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There has been the issue of the national debt/GDP ratio
Originally posted by Rockpuck
But then a good question would have to be.. why the hell invest in Treasury's at all? If, at the current rate of inflation, commodities, foods, real estate and the markets will expand much faster than the lowly interest from T Bills?
Originally posted by Hastobemoretolife
reply to post by Hx3_1963
That 700 billion dollar slush fund(TARP) they have allows them to do all kinds of things with the market doesn't it?
Crazy stuff its still all false though eventually the fraud is going to get exposed and I fear all the manipulation is pushing the bottom down even further.
The recession was declared over by the country’s leading economics think-tank yesterday after it released upbeat estimates showing that growth in GDP resumed in April and May.
The upbeat verdict that Britain’s slump is at an end came from the National Institute of Economic and Social Research after official figures revealed the first gains in manufacturing output for 14 months, adding to a recent spate of signs of recovery.
An effectively insolvent banking system stopped lending, house prices plunged, households stopped spending and the economy became trapped in a vicious circle that resembled the 1930s.
All that has been arrested, and Britain is probably the first major economy out of recession. But even though this is a major victory, the Bank and Treasury deserve only one cheer – first, because the problem was largely of their making and, second, because the long road to recovery that lies ahead is littered with perilous obstacles.
The reason is simple: we have not dealt with the massive overhang of debt racked up by individuals and governments over the past decade or so. In the 1930s, the flipside of mass bankruptcy, bank failures and record unemployment was that in a relatively short time private debt levels dropped back down to manageable levels. This time, we have avoided the bankruptcy; the consequence is that we still need to repay the debt.
(English Translation of this:
USA securities for 96 billion euros.
249 bonds of the Federal Reserve of the United States, each with nominal value of 500 million dollars, as well as 10 Kennedy bonds each of 1 billion dollars in value, hidden in the double bootom of a suit case, for a total of a good 134 billion dollars, equal to more than 96 billion euros.
This is how much was sequestered [don't know legal implication of this term] at the internation railway station in Chiasso, at the Swiss-Italian border, functionaries of the Territorial Operational Section of Chiasso, in collaboration with soldiers/members of the Financial Police ......
......Apart from the securities the Japanese men were carrying a considerable sum of original bank documents.
Investigations are underway to establish the identity and the origin of both the bonds and the bank documents that have also been impounded. If the securities are authentic, based on regulations in place, the penalty applicable to the possessors [of the bonds] could reach 38 billion euros, equivalent to 40% of the sum in excess of the acceptable baggage allowance of 10 thousand euro.
Originally posted by pause4thought
FULL STEAM AHEAD!
Music. Wine. Dance. All our troubles behind us as we sail into the glorious sunset...