ladyhawke
On a Break
- Joined
- Sep 23, 2016
- Location
- Here, There, Everywhere.
Very interesting point indeed. If a legal challenge was instigated, I wonder what the outcome would be?What I find interesting though in this case is that the SoW came along when the player didn't have a withdrawal held to ransom, and looked like they were going to just walk away from the account...I wonder what position it puts casinos in of a losing player just walks away from an empty account rather than jumping through the SoW hoops. Does the casino have to surrender the money it just won from said player because they have marked them for an SoW request, but have not been able to complete it to satisfy themselves that they have won legitimate funds from the player.
There have been many recent discussions regarding Italy and a possible exit from the Euro. The attached link (Bloomberg) outlines the exact details, but in summary the main points are:I wonder if all this SOW business is an extension of the move to a cashless society, on recent trips to the supermarket it was hard to find a self service till that accepted cash.
At the stage where we only have a digital currency [electronic money rather than paper notes] can we really call it the 'pound' ? I think then we'd be at the start of one electronic currency for the whole world, remember all journeys begin with the first few steps.
Just found a relevant article on the 'investopedia' website, some quotes:
"In March of 2009, U.S.You do not have permission to view link Log in or register now.Timothy Geithner let it slip that he was "quite open" to the idea of an eventual move toward a global currency run by theYou do not have permission to view link Log in or register now.."
The Downfalls
The most obvious downfall to the introduction of a global currency would be the loss of independentYou do not have permission to view link Log in or register now.to regulate national economies. For example, in the recent economic crisis in the United States, the Federal Reserve was able to lower interest rates to unprecedented levels and increase theYou do not have permission to view link Log in or register now.in order to stimulateYou do not have permission to view link Log in or register now.. These actions served to lessen the severity of theYou do not have permission to view link Log in or register now.in the United States.
Under a global currency, this type of aggressive management of a national economy would not be possible. Monetary policy could not be enacted on a country by country basis. Rather, any change in monetary policy would have to be made at the worldwide level.
- A common monetary policy has not worked out very well for all countries, particularly those on the periphery of the EU.
- A common monetary policy can stabilise spending, or can cause a crash.
- "The root problem (of Italy's current issues) is the common currency itself".
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