Borrower Balls is back = time to sell sterling

Probably the worst thing to happen to Britain has happened – the bullying, lying, incompetent buffoon Ed Balls is back. More than anyone else in NuLabour, Balls was responsible for pushing forward Liar Brown’s policy of borrowing and borrowing till they had bankrupted Britain. Now he is shadow chancellor, it is almost inevitable that Balls will one day become chancellor. When that happens, there will be a run on the pound as people realise Balls will once again try to bankrupt the country.

Providing the coalition lasts five years, there will be a window of opportunity to get out of sterling in mid to end 2012. By then the Bank of England will have started to raise interest rates and the pound should go up. That will be the time to get out of sterling before the collapse comes towards the next general election when people realise that Balls will once again plunge the country hopelessly into debt.