Jim Rogers

[Stephen_374341239]

He has just made a statement that he is taking all his money out of sterling and putting it into dollers and everybody should do the same. He has said that Brown should let the banks fall. The word is every body takes note of what this man says. But of course he is going to say this his a Yank all his money and power is in the US and in big trouble. Of course he would like every body to take there money out of pounds and put them in dollers get him out of the SH***.

 

[lee_374371794]

This is exactly right. It is easy to forget that Americans are just as foreign as the Europeans that love to see Great Britain in trouble and that somehow they are on the same side as us. This will all come back on them in the end, though, as the American economy has been effectively bankrupt for years, and is only kept afloat by borrowing that the emerging (wealthy) nations have been happy to fund. They won't fund it for ever, and the US has to support a lot more industrial "lame ducks" than we do. Also the Euro will unravel as the pressures on the weaker economies grow and they can't sustain their deficits.