Tuesday, 20 January 2009

UK & Sterling finished

From the Crown Blog

Actually not just sell Sterling but short Sterling as well. He says the City of London is where the economic problems started and is a disaster.

Bloomberg headlines the clip with 'Rogers says UK is finished' and he is probably right.

Watch the clip here


13 comments:

Ampers said...

Point taken - but isn't it what many of us think when we wake up screaming in the middle of the night?

iskanda said...

I tell you something. If we end up in a Mad Max type of situation, and me eating dog food out of a fucking tin just to survive, I won't be happy. I've only just paid off my student loan for fucks sake!

Dave H said...

It is panning out as he predicted in summer. Any efforts to reduce the scale of the slump make it far worse.

He has predicted that we (UK) are totally fucked and advises learning Mandarin.

I was hoping to create a wildflower meadow this year. Now I think planting wheat and potatoes might be a better idea.

sixtypoundsaweekcleaner said...

Slightly off topic..

I've just read on the web that the arab world is in danger of collapse. Arab leaders are citing lack of unity between arab countries, the palestinian/israel crisis and a loss of 2.5 trillion dollars because of the credit crunch.

So where is Gordoom getting his money from to bail out the banks? I thought it was from the arabs. I'm obviously wrong.

Anonymous said...

Gordoom has his own John Bull printing set.

Damo Mackerel said...

This is getting fucking scarier as the days go buy.

Let's hope the second coming is just around the corner.

Old Holborn said...

It's only scary if you don't have a plan

I have plan a, b and c.

And a shotgun.

sixtypoundsaweekcleaner said...

All ready for the New World Order. Oh, deep joy...

Ellis said...

OH, raise your game a smidgin and do at least the most basic of research before posting such tripe. Even the most cursory of searches discloses that this individual revels in the schlock factor, having over the past eighteen months averred that he has divested himself not only of sterling but also of the dollar and the yuan.
Note, for the blowhards out there, this is NOT a defense of any current guvmint policy, just a mild fisking of this post.

Old Holborn said...

"this individual revels in the schlock factor, having over the past eighteen months averred that he has divested himself not only of sterling but also of the dollar and the yuan."

What a wise man.

OH currently sits his fortune on Euros and Swiss Francs

Ellis said...

OH 21:49 "What a wise man".
Hmmm, obtuse is as obtuse does, I suppose. The "guru"'s position on commodities is also one to be revered no doubt. Point being that one can always find a swami that affirms one's preconceptions.

Anonymous said...

Just a thought... If we had put a bullet in the head of Jim Rogers and about 250 other city shysters all this mess could have been avoided.

All for fifty quids worth of 9mm

Anonymous said...

sixtypoundaweekcleaner

'....I thought it was from the arabs. I'm obviously wrong.'

Dubai, Abu Dhabi.

Where has the 'wealth' come from?

Unlimited amounts of worhless oil
The financial service capital of the Middle East
A property bubble
Massive borrowings

Heard that anywhere else before? They're fucked, just like us.

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