Summary:
The British Pound is overvalued because the City of London is the worlds money laundering centre, says Steve Keen. Britain thought it could do away with manufacturing and export service industries instead, but it hasn't worked out. Steve keen says the UK would be better off with a fall in the Pound to revive manufacturing. [embedded content]
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The British Pound is overvalued because the City of London is the worlds money laundering centre, says Steve Keen. Britain thought it could do away with manufacturing and export service industries instead, but it hasn't worked out. Steve keen says the UK would be better off with a fall in the Pound to revive manufacturing.The British Pound is overvalued because the City of London is the worlds money laundering centre, says Steve Keen. Britain thought it could do away with manufacturing and export service industries instead, but it hasn't worked out. Steve keen says the UK would be better off with a fall in the Pound to revive manufacturing. [embedded content]
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Mike Norman considers the following as important:
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