Sell sterling

[BlasterBates]

Sell sterling

The financial system here in the UK is maybe in even worse shape than the US," Jim Rogers said. "Look at Northern Rock, it got into trouble, there was a run on the bank, people were taking their money out and putting it in Barclays and Royal Bank of Scotland instead."

"Then the government stepped in and bailed out Northern Rock, so everybody started taking money out of other banks and putting it back into Northern Rock because it was the only totally secure bank. That weakened the other banks so the government had to come in and bail them out too - it's the same idiocy that prevailed in the US."

"The City of London is pretty much finished, he asserts, and if you're alarmed by the recent slump in sterling, you ain't seen nothing yet."

lJim Rogers on a Fooked UK

Looks like it might be wise to sell what sterling you have and leave the UK.

HTH

[PM-Junkie]

Sell sterling


lJim Rogers on a Fooked UK

Looks like it might be wise to sell what sterling you have and leave the UK.

HTH

Bye then. Don't let the door hit ya where the good lord split ya.

[KentPhilip]

That article is 2 months old. Since then Rodgers was right - Sterling has gone down. Question is: Does it have further to fall?

[dang65]

That article is 2 months old. Since then Rodgers was right - Sterling has gone down. Question is: Does it have further to fall?

Maybe it will if he writes another article predicting it will.

[tim123]

Sell sterling
HTH

I would, but what the fook do I buy instead?

(Serious question).

tim

[PM-Junkie]

I would, but what the fook do I buy instead?

(Serious question).

tim

Invest in a superb Management Consultancy I happen to know about, which is run by a really clever and handsome chap.

<whistles innocently>

[sasguru]

I would, but what the fook do I buy instead?

(Serious question).

tim

http://www.bloomberg.com/apps/news?p...FxA&refer=home

[DimPrawn]

I would, but what the fook do I buy instead?

(Serious question).

tim

You just need to buy into a stronger currency where the country is better managed with a brighter future. One with a more talented and insightful government.

For example.

[Doggy Styles]

Jim Rogers wouldn't be speaking from a position where it pays him for Sterling to drop, would he?