[Proud_USA_Republican]

Yes, it does. British pound took a major hit to the US dollar today. Biggest one day drop in over 15 years vs. the US greenback. Euro fell heavily against the US greenback as well.

Oil droped more than $5.

Another thing I heard today was their was a massive flight to US treasuries today by many local and foreign investors. 30-year treasury bond prices rose more than 3 points.

Today was not a good day for euro/global financials. British mortgage bank Bradford & Bingley was nationalized like Northern Rock.

Icelands government took control of Glitnier, the countries 3rd largest bank.

Parts of Fortis, a large european banking and insurance company, got a 11 billion euro injection from Belgian, Dutch, and Luxembourg governments which basically was another nationalization.

[ScaniaBoy]

Yes, in all five European (3 in the Eurozone, one in Britain and one in Iceland) financial institutes had to be bailed out during the last couple of days.

Ambrose may well go under the name “Armageddon” Evans-Pritchad, but so far he has been spot on in his analyses.

In the race between the EU and the US towards the bottom, the EU will win that one hands down.