Showing posts with label B. Show all posts
Showing posts with label B. Show all posts

Tuesday, 17 May 2011

investing in leprechauns gold

www.city-journal.org/2011/eon0223td.html


The Worlds largest debtor nation the United States has hit its 2011 debt budget limit of 14 trillion .

Read The article by Theodore Dalrymple How The Irish Bubble Burst -microcosm of globel economics .

Ireland twice the size of Switzerland , it does have a well educated population and trade surplus - but there is no way its population could pay back a debt that is close on half a million US dollars per paddy - what's the in Euros?

The Irish gross external debt is close on half a million dollars for every person in Ireland -the little people exepted. That is the money owed to lenders in other lands eg The Royal Bank Of Scotland which lent $50 Billion .