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Bank of England can't afford to buy anymore UK debt, what does this really mean?

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posted on Mar, 26 2009 @ 05:15 AM
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What happens if the UK stimulas plan fails, there is no more hope? or does the UK become like the states, part owned by other countries who can afford to buy its debt, if that were possible?

This really is not looking good at all.




posted on Mar, 26 2009 @ 06:18 AM
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reply to post by rocksrhot
 
It means that the uk is now well and truly heading towards an abyss. The world is finally getting wise to the fact that the uk is so up the creek without a paddle, and it's only a matter of time before gordo and his team of imbeciles go cap in hand to the IMF------------OOh the country is bankrupt but it's not our fault honestly!

The governments gilt auction failed the other day because investors are now questioning the governments ability to pay back the OUTRAGEOUS OBSCENE national debt. They are right to be wary. Brown will, without doubt, go down in history as the man who reduced the uk to a third world state..



 
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