I was going to talk about the Canine Rights Act today, but one of my regular readers has asked for my opinion on the US debt crisis and if I can explain where the money comes from and goes to. Well, Tony from Rainham, here goes:
The United States (a country even further away than France) used to have a AAA rating. This means that that it was run on very small batteries, like the one in my flashing collar. Because of the AAA rating it wos able to borrow money to buy kibble without anyone worrying that it wouldn’t be able to pay back the money at a later date. This is because it had a large biscuit reserve held in Fort Dogs. However, cos the Americans have eaten more kibble than they had (hence being so fat) they have had to borrow more and more money (even more than the biscuit reserve). Last week the people wot do all the talking in the Kennel of Representatives just went on and on without really dealing with the problem. So the Biscuit Rating Agency, Standard and Poodle, said that they have to have a bigger battery. Now the Chinese, wot lend the money for kibble have put up the interesting rates. Easy!
Now the problem in the Euro Zone is different. This is to do with the PIIGS. It appears that these PIIGS have run up loads of debt. This doesn’t surprise me cos I see PIIGS every week at White Horse Farm and they are dirty great big fat animals wot run at the gate and frighten me. These PIIGS wot names are Portugal, Ireland, Italy, Greece and Spain, are a nightmare and keep annoying France and Germany (which is a good thing). Ultimately though they get turned into sausages – which are nice.
Finally, I keep getting asked where I invest my pocket money. I recommend:
- Eukanuba – owned by Proctor and Gamble. Share price (COB 05.08.11) 60.6p
- Pets at Home – owned by Kohlberg Kravis Roberts & Co. Share price (COB 05.08.11) 8.75p
- Bones – always a good standby when the stock market gets jittery. However with inflation and worms the value of this commodity may fall.
- Property – if you own your own mortgaged kennel then you should be thinking of paying off a bit extra each month with interest rates so low.
Legal notice: The value of most investments and any income they generate can go down as well as up, meaning you may not get back the full amount you invested.
I hope this answers your question Tony from Rainham.
For further advice, come to see me at The Old Cider House, Dog Friendly Bed and Breakfast Accommodation, Nether Stowey, Quantocks, Quantock Hills, Somerset.