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The Pound Gets Pounded

willis9 Wrote: Feb 20, 2013 6:40 AM
Schiff is monotonous, he is right week after week, month after month, year after year. Why can't he pull an obama once in a while.

As the global currency war intensifies, the majority of attention has been paid to the 17% fall of the Japanese yen against the U.S. dollar over the past few months. The implosion has given cover to the sad performance of another once mighty currency: the British pound sterling. But in many ways the travails of the pound is far more instructive to those pondering the fate of the U.S. currency.

 

Japan has a unique economic and demographic profile which makes it a poor stalking horse. Newly elected Prime Minister Shinzo Abe and the Bank of...