Labour Party in London Wants to Delist Any Company That Does not Comply with Climate Change

Britain has been a major center stage player in expanding the world economy every since the 17th century. The London Stock Exchange was the place to list your company to get into the big leagues. Now the British Labour Party seems to be joining with the extreme left in Climate Change known as the Extinction Rebellion. They want to delist any company from the London Stock Exchange they deem is not complying with their demands for climate change.

I have always had a soft-spot in my heart for London. It was the only city I could actually live in. It pains me to watch the slow demise of Britain and this latest suggestion running around that Labour embraces booting out any company they deem to be not complying with their demands just a sure-fire way to make sure that the British pound will indeed break the 1985 low. The most extreme projection for the pound going into 2021/2022 is actually 61 cents to the US dollar. The support lies at the 11475 level and at the 10900 level. The more reasonable target for a low in the years ahead lies at the 95 cent level. It certainly seems that if Labour EVER gets a hold of government, that will be the final nail in the British pound. There will be no recovery thereafter.

 

Latest Posts

CBO Issues Dire Forecast for US Debt

The US Congressional Budget Office is warning that the federal deficit has hit a point of no return. It is far too late to cut wasteful government spending. Politicians have [...]
Read more

The Danger of Traveling with Gold

Two men were pulled over while driving on I-20 in Texas, carrying $250,000 worth of gold bars. US law permits and encourages law enforcement to confiscate assets. Civil asset forfeiture [...]
Read more

The Tyranny of Centralized Government

For centuries, the main reason no government has ever survived its own greed for money and power is that whoever is in power at present constantly assumes that this time [...]
Read more