One paper to the next
fantastic
ping
Economics / Global Debt Crisis
Feb 06, 2010 - 06:25 PM
By: Submissions
Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' debt default suit including Portugal, Ireland, Greece. Marc Faber doesnt give America much time before it goes bust and he says he will never sell his gold as governments inflate as a consquence of liabilities.
[snip]
(Go to the site to see the video)
Choice of death by hanging or electrocution....
So US bonds are here damned by faint praise. In the land of braying donkeys, the half-assed dollar is king.
Yeah. Awesome.
Rather than invest in foreign national debt, invest in our own.
So that instead of a foreign nation defaulting in the repayment of those obligations, the US can default and not pay us back, or pays us back n worthless, inflated money.
To make matters worse the UNaccountable financial EUROCRATS don’t have their junk backed up by armed forces.
I’m not so sure that investors are going to be running to hide money in US bonds. I own a commercial rental property in Florida. I’ve owned this property for nine years. Not once in those nine years have I received a solicitation to sell it. In the past two month, though, I’ve received four letters out of the blue from real estate brokers claiming to have clients looking who are looking for commercial triple net rental properties. Two have claimed that “price is no object”. Investors are looking for places to stash money, but I don’t think T bills are necessarily where they are looking.....
I must confess I have never understood why the Euro was so strong compared to the dollar. Their collective debt and spending is even worse then ours...
Gee, I feel so much better.
7 U.S. States That Are Worse Off Than Greece, Portgal, Ireland, and Spain
Posted Feb 05, 2010 04:15pm EST by Gregor MacDonald in Investing, Recession, Banking
In the long run... the U.S. is always better... :-)
http://www.businessinsider.com/leaked-eu-report-warns-of-risky-euros-threat-to-union-2010-1
EU Privately Freaking Out About Greece And The PIIGS Breaking Apart The Union
Gus Lubin | Jan. 25, 2010, 5:29 PM | 4,041 | 11
PrintTags: Economy, Europe, Greece, RBS, Credit Default Swaps, Debt
While investors speculate as to whether Greece or the euro is going to crash, it’s no surprise that parties in the EU are questioning their ties to both.
http://www.businessinsider.com/uk-to-trust-the-market-in-bailed-out-bank-sale-2010-1
U.K. Decides To Double Down On Capitalism In Bid To Avoid Joining The Debt-Defaulting PIIGS
Gregory White | Jan. 28, 2010, 12:19 PM | 1,890 | 3
PrintTags: Economy, UK, Debt, Banks, International
In a sale of public assets larger than anything seen since Margaret Thatcher’s heyday, Britain hopes to raise much needed cash privatizing banks.
The debt laden country is attempting to sell part of the 71.5 billion pound ($116 billion) investment it made in troubled banks during the height of the financial crisis.
Pressure for the sale is mounting as Standard and Poors has called the country’s economic stability into question, citing massive debt levels and a beleaguered banking system in need of reform.
Yup, sure does.
...and compared to some bum living in a cardboard box over a steam grate in NYC, I look like a GAZZILLIONAIRE.