Friday, August 31, 2012
Why Britain And Its Pound Sterling Won't Avoid The Impact of A EuroDollar Collapse
Too many British, feel that they've dodged a bullet by not joining the Euro-zone and adopting the Eurodollar as their base currency. But, hold on a minute. Nearly 44% of Britain's exports are with Euro-Zone countries like France, Germany, Italy, and Spain. So, if those economies fail because of a Eurodollar collapse, 44% of Britain's export business could be at some degree of risk. I seriously think Britain should be concerned with the collapse of the Eurodollar; just as the USA is concerned. God only knows what kind or ripple effect could take place should there be a major collapse of any world currency at a time when most economies in the world are in already in trouble.