Because Shtove just won't let it lie that he was wrong about Liverpool FC (its not a franchise), here is a whole new thread to talk about economics or as I call it: [blink]THE 1st GRAND "WHY SHOTVE IS A SECRET PRO-EUROPEAN WITH NO ACTUAL CONCEPT OF REALITY" THREAD![/blink] [/b][/u]I declare this thread open! Yay! Yaaay! *clap clap clap* Anyway, I'm going to be moving the various posts over here so please bare with me. </div> -------------- No, a the distinction is that Liverpool FC is a Limited Company and not a franchise. I don't understand why you keep trying to muddle the issue here. Gillet and Hicks have not had to get permission from the Premier League or the FA to either buy, run or make changes to Liverpool FC and as such, it is not a franchise. :lol: Maybe, it all depends on how well they do in the next five years. If they crash out of any major competition and take a hit to their vital TV revenue then they're toast. Its such a high risk operation. What you're going to see I think is a good five years of slow growth. You won't have the calamity of deflation like the Japanese experienced but its just going to be painful. Ironically, its the Japanese who are best placed to handle this. Just as they exit their 12 year credit crunch, the rest of the world enter theirs! :lol: As for the Euro, I don't think this will accelerate the UK towards what is a highly monolithic, out of date and lethargic currency system which rewards poor short term economic policy and high budget deficits. The Euro was meant to herald a new era of fiscal responsibility, however, the actions of France, Greece and Germany have exposed this as the sham that it is. As for the UK, any idea of the Euro being introduced here is sheer lunacy. With the housing market as unstable as it is, any sudden attempt to transfer economic policy to the ECB and remove independence to set interest rates from the Bank of England would cause immediate panic amongst lenders and house owners. Maybe in fifteen or twenty years they might consider it again but right now or even in five years, impossible.