Quote from WallStWhizKid:
Pound Could Collapse Within Weeks, Predicts Billionaire Financier Jim Rogers
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 Sorosâ 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 monthâs Global Trading Day seminar in Westminster.
As the UK economy stands on the brink of its much heralded double dip after a dismal January and rumblings about its credit rating, as Swiss Bank UBS speculates the risk of a run on the pound*, and as sterling hit a nine month low against the dollar on Friday, the three experts â who all have reputations for making much of their fortunes from predicting and riding economic downturns â are forecasting that a currency crash and then a full scale global âshakedownâ are almost inevitable.
