Deadly silence prevails here in this
comment section.
Why do I see so many jaws dropped when
I look into the audience?
Does the relative better shape of the UK take into account the dwindling of the North sea oil windfall?
I read just this week that Gordon Brown had to change his projection on the national debt.
Better get out of Sterling, Euros etc. soon. Not only do several Western countries face inevitable junk status, but their currencies are much overvalued today.
Yes, all the fiat currencies are doomed. In the meantime the ant-fiat, Gold is getting its yellow arse kicked today.
I'd like to see the graph include Spain. Spain's in pretty bad situation also.
I suspect they're all in worse
shape than those shown.
lol youre advertising CFC....
"good credit or bad"
lol
Good work mate. Every little bit of what we do helps to keep the truth before the public.
No doubt about it. But the real tenuousness of the situation is only hinted at by decline in status of the obligations.
The truly ominous portent is in the prospects for the (universally) inconvertible stuff in which the obligations themselves are denominated.
Anyway you slice it, 0 X 0 = 0.
Ahhh but here's the catch: We learned in March's financials meltdown that AAA bonds aren't necessarily worth anything either. Things could come unglued long before the graphs would predict
Thanks for stopping by and dropping a comment on my blockbuster thread - I'm amazed that thing made the rec list. Hope to see you around ... I think we're going to do a banking report on the weekends going forward ...
Nice work.
Git 'er done.
is it true?
Commenting by HaloScan
