Reply to: German conservative advises UK downgrade

[sasguru]

no no no.

This is classic Houdini. Create a distraction over there and perhaps everyone else shall not pay attention to our application of $1.25 trillion printing request.

The US and UK are hopping mad not a single euro has been printed whilst both face an ever growing need for massive devaluation.

Yes, the next "distraction" coming up is Greece defaulting on its debts.
Cretin.

[scooterscot]

The credit rating is based on an assessment of an ability to pay its debts, not how big those debts are.

no no no.

This is classic Houdini. Create a distraction over there and perhaps everyone else shall not pay attention to our application of $1.25 trillion printing request.

The US and UK are hopping mad not a single euro has been printed whilst both face an ever growing need for massive devaluation.

[scooterscot]

Did the UK bugger you senseless as a kid?

Never felt part of it. I could still count the number times I crossed the boarder over to England by the time I was 25. Twice.

[AtW]

If you want to be even more depressed, Britain has less gold than Iran.

Well that can be corrected...

[petergriffin]

He's not as stupid as most Germans. At least he's beginning to understand the Anglo-Saxon plot to destroy the Euro.
Mind you the Anglo-Saxons have always bested the Teutons - see the US, Canada, Australia, NZ.
Not one of their leaders has a German name

Because they changed their name to Windsor.

[Doggy Styles]

Italy has more than double Switzerland or China's gold reserves.

It sounds like they are going to need it!

[Moscow Mule]

Italy has more han double England's gold reserves.

There be a gold mine in Scotland, don't know about those in England though...

Italy has more than double Switzerland or China's gold reserves.

If you want to be even more depressed, Britain has less gold than Iran.

[sasguru]

How does he have a point? If anything he (like most Europhiles) is completely missing the point.
The credit rating is based on an assessment of an ability to pay its debts, not how big those debts are.
A major factor for the nations in question is the measures they can take with their currencies (and other financial policies) to resolve any problems they face.
Quite simply, the UK is master of its own destiny where the other EU countries are puppets to the needs of Europe as a whole.

Don't tax his brain cell with logic.

[Arturo Bassick]

German conservative advises UK downgrade | Reuters

He has a point...

How does he have a point? If anything he (like most Europhiles) is completely missing the point.
The credit rating is based on an assessment of an ability to pay its debts, not how big those debts are.
A major factor for the nations in question is the measures they can take with their currencies (and other financial policies) to resolve any problems they face.
Quite simply, the UK is master of its own destiny where the other EU countries are puppets to the needs of Europe as a whole.

[gingerjedi]

you get what you vote for

Did the UK bugger you senseless as a kid?

[scooterscot]

Remind us which Scottish politician (clue, he was the Chancellor of the Exchequer and then Prime Minister) who sold all our gold at a very low price......

you get what you vote for

[Waldorf]

Italy has more han double England's gold reserves.

There be a gold mine in Scotland, don't know about those in England though...

Remind us which Scottish politician (clue, he was the Chancellor of the Exchequer and then Prime Minister) who sold all our gold at a very low price......

[scooterscot]

"The situation was another reminder for Europe that it needs its own independent ratings agency, he added."

Would anybody listen to a European Ratings Agency if it rated its own credit-worthiness??

For the same reason markets listen to US agencies, they've no mind of they're own.

[KimberleyChris]

"The situation was another reminder for Europe that it needs its own independent ratings agency, he added."

Would anybody listen to a European Ratings Agency if it rated its own credit-worthiness??

Surely that's what triggered this whole damned mess in the first place...Americans self-certifying their own credit-worthiness to their two big mortgage lenders without evidence?

[scooterscot]

Remember the golden rule: he who owns the gold makes the rules.

Italy has more han double England's gold reserves.

There be a gold mine in Scotland, don't know about those in England though...