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05-23-2011, 05:10 PM #1
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US Backs Egypt, Gives New $1 Billion Sovereign Guarantee
US Backs Egyptian Bond Issuance, Gives New $1 Billion Issue "Sovereign Guarantee"
Submitted by Tyler Durden
05/23/2011 12:44 -0400
128 comments
Just because the US is having so much success convincing the world its debt is money good (but don't anyone dare count the $6+ trillion in GSE debt to the total US debt), the good old US of A has now decided to backstop the debt of... Egypt. Bloomberg reports: "Egypt plans to raise $1 billion by selling Eurobonds this year to diversify borrowing and finance a widening budget deficit after its economy was rocked by the worst political crisis in 30 years. The five-year bonds will be backed by a U.S. “sovereign guarantee,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
BEN BERGQUAM - THE BORDER IS WORSE THAN WE THOUGHT, BUT TRUMP...
05-18-2024, 02:46 AM in Videos about Illegal Immigration, refugee programs, globalism, & socialism