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Re: Borrowing by the UK and Eurozone countries
Quote:
Originally Posted by Mancie
Just taken a qoute from that and thanks Mobertol
I know the speculators pick and choose certain currencies to move on but on the sheer amounts of money involved these "speculators" cannot be individuals, they must be massive financial institutions and to me that means they are banks or backed by banks... so we come full circle.. how can the banks speculate or lend billions to governments and then need to be bailed out?
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Always suspected myself that this is "Bin Laden and co.'s" revenge on the West...who knows.
It's ending up in someone's pockets, though much of the "money" is virtual and not real and it is inflated in value beyond belief.
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