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cgnao

Something just snapped: Pound plunges 6% to $1.1841 at Asia open

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https://iiblack.wordpress.com/2016/08/16/example-title/

 

I recommend this article for explaining Sterling's plight - quite balanced IMO. Yes its been down before at 1.05 to US$ in 1985 and at 1.02 to the Euro in 2008 but they were at the extremes of pessimism. This time its still early days for the currency to adapt to the Uk's future. If we have now passed peak globalisation then there will be a sucking sound for many years to come as foreign money leaves the UK for good. This will force a major currency realignment similar to that experienced by the UK in the 1960's and 1970's. Most people are still clueless to this in the UK - in short you cant restrict free movement of labour without it knocking on in time to capital as well. Eg Many people buy their children a flat in the UK for use when at uni and afterwards. If you now say the student is not entitled to stay in the UK when they finish then that capital source will dry up for the UK.

 

We are also going to get a nasty dose of imported inflation in the new year to reflect the repricing of imports.

 

When Berlin was in ruins in 1948 and the Deutschemark was born you used to get 13.4 to the £. Now you barely get 2 DM to the £ a pretty spectacular collapse. Uk minus the foreign money will be more on a par to Spain or Italy. Sadly the hubris of the average Brit hasn't adjusted to this reality yet - going to be a very painful decade or probably two for all concerned ....

 

 

Sadly still crazy amounts of hubris in the UK

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It's everything. Watch the JPY

 

All very cryptic - any chance of spelling it out a bit more for us dummies at the back ;)

 

What might the JPY do in the near future, and what would that signify?

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It has been expected for years - but here it is: the Thai King has passed - chaos ahead in Thailand, possibly

 

Asian markets drop, led by Thai stocks MarketWatch

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The global financial system has been on the brink for many years now. Any reason to think this is a game changing moment in history?

 

Cgnao seems to think it is, and I respect him for calling it, but he hasn't really provided any reasons why he thinks this might be a significant moment.

 

Would love for him/her to elaborate a bit...

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http://www.zerohedge.com/news/2016-10-29/boes-carney-may-announce-decision-step-down-week

 

BOE's Carney May Announce Decision To Step Down This Week

 

In November 2012, the central bank-watching world was rocked when instead of Paul Tucker, a three decade veteran at the Bank of England replacing outgoing governor Mervyn King as many expected, the new head of the central bank was revealed to be former Goldmanite Mark Carney, something we had anticipated previously despite realizing that the optics of Goldman dominating European politics and finance, left quite a bit to be desired.

 

Good riddance you globalist POC

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