Sunday, April 1, 2007

Watch the US/UK currencies get killed

'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 (617 views)
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One thought on “Watch the US/UK currencies get killed

  • japanese uncle says:

    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.

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