Is The UK Bankrupt?
3 October 2009
41 views
No Comment
Daniel John Hannan is a British politician (representing the Conservative Party) and a Member of the European Parliament. In this scathing MUST-SEE speech in March 2009, he tells the UK Prime Minister, Gordan Brown, that the UK has negative equity, has run out of money and that he’s a “devalued prime minister of a devalued government”.
Gold and silver are stores of value and have maintained their buying power for over 5,000 years. Expect them to increase in value over the next few years as global currencies continue to devalue against precious metals.
Related Posts-
Gold Breaks $1000/Oz For the 6th time in history, Gold broke $1000 per ounce in the intraday market. It then settled just below it at $999/oz so its not a record but it's still a historic moment. Indexed for inflation, Gold's high of $850/oz back in the 80s would be equal to...... -
China To US: "We Hate You, We Hate You" This is a quote from the video below, We hate you, we hate you. You're spending a trillion dollars and effectively devaluing your currency. No wonder the Chinese government hates the US! They own a few trillion US dollars worth of currency and bonds and when we devalue our currency,...... - Is The Demand For Gold Increasing? I just got an email from a company that I have previously bought gold coins from. They said that the US Mint has temporarily suspended the sale of 1 ounce Gold Eagles but the 1/10th ounce gold Eagles would actually resume. For the first time in a year, 345,000 coins......
-
Can China Affect Gold Prices? The Chinese government has been advising its citizens to buy gold and silver. Typically, there is a large abyss between what the government wants and what the people actually do. However, in this case at least, it seems that the Chinese people are happy to be buying both these commodities....... -
Gold At $5,000 Per Ounce? What if the US government were to revert back to the gold standard? At what price of gold would we peg the dollar? In 1971, the US government had 280 million ounces of gold [source]. Assuming that the sale of gold by the US mint is inconsequential, and that......
-
Buffett Finally Admits the Dollar is Doomed! Finally Warren Buffett said what I've been harping on about for two years. In his NYT op-ed piece titled "The Greenback Effect" he admited that the government is setting us up for massive inflation and destruction of the US Dollar. This fiscal year, though, the deficit will rise to about...... - Top 5 IT forecasts for 2010 As 2009 draws to a close and a new decade dawns, consumers and IT markets predict various new challenges for the next year and also expect something good for market conditions. Various analysts predict that IT sector will pull out the global economy from recession. It is assumed that the......
-
Starting a Gold Coin Collection There are a number of different ways that you can buy gold, not only as jewelry or gold bars but also in the form of a gold coin collection as well. Buying into a gold coin collection is a much better option, it is also much simpler and it can...... -
America's Cup It has been 25 years since John Bertrand and the Australia II claimed the America's Cup, a victory which is among the greatest the country has ever achieved. That said, it is more and more apparent that the Aussies no longer care about the coveted award. The starting point for...... -
Pay Debts in the Current Economic Climate In the third quarter of the year 2008, it was noted in figures that the occurrence of personal or individual insolvencies had increased by 8.8 percent in comparison to the previous quarter. Additionally, the numbers in these figures for 2008 proved to be 4.6 higher than the third quarter from......
(No Ratings Yet)
Loading ...
Leave your response!