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Agent Provocateur Litespeed at your service. Clandestine operations by appointment.

It's all Litespeed's fault. He mentioned Abbott on page one, and that was enough to send Nev into his usual rants. DO NOT mention anything other than Ukraine reports in this thread. If you must, start a new topic.

Isn't that the basis of my post about the intention? I have no doubt about this. But that doen't, IMHO, change the fact that oil is the primary interest of the US, and Israel in this case is a smokescreen. I am not suggesting Chump is even driving it.. he may well be a puppet. The empire is in decline alright; the fall of Rome comes to mind. They won't go bankrupt for some time; and it is doubtful they ever will. The UK would have defaulted on its debt in 1976 but got an IMF or similar loan to keep it afloat. This was because of a sharp drop in teh £, but that was caused because of a banana republic type economy at the time. I think it is fair to say the UK never really recoverd and the EU gave it a bit of a lifeline. The US is likely to go the same way. From a credit risk perspective, a country can never go broke. It can continue to print its way out of problems, which will compound its internal economic woes; if they have debt denoted in a foreign currency they ahve to print more and accept hyperflation; if it is in their currency, their creditors get less. In credit risk, we treat each sovereign country as a going concern. We attache a CLR - Country Legal Rating; this means that we determine a ranking of how much they conform to the law. The US (even under Chump), the UK, Canada, Australia, NZ, most of western Europe and some of the central/eastern European countries all rank 1 (highest). Whilst their credit ratings will move, they are generally considered almost risk free (techncally the US is risk free, but that may change) in the sense that even if they default in their payments, you do eventually get it back with the back interest paid; it costs you to fnd the difference of the duration, though.