tag:blogger.com,1999:blog-2948538160252327076.post2160267391122767712..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Bank of England extends its dollar credit linesAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2948538160252327076.post-8769923263640377592009-06-26T09:53:14.693+01:002009-06-26T09:53:14.693+01:00Your debt rockets in the foreign currency
But thi...<i>Your debt rockets in the foreign currency</i><br /><br />But this is not a problem since you intended to default all along and stick it to the lenders. Like they always do in Latin America.<br /><br />It may be bad form but what can they do?fajensennoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-81328671077698935662009-06-25T21:03:55.529+01:002009-06-25T21:03:55.529+01:00"reciprocal currency arrangements (swap lines..."reciprocal currency arrangements (swap lines)"<br /><br />Now it seems to me that this is something that could cause hyper-inflation. <br /><br />It's what 'did it' for pre-war Germany, and could do the same for us. Germany was obliged to service reparations after the first world war.<br /><br />Taking on obligations in a currency other than your own seems to me in the current climate to be reckless.<br /><br />Now if your currency collapses your foreign currency obligations rocket!<br /><br />Your debt rockets in the foreign currencyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-84369075225791550732009-06-25T19:52:41.489+01:002009-06-25T19:52:41.489+01:00A timely preparation for the next round of the cri...A timely preparation for the next round of the crisis.Roynoreply@blogger.com