- From the King - CRASH_GURU, 05.01.2006, 15:11
From the King
-->Report:
The Independent (UK): Britons in debt to the tune of £1.13 trillion - “A debt-fuelled spending splurge at Christmas is set to push thousands of individuals into crisis and cause record bankruptcies in coming months as consumers struggle to pay off credit cards. According to the accountancy firm Grant Thornton, at least 20,000 people in England and Wales will become insolvent by the end of the quarter in March, and 66,000 individuals by the end of 2006. Both figures would be the highest since records of personal debt began 45 years ago.” http://news.independent.co.uk/uk/this_britain/article336255.ece The massive transfer of wealth from the West to Asia continues, unabated.
“The Iranian government has been successfully scouring Europe for the sophisticated equipment needed to develop a nuclear bomb, according to the latest western intelligence assessment of the country's weapons programmes.
Scientists in Tehran are also shopping for parts for a new ballistic missile capable of reaching Europe, with"import requests and acquisitions... registered almost daily", the report seen by the Guardian concludes.” http://www.guardian.co.uk/frontpage/story/0,16518,1677541,00.html
Perhaps gold & oil’s recent rallies are fueled by more than Putin’s embryonic economic war on the West.

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