Sunday 14 February 2010

Currency Values

The Euro belonged and belongs to no nation, to no people, to no society, to no culture. Therefore, no nation, no people, no society, no culture cared what became of it, or cares what becomes of it. It embodies no one, nowhere and nothing, so that everyone, everywhere treats it as nothing. We see the results.

To an extent, something similar happened to the Unconservatives' new metric pound in the 1970s. But even that was still the pound sterling, so people eventually grew used to it and even fond of it. No one will ever really grow used to the Euro, and no one will ever grow remotely fond of it. Not that they will now need to, since it is finished.

Portugal, Ireland, Italy, Greece, Spain and everywhere else should resume issuing their own respective currencies, each with its own name and festooned with appropriate national symbols. However, those and other countries fixing its value, as one of them did into the 1980s, to that of a friendly state's more reliable currency. That could of course be the dollar, but that would entail an extremely one-sided relationship, and that with a country having a very different cultural view of the economic roles of the community in general and the State in particular.

So the solution is simple: a resumption in the Irish case, an adoption in the other cases, of a distinctive national currency, respected accordingly by the people at large, with its value fixed permanently at that of the pound sterling.

10 comments:

  1. What about the East Caribbean Dollar? It is used by several territories, two of which are still British possessions (so why not Sterling) and one is a Republic (so do not get Queeny involved).

    You ignoramous.

    Not to mention the CFA Franc which is still tied to the old French Franc.

    Surprised you have not advocated a similar thing for former British posseesions with your eccentric colonialist agenda-----------

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  2. "What about the East Caribbean Dollar?"

    I'd get rid of that tomorrow. Naked expansionism by the country founded on the premise that it would include all British territory in the Americas, from the Arctic to Barbados. They have been pressing that claim ever since, most recently by sending Guantanamo Bay detainees to our Overseas Territories without asking us first.

    "Not to mention the CFA Franc which is still tied to the old French Franc"

    And is the possible means into bringing back "the old French franc" (that actually means something else, but never mindm dear), as is going to have to happen now that they Euro is falling apart.

    Why do you hate Britain so much? And what is it about America that you find so attractive? It is never the good things with people like you. You just prefer Disney World, because you can't cope with anything more demanding. Thank God that we no longer have such a person as Prime Minister.

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  3. A lot of people in la France profonde still count in old francs even now. Yet no one in Britain still counts in old pounds, do they? Possibly a few very old people, but no one else.

    La France profonde is so much more profonde than any Angleterre profonde, more is the pity.

    Are you taking notes, Chunga?

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  4. High Tory anti-Americanism, there has always been a touch of it on the Old Labour right wing. It also accounts for the posh Left eg Tony Benn and Tam Dalyell.

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  5. It's not anti-American, it's pro-British.

    And less of the "right wing", please. We are the people who delivered the Welfare State, workers' rights, consumer protection, progressive taxation, full employment, local government services, and public ownership.

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  6. Chunga doesn't take notes, Michel. He spouts any old rubbish and then everyone else weeps with joy at how clever he is, or else. That is the only life that he has ever known and he cannot begin to conceive of anything else.

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  7. Perhaps he should apply to one of the three parties to be a parliamentary candidate? Or, indeed, to all of them. No doubt, he has already done so.

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  8. What you say is true, David. Here in Canada, a link up of our dollar with sterling is just what we need to protect our sovereignty and culture.

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  9. What is Chunga's point about the CFA franc?

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  10. He doesn't know that one himself, Anonymous 13:52. His is the sort of "write all you know about" style that The Aberdonian sometimes goes in for.

    But Chunga knows nothing about anything, although he could doubtless produce pieces of paper to "prove" the contrary, thus proving my point.

    Bring back grammar schools, and rid us of the likes of Chunga.

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