Re: Currency Devaluations Ahead?

"ian@xxxxxxxxxx" <iann@xxxxxxxxxx> wrote in message
news:Objul.6$GI2.3@xxxxxxxxxxxxxxx
Interesting discussion here on the likelihood of currency devaluations in
S.E.Asia:
http://www.atimes.com/atimes/Southeast_Asia/KC12Ae02.html

Wow.

Anyway I think Western currencies are going to fall strongly in the coming
months. The USD will be strongly attacked this summer as it doesn't really
have any value anymore. The pounds lost a lot of value the last weeks, and
as the UK Central bank is going to print 150 Billions pound linked to
nothing, they will have more inflation and they will loose more value
regards to other currencies
(http://www.telegraph.co.uk/finance/financetopics/recession/4945989/Printing-money-150-billion-leap-in-the-dark-for-Bank-of-England.html).

The Euro will be on troube as well because of the financial instability in
the region: Islande is already bankrupt, Latvia will follow soon. There are
troubles in Ireland, Portugal, Roumania. If countries were companies,
France, Germany, Spain and UK will already be bgankrupt. Some expert predict
the falling of UK finances in the following 2 years.

At the same time, China and Russia resist better than the others the actual
crisis.

A point of view can be to predict a final raise for Asia and teh Eastern
countries when the Western parts will have strong economic difficulties.
Asian currencies can have much more value than now in 1 or 2 years. Some
western traders actually invest in these currencies: they play western
moneys for falling, and wait to revert after the coming crash with the hope
to make big profits in their native currencies.

Stef


.

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