How to make pounds into just papers

7 réponses [Dernière contribution]
panties
Hors ligne
A rejoint: 02/02/2021

Hello
Given that you want to make British poubds into just papers as soon as possible, and you have power to do that, how do you do that?
This is a serious question. And I am in hurry. No joke or troll please, really.
And if it is possible, is that possible in Saturday?
It seems that Forex markets are closed all in the world at this moments.
But I am in hurry.
Thank you for your support.

panties
Hors ligne
A rejoint: 02/02/2021

Sorry, typo
British panties → British pounds (British currency)

andyprough
Hors ligne
A rejoint: 02/12/2015

>"Given that you want to make British poubds into just papers as soon as possible, and you have power to do that, how do you do that?"

With a pair of scissors?

panties
Hors ligne
A rejoint: 02/02/2021

But how?
The point and purpose here is to extremely lower the value of Great british pounds.
Like 1$ = 100000000000000 pounds
I think you are misunderstanding something.

andyprough
Hors ligne
A rejoint: 02/12/2015

>"The point and purpose here is to extremely lower the value of Great british pounds.
Like 1$ = 100000000000000 pounds”

Oh I see. All you have to do is gather up a few trillion pounds to yourself, and then you can set the price.

panties
Hors ligne
A rejoint: 02/02/2021

Humm, I see. Thanks! May I ask few more?
First of all, when I own 5 trillion pounds, the amount of pound sterling in circulation in England will decrease considerably. How will England deal with the situation?
Second, I think that if I just own the pound instead of selling it, the value of the pound in the market will be almost the same as before, is that correct?
Finally, suppose I sell the pound at a tenth of its previous price. Suppose I want to sell 5 trillion pounds in one go. How do you think the market will react?

PS: About the last question. I know very little about buying and selling in the market, but it's the reaction of the market when I disclose an offer to the market to sell at this price, not after selling, meaning I still own the pound.

andyprough
Hors ligne
A rejoint: 02/12/2015

>"First of all, when I own 5 trillion pounds, the amount of pound sterling in circulation in England will decrease considerably. How will England deal with the situation?"

They will probably arrest you and throw you in a dungeon in the Tower of London and make you eat rats and spiders. Or they could just simply behead you, like two of King Henry VIII's wives. The British are a bit overly harsh in their punishments sometimes.

>"Second, I think that if I just own the pound instead of selling it, the value of the pound in the market will be almost the same as before, is that correct?

No, I think the value of the pound would increase dramatically because you would be keeping pounds out of circulation, which would create a scarcity. Scarcity usually drives up prices, if I recall my college Economics 101 class lectures correctly.

>"Finally, suppose I sell the pound at a tenth of its previous price. Suppose I want to sell 5 trillion pounds in one go. How do you think the market will react?"

I think that the market would be really happy to purchase your pounds at a 90% discounted rate. You would be very popular. They might love you so much that they make you a Knight of the British Empire - Sir Panties.

panties
Hors ligne
A rejoint: 02/02/2021

I am not sure how I hundle this pound.
Do you have any good ideas?