Sunday, Apr 01, 2007
Watch the US/UK currencies get killed
Jerusalem Post: 'US ready to strike Iran on Good Friday'
It is irnoic to note that the way Britain, France and Israel were forced out of Egypt in 1956 was by massive depreciation of their currencies.
Will the same happen here? What will this do to our illusion of House Prices.
Posted by lvmreader @ 10:50 PM (333 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. japanese uncle said...
According to BicMac index, sterling is nearly 40 % overvalued against yen. (In Japan a Bic Mac costs only 1.21 pounds, given the current 230yen/pound exchange rate. ) I believe 160 yen/pound is the right rate. The same is true about USD. Pound must and will be devalued by 40%, period.