Wednesday, August 13, 2008

More on The End of Debt

If Bridgewater is anywhere near correct, governments alone have the wherewithal to rescue the system. This would mean the de facto nationalisation of the banking systems in the US, Britain and Europe.
Done in US...and supporting Standard & Poor's projection of government junk bond status.

I predict government alone doesn't have the capacity to
rescue the system. It's estimated by some investment gurus
that it will take some $2 trillion to do so. More on that
in the next post.

Full report.