BREAKING: Discover How A Slacker Makes $100,000 A Year!

WEBMASTERS! Get Your Website To The Top Of Google


Bet your bottom dollar tensions will follow


Thursday, November 29th, 2007

Bet your bottom dollar tensions will follow - Dollar could drop 90% in value - Bank of England

By J A Blacker, Science Correspondent
RINF Alternative News

The Dollar, if the Bank of England is to be believed, could lose 90% of its 2002 value within three years, one pundit thinks it could be worse and even the US top brass are bracing themselves for a real cropper.

40 Billion of sub prime debt has thus far been written off costing a 30% drop in the value of the Dollar, imagine how it will plummet when all 150 billion is written off, and that is the best possible outcome.

If the Bank of England’s 200 billion sub prime estimate is accurate, 30% v 40 Billion,  ? % v 200 Billion?,  and the Bank of England could be as much as 100 Billion out, one annalist has calculated the unrecoverable sub prime debt to be written off could be 300 Billion.

What ever you do, ditch the Dirty Dollar fast & buy Euros, Yen or Swiss Dollar  -  have tin hats at the  ready folks because the whole lot is about to tumble as the US dollar is a reserve currency.

http://mparent7777-2.blogspot.com/2007/11/bet-your-bottom-dollar-tensions-will.html


Have Your Say: Bet your bottom dollar tensions will follow
Please read our posting guidelines before posting.
Alternatively you can discuss this report in our forum .

RSS TrackBack URL


Related News

This entry was posted on Thursday, November 29th, 2007 at 12:55 am and is filed under Business News, General, Latest News . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Translate: Translate to EnglishÜbersetzen Sie zum Deutsch/GermanПереведите к русскому/RussianΜεταφράστε στα ελληνικά/GreekVertaal aan het Nederlands/Dutchترجمة الى العربية/Arabic中文翻译/Chinese Traditional中文翻译/Chinese Simplified한국어에게 번역하십시오/Korean日本語に翻訳しなさい /JapaneseTraduza ao Português/PortugueseTraduca ad Italiano/ItalianTraduisez au Français/FrenchTraduzca al Español/Spanish


ALSO SEE
Instant Download
RINF Exclusives
RINF Classified Ads
Get to the top of Google

Forum

Network This Report

These icons link to social bookmarking sites where readers can share and discover new web pages.
  • del.icio.us
  • Technorati
  • Digg
  • StumbleUpon
  • Slashdot
  • Reddit
  • YahooMyWeb
  • Fark
  • Netscape
  • Furl

Email This Page To A Friend


Breaking Headlines
Stay Informed
RINF News Archives


Small Business Support
In light of the current financial climate, RINF has decided to support small & home based businesses. Give your support...
Hotels Morecambe
Web Hosting Reviews
Log Splitter
Home based business opportunities
Find Office Chairs
WoW guide reviews
Get Ghillie Suits
Best weight loss pills
Online Dating
Site Maps: 2003 - 2005 Archives | 2005 - 2007 Archives | 2007 - 2008 Archives | Current Archives | Alternative News Media
Usage of this document is covered by the Creative Commons Attribution-Non-Commercial-No Derivative Works License
Privacy Policy | © Copyright RINF NEWS - All Rights Reserved