.jpg)
Read entire article here:
" In an emotional address to parliament today, Icelandic Prime Minister Geir H. Haarde summed up the tempestuous waves of misfortune that over the last weeks have shaken the nation’s financial foundations and threathened its sovereignty."
... as the worlds most perfectly timed volcano spews a financial-news-obscuring cloud of ash grounding air traffic and obfuscating news of financial disaster... Some flights resume, but volcano threatens
---------
Note: So a financial crisis can threaten a nation's sovereignty. Hmmm. And what does that make the people who were involved in events creating the financial environment that threatens a nation's sovereignty?
Showing posts with label us bankrupt. Show all posts
Showing posts with label us bankrupt. Show all posts
11.29.2009
Bank of Russia To Invest in Canadian Dollar
Read more here:
" The official reminded that the Central Bank was investing the funds of Russia’s international reserves in four currencies: the US dollar, the euro, the British pound sterling and the Japanese yen. In addition, the reserves consist of gold and IMF’s special drawing right."
---------
Note: So they ARE investing in US dollars - why if the dollar is so doomed?
" The official reminded that the Central Bank was investing the funds of Russia’s international reserves in four currencies: the US dollar, the euro, the British pound sterling and the Japanese yen. In addition, the reserves consist of gold and IMF’s special drawing right."
---------
Note: So they ARE investing in US dollars - why if the dollar is so doomed?
The bankruptcy of the United States is now certain
Read more here:
" It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?"
---------
Note: Bankruptcy is the kiss of death for me and you - but not for D Trump or a government - for them it is an excusable business move - why the double standard? Who can explain the moronic decisions these folks are responsible for participating? By the way - which Universities did these clowns attend? We need a list so the parents can see what their kids are being fed.
" It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?"
---------
Note: Bankruptcy is the kiss of death for me and you - but not for D Trump or a government - for them it is an excusable business move - why the double standard? Who can explain the moronic decisions these folks are responsible for participating? By the way - which Universities did these clowns attend? We need a list so the parents can see what their kids are being fed.
Subscribe to:
Posts (Atom)