The Pound is by a long way the most overweight currency in the SDR, being 11% of its value but less than 3% of the world economy. It’s an enormous current privilege for us British… I doubt this will turn out well for us…
The Pound is Toast
Max Keiser
Financial War Reports
Here Fools… a little something for your left ear:
http://youtu.be/fGaDAThOHhA
Watch if you have the guts… I’m not holding my breath.
http://www.321gold.com/images/currencycompost.jpg
Currency compost.
I can’t believe I read all that; that was surprisingly informative & non-boring.
The value of your bonds are based on a governments ability to tax it’s population.
I would not worry about the Pound Sterling just yet until we see tax revolts!
How the media scammed us into accepting council tax is beyond me, it’s a very regressive tax (the poor pay more as a percentage of income) and ability to pay is based on your savings/assets not your income!