(June 29, 2016 at 9:49 am)Tiberius Wrote: Didn't I say "I don't care to get into a stupid semantics argument with you"? End result for me is the same: either way, I've lost money. So people in this thread who are saying that the money isn't "gone" and it'll "recover" are spreading bullshit. For me to recover the amount of money that I'd have lost, the pound would have to recover to more than the value it was at previously, and stay there.
I didn't say you care, nor did I say that I'm unsympathetic to any hardship you & Shell may legitimately face in the immediate future. The only point I wanted to make was that Forex is volatile and that the GBP was already overvalued. I'm not at all suggesting the currency will "recover" to the state that I just said was overvalued any-time soon (that would be disingenuous). But I would point out the AUD has fallen more (albeit over 3 years) with no volatile influences on "our end". At the end of the day free markets are free and will move, it will benefit some and, as in your case, disbenefit others.
The value of money is completely metaphysical (arbitrary) anyway. It is in the eye of the beholder. It is literally minted at will by worldwide governments to be used as a trading commodity against other trading commodities. As I mentioned before it is my opinion and you can disagree that you have not lost any money, but in saying that I want to be respectful and I hope you understand I mean that from my philosophy and understanding of economics - which I freely admit isn't great. I kind of look at it as a human fallacy to believe that systems well outside of their individual controls should stay "stable". I hope Tib you will agree to disagree.
For Religion & Health see:[/b][/size] Williams & Sternthal. (2007). Spirituality, religion and health: Evidence and research directions. Med. J. Aust., 186(10), S47-S50. -LINK
The WIN/Gallup End of Year Survey 2013 found the US was perceived to be the greatest threat to world peace by a huge margin, with 24% of respondents fearful of the US followed by: 8% for Pakistan, and 6% for China. This was followed by 5% each for: Afghanistan, Iran, Israel, North Korea. -LINK
"That's disgusting. There were clean athletes out there that have had their whole careers ruined by people like Lance Armstrong who just bended thoughts to fit their circumstances. He didn't look up cheating because he wanted to stop, he wanted to justify what he was doing and to keep that continuing on." - Nicole Cooke
The WIN/Gallup End of Year Survey 2013 found the US was perceived to be the greatest threat to world peace by a huge margin, with 24% of respondents fearful of the US followed by: 8% for Pakistan, and 6% for China. This was followed by 5% each for: Afghanistan, Iran, Israel, North Korea. -LINK
"That's disgusting. There were clean athletes out there that have had their whole careers ruined by people like Lance Armstrong who just bended thoughts to fit their circumstances. He didn't look up cheating because he wanted to stop, he wanted to justify what he was doing and to keep that continuing on." - Nicole Cooke
