Woolfson Prize and disorderly withdrawals

Date | Monday, 12th December 2011
Time | 6:00pm for 6:30pm start. 8:00pm finish.
Location | Clifford Chance, 30th Floor, 10 Upper Bank Street, London E14 5JJ
RSVP | kate.hooper@westbournecoms.com
Chair | Neil O’Brien, Director, Policy Exchange
Speakers | Derek Scott, Chair of the Wolfson Economics Prize and Professor Charles Goodhart CBE FBA, Emeritus Professor of Banking and Finance at the London School of Economics and a judge of the Wolfson Economics Prize

On behalf of the judges of the Wolfson Economics Prize, I would like to invite you to an event for those considering applying for the Wolfson Economics Prize and other interested individuals. There will be a discussion of the euro-zone crisis and an opportunity to ask questions of the judges. 

The objective of the prize is to find the best answer to the question:
“If member states leave the Economic and Monetary Union, what is the best way for the economic process to be managed to provide the soundest foundation for the future growth and prosperity of the current membership?”

Please R.S.V.P. to Kate Hooper at Westbourne on 020 3397 0100 or kate.hooper@westbournecoms.com. I very much hope you can join us.

Yours sincerely
Derek Scott

MY ANSWER:

1. start printing own currency    http://thelewespound.org/59.html
2. withdraw from the euro
3. default, but guaranteeing savings only, and let the losses fall where they may. 

Then start picking up pieces.

There will be a period of enforced SOCIALISM and rationing, I imagine, with massive tax cuts and deregulation.

The men will have fun organising their citizens' militias to dispose of the criminal elements in their community, in more ways than one.

The Slut Single Mums can all be herded into brothels for gainful employment with flexible hours.

Respectable married women will be congratulating themselves for not divorcing their husbands and taking half their stuff and then depriving them of their children while making them pay for their maintenance, because in these troubled times they will be grateful for the protection of men.

I have a nasty feeling that the euro may not last till 12 December and the Woolfson prize may well be cancelled after its collapse. The deadline for submitting your entry is 31 January, but by that time disorderly withdrawal will have happened in any case.

I wonder if the Germans are now secretly printing deutschmarks...