Billionaire financier Jim Rogers (left, Getty pics) has now denied that he predicted that the British Pound could completely collapse within weeks. The statement in The Daily Bell sent shockwaves throughout the global economy. Still concern over the pound rumbles and 1992 doesn't seem like such a long way away. In the article Rogers, once a partner of George Soros, says: "Other currencies aren't strong and the Euro has real problems, with cracks much wider than Greece beginning to show. But it's the Pound that's most vulnerable. In real terms, it's already devalued against virtually every currency barring the Zimbabwean dollar and it's especially exposed over the weeks running up to the UK election. In a basket of currencies, the Pound is potentially a basket case. And that will put Britain in an extremely bad position for the shakedown. The last few months have seen a 'false bounce', shorn up by massive short-term injections of government underwriting."
