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Re: Why would you do this?
C'mon Mega, you're a smart guy. Why indeed? (Unless you were expecting a sudden collapse in the exchange rate value of the USD relative to GBP, of course).Originally posted by Mega View Post
This isn't rocket science here. Dollarization followed by dollar devaluation.
The dollar is the heart of the international monetary system so the Dollar MUST DIE to save everyone, simple. -
Re: Why would you do this?
This from the article:Originally posted by Mega View Post
The Bank of England is seeking to raise funds as confidence in the U.K. currency plummets on concern no party will win an outright majority in a forthcoming general election. The pound weakened 7.6 percent against the dollar this year, the worst performer among the 16 major currencies, as traders bet a new administration won’t be strong enough to reduce the nation’s budget deficit of more than 12 percent.
Pretty much says it all.Comment
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