Christopher Story- currency devaluation

[Humble Janitor]

http://www.worldreports.org/news/184...y_devaluations

The following is a slightly expanded version of an article on the British financial economy that is scheduled for publication in the January 2009 issue of Economic Intelligence Review. A reference to one of the graphic charts (Figures) that will appear in the print version of this article has been left unchanged here, because it should be obvious from the text what it illustrates.

THE HEADLONG DEVALUATION OF STERLING
The pound was clearly in free-fall when this issue was being finalised, to the consternation of some observers who ought to have known much better. Everything the Blair-Brown Labour Government has touched has been a disaster – from economic, gold, financial and social policy, to foreign and military policy and its idolatry towards British membership of the European Union Collective, which delivers nothing except aggravation for rubber-stamp consideration by an increasingly ridiculed bunch of second-rate political pygmies.