Trust Max Keiser to say it straight in this clip from the BBC’s Daily Politics when asked about the state of the UK’s economy. A quick 4min clip, but key points are as follows:

  • UK made the wrong decision in supporting bondholders and banks instead of the economy.
  • Bond market on verge of collapsing.
  • Sterling is selling off.
  • Bond yields are moving up.
  • Rating agencies are going to downgrade the UK.
  • Borrowing costs will rise which will affect mortgages.
  • All currencies are depreciating against Gold.
  • Gold is becoming the World’s Reserve Currency.
  • Sterling heading for sharp devaluation which won’t help exports.