4 ms·
Defending currency has to have some quip, right? Something like, "The market can remain honest longer than your central bank can stay solvent"? Always seems to
by cco 1mo ago
Defending currency has to have some quip, right? Something like, "The market can remain honest longer than your central bank can stay solvent"?
Always seems to go wrong. Like spraying water on a forest fire with a straw.
- incognition 1mo agoif we all pile in, itll be bank of england redux
- downrightmike 1mo agoCurrent moves have been to implode all currencies, but peg the dollar to petrol, so it floats slightly higher on the pile. The only ways to pay back 120%+ GDP is hyper-inflation or a debt jubilee. Given the South Seas company debt interest is still being paid back, doubt it will be the latter.