Wednesday, January 21, 2009

Sterling collapse? - Jews using staged economic crisis to pressure Britain to adopt Euro

Financial Times
Euro could ‘anchor’ economy, says CleggBy Alex Barker and George Parker January 20 2009 Britain must prepare to ditch the pound and join the euro in order to salvage the public finances and prevent the “permanent decline” of the City, Nick Clegg, Liberal Democrat leader, said on Tuesday.Predicting that debate over the euro could soon return with a vengeance, Mr Clegg argued that joining a “major reserve currency” would protect Britain from its “extremely dangerous” exposure to volatile global capital flows.In an interview with the Financial Times, he said public opinion could “turn on its head” and swing against the pound as the “sheer brutality” of the crisis prompted the public to yearn for the stability offered by the eurozone. “In that context of people just longing for clearer rules, for reliability, for stability, for certainty, you might just find that becoming part of the reserve currency on our doorstep might become part of the recipe . . . by which we put the British economy back together on a more sustainable footing.”The Lib Dem leader’s attempt to put the euro back on the Westminster agenda is likely to be seen as a nuisance by nominally pro-European ministers and as a red rag to eurosceptic Conservatives. Polls still show the public staunchly against joining the single currency, in spite of the recent plunge of the pound.[...]
The Independent
Jim Rogers: 'Sell any sterling you might have. It's finished' By Sean O'Grady, Economics EditorWednesday, 21 January 2009 Fresh concerns about the British economy and fears for the stability of the UK's financial system pushed sterling to new record lows against the dollar, euro and yen yesterday. One of the world's leading investors voiced the markets' concerns. Jim Rogers, of the Singapore-based Rogers Holdings and co-founder of the Quantum fund with George Soros, told Bloomberg Television: "I would urge you to sell any sterling you might have. It's finished. I hate to say it, but I would not put any money in the UK."[...]

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