G7 pledge scorched earth policy - no currency will be left with any value, no matter what
G-7 Pledges to Keep Stimulus Even Amid Budget Stress
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTXyM554cImg&pos=2
Feb. 6 (Bloomberg) -- Group of Seven finance ministers pledged to maintain the flow of stimulus into their economies even as investors focus on mounting budget deficits.“The position for most countries is to support the economies now and get the budget deficit down as the economy recovers,” U.K. Chancellor of the Exchequer Alistair Darling, 56, said in an interview in Iqaluit, Canada last night. “You will see a determination from the G-7 countries to do just that.”
Governments are trying to spur expansion by spending at a time when investors are increasingly shunning countries with rising debt burdens. The MSCI World Index of stocks fell to its lowest since October this week amid worries that Greece and some other European nations may default.
It's only paper. It's not like it's worth anything, so print baby print.
Nassim Nicholas Taleb, author of “The Black Swan” and a principal at Universal Investments LP in Santa Monica, California, said Feb. 4 that “every single human being” should bet U.S. Treasury bonds will decline, while Pacific Investment Management Co. calls U.K. government bonds “a must to avoid.”
I would add, everyone should own gold & silver.
Here are two very good options for buying gold & silver and having them stored for you in secure insured vaults:
Bullion Vault ......... and ......... Gold Money
For more details see this:
Why & Where to buy Gold & Silver
http://neuralnetwriter.cylo42.com/node/2535

So far the madness has not been enough, so they want more...madness.
Australian Finance Minister Says More Stimulus Needed (Update2)
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7yaAF022cas&pos=7
I heard a howler on the radio this morning.
Australia has managed to avoid recession
To be kind, I suppose politicians have to lie.
But come on, be serious, the REAL reason Australia, and many other countries have a problem is because of excessive debt in the first place.
If you get run over by a car, don't blame the car, blame yourself for walking out into the road with looking!
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