Thursday 2 July 2009

Mirror, mirror, on the wall. Who is the most in debt of them all?

Mirror: Why you are, o beautiful Witch of the West, Miss US of A. With your ugly step sister, Miss UK, a very close second.

The Baron interjects: factor that the US has about six times as many people living in it, to share the debt load... and suddenly Miss UK looks even uglier. Right readers?

The Baron feels he must also add: Factor as well that the US can just print up today's global reserve currency, the almighty dollar, and repay all of those debts tomorrow, if it felt like it. Of course it would very much cease to be tomorrow's global reserve currency, which would come with a significant amount of hardship, but that's a whole other story...

Gordon Brown rejoins: We are the nation best placed to recover quickly.

Yeah, of course Gordon. Muppet. :-\

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