mate.
But thank you for your comment, it is appreciated.
The Swiss franc has historically been considered a safe-haven currency, with a legal requirement that a minimum of 40% be backed by gold reserves. However, this link to gold, which dated from the 1920s, was terminated on 1 May 2000 following a referendum. By March 2005, following a gold-selling program, the Swiss National Bank held 1,290 tonnes of gold in reserves, which equated to 20% of its assets.
In November 2014, the referendum on the "Swiss Gold Initiative", which proposed a restoration of 20% gold backing for the Swiss franc, was voted down. WIKI
Oh Ok thank you Conrad
So the Swiss governments held back 20% of the gold in reserve. That still the case?
It has become just another Fiat-Currrency!
I understood from your first reply the Frank is not underwritten by Gold. And I accept that no problem but the Swiss Bank maintains the world's 8th largest official gold reserves, with holdings of 1040 tonnes of gold. These gold reserves are owned by the State but held by the Swiss National Bank (SNB).
So in effect its the same thing the State holds tons in reserve e.g.
Under Switzerland’s national gold reserve policy, the Swiss National Bank (SNB) holds and manages Switzerland’s gold reserves. This policy is derived from the Swiss Federal Constitution which grants the SNB its independence and mandate. Article 99 of the Constitution requires that the SNB hold sufficient currency reserves / foreign exchange reserves, part of which must be in the form of gold according to this site:
Which underwrites Swiss Frank to the tune of about =% whatever that is. e.g.
There are about 47 million 1,000 franc notes in circulation, amounting to 10.5 percent of the number and 62 percent of the value of all banknotes in Switzerland, according to the SNB.5 Mar 2019
The Swiss Gold Initiative or ‘Save our Swiss Gold’ campaign was a Federal popular initiative launched by members of the Swiss People’s Party (SVP) in 2011 with the intention of altering the Swiss Federal Constitution.
The “Gold Initiative”, full name “A Swiss Initiative to Secure the Swiss National Bank’s Gold Reserves”, culminated with a referendum on 30 November 2014 which asked the Swiss population to vote on three proposals concerning Switzerland’s national gold reserves:
The gold of the Swiss National Bank must be stored physically in Switzerland
The Swiss National Bank does not have the right to sell its gold reserves
The Swiss National Bank must hold at least twenty percent (20%) of its total assets in gold.
Although the referendum was not successful and did not get the required majority of votes on the day, it did force the Swiss National Bank to divulge a lot more information about the Swiss gold reserves than it ever otherwise would have revealed, and also showed up the SNB to be inconsistent in its continual excuses for opposing the referendum motions.
When i asked you a few years ago I felt uneasy about your expressed opinion that time to.
I have visited their three times was not long after thirteen months in Vietnam that had caused a few troubles in de’head.
Kind folks I met on a beach in NZ showed me another path I decided to follow. I traveled across the world round and round three times and on each occasion I visited Switzerland.
Each time was during winter and of course broke I hitched around washed dishes in a small village called Bivio high up in the mountains.
Bivio Julier Pass (2284 m) is a mountain pass in Switzerland and during winter was of course covered in snow. I think today it is a Ski resort however in early 1970’s was small village where farmers (good people ) and there cows waited out the winter mostly drinking snaps and singing till the wee small hours.
Also I stayed in Gyrenbad a small village near Hinwil, each day I fed, removed the stikstof, daily I brushed 27 Brown Swiss cows, drank snaps and taught spoken english to most of young people in the village. Good people.
You're a good man, most vets are
I remain in Her Majesties NZ armed forces, the army, longest severing soldier in NZ recorded history...
Last picture shows cows that were let out to play in the snow, otherwise they spend the whole winter inside big barn. When i was there it was owned by someone living in Zurich. The cows Brown Swiss DNA goes to Afghanistan, stayed inside 24/7 I got to feed & brush each cow every day, and in exchange food, shelter and money which i was extremely grateful for.
The middle picture displayingb a big green tiled square has bed on left side looking at image. Was recently photographed inside Peter & families house nearby neighbors not far from the farm with the big barn.
The picture displays a very large fire box, not sure how it was built, but tiles cover concrete, the bed is a slab of concrete (EOE) its quite a large fire (two or three fence posts size lumps of wood) is lite in the kitchen and the absorbed by the mass of heat by concrete/rocks (dunno) the box was built of, it radiates heat out for about 24 hours enough heat that heats a two/three story house.
Underneath the area in front of the fire box (when i was there) few cows lived, they were milked and the milk was sold to the village butter/cheese/yogurt maker, they also generated heat that warmed the house...