Pound Could Collapse Within Weeks, Predicts Billionaire Financier Jim Rogers

Quote from Humpy:

Stanzione has been selling get-rich-quick courses for years. Shoulda been a used car salesman. His $500 course was mainly about the 50 moving average crossing the 200 moving average. Kids stuff !!

Rogers and Faber are well over the hill. They have had their big days and can't let go.

The fact that Gorbles Brown is in charge though worries me. That idiot got us into this mess and now has the bare-assed cheek to claim he is the only one who can get us out of it. If the gullible UK public puts that tosser back in power in May's election then the above is certainly a cause for concern unfortunately imho.

Why Bush &co and JP Morgan wanted Tony Blair's negligeable banking expertise, beggars belief. He is a Marxist mole from the 1960s. They shouldn't waste their ( or CIA slush fund ) money on him.

:(
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you should be as over the hill as rogers and faber. fabers was #1 in Barron's roundtable last year.
 
So, between now and 99 weeks later (2 years) the pound "could" collapse. Guess it's time to short and hope not to get a margin call :D
 
Quote from Humpy:

Stanzione has been selling get-rich-quick courses for years. Shoulda been a used car salesman. His $500 course was mainly about the 50 moving average crossing the 200 moving average. Kids stuff !!

Rogers and Faber are well over the hill. They have had their big days and can't let go.

The fact that Gorbles Brown is in charge though worries me. That idiot got us into this mess and now has the bare-assed cheek to claim he is the only one who can get us out of it. If the gullible UK public puts that tosser back in power in May's election then the above is certainly a cause for concern unfortunately imho.

Why Bush &co and JP Morgan wanted Tony Blair's negligeable banking expertise, beggars belief. He is a Marxist mole from the 1960s. They shouldn't waste their ( or CIA slush fund ) money on him.

:(
More...

LOL and you think Cameron will solve ur problems? the US is in recession and the whole world will be in a mess , there is no escaping no matter who is in power. When he gets into downing street, you can be sure dave will pass laws allowing all his aristocratic buddies to continue to enjoy their unearned priviledged existence while the middle and working class suffer
 
Quote from WallStWhizKid:

February 25, 2010 - Press Dispensary - The UK Pound is on the brink of a collapse which will herald a downturn worse than 2008/9, it could well happen within weeks and the British government is powerless to prevent it. And this in turn will foreshadow a global economic winter that could come before the end of 2010 and make the last two years seem like a mild spring day.

This is the dire prediction of the legendary George Soros� former business partner, respected billionaire financier Jim Rogers, together with millionaire investment adviser and best-selling author Dr Marc Faber and the controversial millionaire trader and coach Vince Stanzione, ahead of their keynote appearances at next month�s Global Trading Day seminar in Westminster.



http://www.pressdispensary.co.uk/re...Predicts-Billionaire-Financier-Jim-Rogers.php
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this means that it will rally in the short term, but in the long term it will crash like a mofo
 
Financier Jim Rogers Friday denied making remarks attributed to him in a press release this week saying the pound sterling is at risk of imminent collapse.

The denial comes as foreign exchange jitters are intensifying throughout Europe over debt problems in Greece.

Rogers is a former business partner of financier George Soros in the Quantum fund which famously scored huge gains by betting heavily against the pound ahead of its collapse in 1992.

Rogers said comments contained in a press release Thursday announcing an appearance by him at a trading seminar in London were false.


Reuters

"I did not know about this press release. I didn't say those things," Rogers told MarketWatch.com in a phone interview from Singapore Friday.

Among other things the quotes in the release compared the pound to the hyper inflated Zimbabwean dollar and said the U.K. government could do nothing to prevent a steep fall in sterling. The release has since disappeared from the Press Dispensary web site linked to by several media organizations which reported the provocative claims.

http://www.marketwatch.com/story/ji...ound-will-collapse-2010-02-26?dist=beforebell
 
These currency collapse threads are HILARIOUS! Remember when USD was in a down trend? All you could read about in the media and on ET was about how the USD was finished, done, going to collapse and send the world into chaos.

Now that the USD has pulled back and EUR + GBP is downtrending, the current rave is "collapse of the Euro!", "collapse of the Pound!".

Trends do not continue forever...
 
Quote from sumfuka:

So, between now and 99 weeks later (2 years) the pound "could" collapse. Guess it's time to short and hope not to get a margin call :D
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that again points to the difference between rogers and ET posters he doesn't get margin calls when positions go against him.
 
Quote from Debaser82:

Reuters
"I did not know about this press release. I didn't say those things," Rogers told MarketWatch.com in a phone interview from Singapore Friday.
http://www.marketwatch.com/story/ji...ound-will-collapse-2010-02-26?dist=beforebell
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Article down on the "press dispensary" place. I just read their mission statement. Guess whoever was short the pound was happy with their service. Pretty shady, but of course there will be no follow up.

"What we do

Everything we do is designed to get you noticed - by the world's professional media (print, broadcast and online) and by search engines, social networkers, bloggers and your customers. We write professional, eye-catching press releases and we distribute them - whether written by us or by you - to carefully targeted journalists and editors; then we publish them online, as multi-media, SEO-friendly news releases, we syndicate them to many global news sites and aggregators, and we circulate them widely across the web."

http://www.pressdispensary.co.uk/
 
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