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Blast From The Past: "is There A Risk The Us Could Lose Its Aaa Rating?" Tim Geithner: "no Risk"

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http://www.zerohedge.com/news/there-risk-us-could-lose-its-aaa-rating-tim-geithner-no-risk

All you need to know (from April 2011):

Peter Barnes “Is there a risk that the United States could lose its AAA credit rating? Yes or no?”

Geithner’s response: “No risk of that.”

“No risk?” Barnes asked.

“No risk,” Geithner said.

Video at the link.

I wonder if he would give the same answer now....

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Another blast from the past, Mr David Cameron MP, 2009:-

"Rise in inflation is worrying" - DC 2010

http://uk.reuters.com/article/2010/05/28/uk-britain-cameron-idUKTRE64Q6UU20100528

At the Conservative conference in October 2009, Cameron, then in opposition, said "printing money leads to inflation." He was referring to the Bank of England's quantitative easing programme, under which it bought assets with newly created cash.

Sorry OP to take your thread off topic a little, but the USA does not have a monopoly on that sort of say one thing and then....

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Another blast from the past, Mr David Cameron MP, 2009:-

"Rise in inflation is worrying" - DC 2010

http://uk.reuters.com/article/2010/05/28/uk-britain-cameron-idUKTRE64Q6UU20100528

At the Conservative conference in October 2009, Cameron, then in opposition, said "printing money leads to inflation." He was referring to the Bank of England's quantitative easing programme, under which it bought assets with newly created cash.

Sorry OP to take your thread off topic a little, but the USA does not have a monopoly on that sort of say one thing and then....

Let us not forget the immortal 'No More Boom And Bust' (mentioning nothing about bubble and squeak)

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Another blast from the past:-

“I will not allow house prices to get out of control and put at risk the sustainability of the recovery.”

Gordon Brown, 1997 Budget Statement.

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Another blast from the past.

Obama regrets 2006 debt-ceiling vote

Five years ago, a new U.S. senator from Illinois voted against raising the limit on how much debt the federal government could issue. He said it would be a big mistake.

“Increasing America’s debt weakens us domestically and internationally,” the senator said at the time. “Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

President Barack Obama, as it turns out, now believes his vote in 2006 was a mistake, according to White House spokesman Jay Carney.

“He realizes now that raising the debt ceiling is so important to the health of this economy and the global economy that it is not a vote that, even when you are protesting an administration’s policies, you can play around with, and you need to take very seriously the need to raise the debt limit so that the full faith and credit of the United States government is maintained around the globe,” Carney said Monday.

http://blogs.marketwatch.com/election/2011/04/11/former-illinois-senator-regrets-2006-debt-ceiling-vote/

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"There is no reason anyone would want a computer in their home." -- Ken Olson, president, chairman and founder of Digital Equipment Corp., 1977.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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