http://www.financialpost.com/news-se...tml?id=1612964The U.S. dollar's day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks - debt and inflation - are brought under a harsher spotlight.
No kidding?
British pound cannot survive this:
In his budget last month, Britain's finance chief Alistair Darling predicted that the country's debt position, which aggregates borrowing through the years, is expected to rise to 59 percent of gross domestic product in 2009-10, rising to a peak of 79 percent in 2013-14. When the government came into office in 1997, it said one of its main economic policies was to keep debt around 40 percent.
The statistics office said earlier that net debt stood at 53.2 percent of GDP at the end of April.
What industry in Britian can pay off the debt? Their financial industry is a wreck and the north sea is in decline.
Prostitution? Some british girls are hot...Originally Posted by stag15
No way dude.. they got Posh Spice, that Hermine girl who just turned 18 from Harry Potter, Elizabeth Hurley, and Keira Knightly. That's it. Four hot chicks does not a national bailout make.Prostitution? Some british girls are hot...
*** scratches head ***
To whom is all of this debt owed? Maybe the mortgage should be re-structured.
Wonder how long before the U.S. T-bill is just another 'toxic asset'?
That, Paula, is THE question of the 21st century...along with "where is all the money actually going?"
People should not be afraid of their governments -
governments should be afraid of their people.
In times of change, the Patriot is a scarce man; brave, hated and scorned. When his cause succeeds, however, the timid join him, for then it costs nothing to be a Patriot.
~ Mark Twain
Audemus Jura Nostra Defendere: We Dare To Defend Our Rights!
makes you wonder
"Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it."
James Madison
"It does not take a majority to prevail ... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men." - Samuel Adams
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Dum Spiro, Pugno
Tu ne cede malis sed contra audentior ito
I keep hearing talk of the British Pound being in trouble but isn't it strengthening right now? Isn't it the strongest currency right now?
Or the debt holder should be put out of business.
If I was a huge country and in debt to a huge bank, I believe I would burn down the bank or at least seize their books.
Last trade 80.369 Change -0.821 (-1.06%)
NC doesn't need ThomTillis as the Republican nominee for US Senate.
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