FAKE STORY---Jim Rogers: British Pound could collapse within weeks

Started by CrackSmokeRepublican, February 26, 2010, 04:50:26 PM

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CrackSmokeRepublican

February 26, 2010, 04:50:26 PM Last Edit: February 26, 2010, 05:07:18 PM by CrackSmokeRepublican
Get a good pair of Jack Boots and a thick Leather Jacket while you are still solvent... Wallstreet-Carribean Jews are going Talmudic on England... Leather and Baseball bats are a good answer to their F'n B.S. when it gets this serious...   ;)
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Jim Rogers: British Pound could collapse within weeks
By Andrew Moran.

Jim Rogers, Chairman of Rogers Holdings, has once again made a bold prediction and that is the British Pound could quite possibly collapse within the coming weeks.
Jim Rogers, co-founder of the Quantum Fund and founder of the Rogers Commodities Index, was quoted in a recent press release that the United Kingdom Pound is on the brink of utter collapse, which could happen within the coming weeks and there is nothing governments can do about it.
Rogers, making statements prior to delivering a keynote speech at next month's Global Trading Day seminar in Westminster, believes the collapse of the Pound could foreshadow a global economic disintegration before the end of the year. The last few months of increases in the markets have been a "false bounce" and occurred due to government interference in the market and throwing everything at it except for the kitchen sink.
"But it can't last. We've been applying temporary sticking plasters, not long-term cures. Later this year we'll see the start of the real recession, with more Lehman-scale disasters and a fallout which won't stop until the underlying malaise is genuinely cured," said Rogers.
The author of "Hot Commodities" believes the beginning of the collapse of the UK will start with the Pound, adding that the Pound has devalued against all other currencies and is a "basket case," which will put Great Britain in a bad position when the "shakedown" occurs.
"It sounds like a lot of doom and gloom. But it doesn't have to be. With foreknowledge, experience, advice and skill, even the steepest downward slide can be turned to advantage. Recession can be just as much a source of wealth as growth."

http://www.digitaljournal.com/article/288143
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

Ognir

#1
February 26, 2010, 05:02:39 PM
Most zionists don't believe that God exists, but they do believe he promised them Palestine

- Ilan Pappe

CrackSmokeRepublican

#2
February 26, 2010, 05:06:08 PM
Thanks Ognir,

I caught it over at Iraq-war.ru.  Should have vetted it better.  But in these days of financial "surprises" it is easy to take something at face value.
I renamed it to FAKE STORY.

This one made me trigger happy:

viewtopic.php?f=33&p=37405#p37405

Actually I blame it on A.J.  :lol:

http://www.prisonplanet.com/prominent-i ... weeks.html

Cheers,

CSR
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan

CrackSmokeRepublican

#3
February 26, 2010, 05:27:40 PM
Less Dramatic but still worth looking at:
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February 26, 2010

U.K. Facing Major Economic Problems
by Brewer Futures Group
   

Sovereign debt issues in Greece and a poor jobs report in the U.S. helped the Dollar finish better against most major currencies. Throughout the day, investors seeking a safe harbor supported the Greenback. Early in the session the Dollar got a boost when rumors spread that the S&P Corp. was considering a cut in Greece's debt rating. Shortly after the New York session opening, news that Weekly U.S. Jobless Claims rose unexpectedly triggered another strong rally in the Dollar.

The GBP USD fell sharply after the New York opening following a hard overnight sell-off. This current move to the downside accelerated following a break of recent minor support at 1.5352. The heavy selling pressure pushed the Cable through a major 50% price at 1.5272.

The poor outlook for the U.K. economy was reinforced overnight when it was reported that Fourth Quarter Investments unexpectedly weakened. In addition, traders are worried about the budget deficit and the possibility that the Bank of England will expand and extend its quantitative easing program. Tomorrow's Fourth Quarter GDP Report should move the markets and create volatility.

http://www.safehaven.com/article-15923.htm
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
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