Wave Goodbye to Independent Currency

BBC - Pound hits new low against Euro

(Image: You might not be seeing much more of that one on the right, if its value collapses further.)

Nobody was too bothered when Mr Brown sold off our nation's gold reserves back around the turn of the millennium (and at the bottom of the market, may I say).

But then again, if our currency has not been backed by gold for over half a century, who cares? It's just worthless paper promises anyway. But at least we might have had enough of what is now an important commodity, what with real money being worthless.

And now it looks like the pound is going to fall below the value of the Euro. I could be wrong here, but do we not have the strongest currency in the world? Or at least the developed world? It was the main reason we didn't want to join the Euro, and have refused to do so ever since.

Britain being the least prepared of the 'developed' nations for the current economic disaster, will unfortunately be the legacy of 12 years of Labour party control. And the gold reserve sale is part of that. So is the crippling quantity of government borrowing during the 'good times'.


-PUTS ON CONSPIRACY 'NUT JOB' HAT-

Of course, there is another explanation, other than that Blair and Brown are clueless. They are all Bilderberger group attendees, and therefore possibly subscribants to NWO type thinking.

(Image: The inside of a London cab. Seen left to right: Spying, Globalisation, Nanny State. Or, to the uninformed, "Passenger Notice: CCTV", "Euros Accepted", "Wear Your Seatbelt".)

Every incompetent action by the UK government in the last ten years could be perceived as a deliberate attempt to undermine our currency, and therefore hold up the Euro as a solution.

We are knee-deep in EU bureaucratic regulation already. Most of our laws are EU-determined, and our government just nods and enforces the will of Brussels. We didn't even get to vote on the Lisbon treaty, a repackaged version of the defeated EU Constitution which Labour promised a democratic decision on during the 2005 elections.

The strength of the Pound is both a source of national pride, and a significant reason for not joining the Euro. Intentional or not, the collapse in the Pound's value will help take another step toward Britain becoming part of a single European state.

Yard by yard, walk the thousand mile road, towards One World Government.