Currency Crisis

Currency crisis predictions are on the rise. A few examples from today for your entertainment


- MarketWatch:

Einhorn bets on major currency 'death spiral'

Apparently Greenlight Capital is betting on a collapse and a spike in interest rates.

- Over at ZeroHedge there's:

Here Is Why The Dollar Is Now Effectively Worthless


And then there's another scary prediction of major crisis:




These all relate to the $ but don't forget that in many ways Britain's problems are worse! How long is it going to take to sink in? It's a shame that the SNP are stuck in the position of trying to make sure Scotland gets it share of the freshly printed money. As a government of an independent Scotland they could have stopped the debt spiral.

It's time that the SNP changed tactics or at least prepare for the worst. If as seems likely Britain has some kind of crisis then the nationalists must be ready to pounce. The groundwork needs to be prepared now. Clearly, the SNP should be hammering Labour for the state of the economy. Secondly they should be banging on about the danger of Britain being bankrupt. If you warn Scots now that being part of Britain is dangerous then when the crisis hits, the message that independence is a solution will resonate strongly.

Now is the time for the SNP to show some character. They've shown that they are responsible, now they must show that they have vision and political substance. There is a huge opportunity to outmanouvre unionism. If Salmond and company can think outside of the box of debt driven consumer economics and see that we're heading straight over a cliff, they could position themselves well for that referendum and carry a lot of Scotland with them.

Come on guys, smell the coffee!