£ / $ ….Parity here we come.

The UK hung parliament is hanging sterling out to dry.

After a disastrous past 2 years it looks like the ‘fun’ is just beginning for the British pound sterling. Support is now giving way to the next wave in a long term decline that has been underway for decades. Soon it will be £1 for $1, and the inhabitants of the UK won’t be going on holiday anywhere outside of the British Isles.

It will all be blamed on Brexit, without realizing that the Euro is going right down with it.

Global debt – now at a mind-spinning $175 trillion is almost all priced in dollars. As the dollar rises, the debt becomes unserviceable.

Stand well back people. When this one explodes we are literally heading into a world of pain.

 

 

 

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