Video: Putin’s reaction to the Debt Ceiling increase
After we just downgraded the US economy to junk we seem to be in rather notorious company. Vladimir Putin, the PM of Russia, has come out saying that the debt ceiling hike in the US won’t fix the problems faced in the US.
In fact it is hard not to agree with just about everything he says:
Also note the references to countries starting to ditch the dollar and form their own reserve currencies. Although he doesn’t mention gold, we can’t help but feel that with the Federation buying 100 tons at the start of the year and increasing their gold reserves from 510 tons to 790 tons in 3 years, they also have an eye on gold once again being the international reserve monies of the world.
Related posts:
- The US Debt Ceiling… anyone for a game of chicken?
- Bloomberg show that money is debt: Gold vrs the ‘debt target’
- Rapid Increase in Demand for Gold from India Ahead of Festival and Wedding Season
- World Gold Reserves
- Spot the bubble: The rise of debt versus the rise of gold
Link to this article: : http://www.goldmadesimplenews.com/gold/putin%e2%80%99s-reaction-to-the-debt-ceiling-increase-4773/
Posted by Thomas Paterson on Aug 4 2011. Filed under Analysis, Gold and Silver Media, Gold News.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
