And ................
................. Max Keiser has just appeared on UK TV to say that this country is heading into a financial crisis (yep, another one).
His basic premise today is that the bond markets have driven out all productive activity and interest rates have nowhere to go but up, and up.
We can still devalue our currency, unlike those countries who signed up for the Euro; in fact, such devaluing is happening now on the markets - just look at the Euro/£ exchange rate over the last week or so.
He also made mention of the gold standard and how European governments so distrust each other that they are buying up gold and silver to stock their own vaults; all this against the day that the Euro splits asunder.
If you are interested in what he has to say about global finance he runs a show on Russia Today and he is all over youtube.
We are all pawns on this particular chessboard.
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Dave
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