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British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain. James Kirkup The Telegraph [UK] 25 Nov 2011 As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately […] November 27th, 2011 | Tags: bailouts, currency collapse, free-market capitalism, Greece, Prime Minister Margaret Thatcher, single currency, Spain | Category: Banking and finance, European Union, Germany, Great Britain, Italy, Socialism | Comments are closed
Glenn Reynolds Instapundit 3/15/2011 INDEED: Normal Interest Rates Would Be A Disaster For U.S. Debt. “And that’s why the Federal Reserve is buying U.S. Treasuries. If they didn’t, the U.S. would have to pay higher interest rates on its debt, and we can’t afford to. None of this can go on forever.” Something that can’t […] March 15th, 2011 | Tags: austerity, currency collapse, GDP, hyperinflation, interest rates, national debt, Sen. Tom Coburn MD, Treasury bonds | Category: Banking and finance, Barack Obama, Congress, Economy, Taxes, Treasury Department | Comments are closed
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