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View Full Version : They used to say that the sun never set on the British Empire



brutus2
09-25-2022, 08:33 PM
Sure not much left of it, and its once proud currency is sure having the sun set on it, possibly, once and for all.

Over 10% drop vs US dollar in 5 weeks. That is emerging market stuff.

Perhaps the Queen died just in time not to witness the worst of it. ( last couple of days)

https://www.kitco.com/gold_currency/index.html?currency=gbp&timePeriod=60d&flag=gold&otherChart=no

yellowsnow
09-25-2022, 08:45 PM
Sure not much left of it, and its once proud currency is sure having the sun set on it, possibly, once and for all.

Over 10% drop vs US dollar in 5 weeks. That is emerging market stuff.

Perhaps the Queen died just in time not to witness the worst of it. ( last couple of days)

https://www.kitco.com/gold_currency/index.html?currency=gbp&timePeriod=60d&flag=gold&otherChart=no

QEII and Gorbachev exited at the right time.
I wouldn't want king charlesIII or putin's job now

SilverPalm
10-02-2022, 09:10 PM
The GBP has fallen sharply of late. We have not seen it this low since the rapid decline in 1985. After that sudden dip, it rose sharply again, providing a 50% return on investment in under 2 years. Will that happen again now? That is a question that I would love to know the answer to.

golditiki2
10-03-2022, 03:11 AM
The GBP has fallen sharply of late. We have not seen it this low since the rapid decline in 1985. After that sudden dip, it rose sharply again, providing a 50% return on investment in under 2 years. Will that happen again now? That is a question that I would love to know the answer to.

R.I.P. the GBP, R.I.P. the euro.

The euro lost 85 percent of its purchacchasing value during over its liftime ( since 1999 ) and that loss is continuing probably eating half of what is left over the next five years.
When somebody is paying a price or has been paying a price for "future" paper, the interest rates better be VERY high and the same for stocks, their pricerise should be tremendous in the years to come... That is of course a pipe dream because industrial goods will get cheaper, already getting cheaper, even when costs are rising, because people have to spend more money on food, drugs and energy.

The PTB are now starting to subsidize energy consumption shifting the problem towards governmental budget deficits which means increased taxes, which again means less consumption. The loop is endless, the problem is only shifting from one pocket to another. The main problem is never solved because the PTB refuse to let the natural forces to act. Their interventions increase the weight of the problems.

Because everything is nowadays denominated in currency units and their value is shrinking by the day, it should be VISIBLE for everybody that the futurevalue of the papers they hold and buy will be negative and that the dividends are a fake plaster on the rottening leg.

Golditiki2+++