Wednesday, 25 March 2009

U.K. Gilts Slump After First Failed Bond Auction Since 1995

What does that mean? It means investors are losing their appetite for UK debt. It's not a surprise since every government in the world is running the printing pressing, and literally trying to out do each other. The private and quasi-government banking cartels can print as much money as they want and load up on debt but the question remains, "Who is going to buy your debt?" What country in the world is going to buy the ever expanding debt of the U.S.A., U.K., Spain, Italy, Germany, Mexico or Switzerland? Is Jamaica going to buy it? How about Sierra Leone, they gonna buy it? Or maybe even Laos? You have a global semi-coordinated devaluation of every paper currency in the world. (Which essentially makes it worth-less in the future.)

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