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Dollar did not crash because we were never defaulting.
1 posted on 07/24/2011 3:10:53 PM PDT by scooby321
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To: scooby321

Ben and Timmy will NOT be pleased...


2 posted on 07/24/2011 3:13:16 PM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: scooby321

I guess they’re going to fall back on the social security and military checks again. Since the default drop-dead date is really Aug 10th, Boehner should just let it go there and make barry eat his words that Aug 3rd ss/mil checks won’t go out.


4 posted on 07/24/2011 3:19:58 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: scooby321

How about this scenario. The debt ceiling is not raised. The government can only spend what it brings in. Voila, a balanced budget. The markets react favorably because not only can the US pay the interest, it is balancing its budget.


5 posted on 07/24/2011 3:20:13 PM PDT by Former Proud Canadian (We .. have a purpose .. no longer to please every dictator with a vote at the UN. PM Harper)
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To: scooby321
"Dollar did not crash because we were never defaulting. "

No, the dollar is not losing further ground (it's been crashing for years) because there are a few brave souls who believe the GOP may not cave to the commies.

7 posted on 07/24/2011 3:25:41 PM PDT by Mariner (War Criminal #18)
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To: scooby321

LOL! Oh, there’ll be a default. Bipartisan socialist policies have consequences.


8 posted on 07/24/2011 3:37:52 PM PDT by familyop ("Plan? There ain't no plan!" --Pigkiller, "Beyond Thunderdome")
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To: scooby321

9 posted on 07/24/2011 3:39:41 PM PDT by newfreep (Palin/West 2012 - Bolton: Secy of State)
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To: scooby321

Kenyan shilling does not look good,

http://www.google.com/finance?hl=en&sa=X&biw=1280&bih=905&q=CURRENCY:KESUSD&ei=wZssTtW3FYTqgQea74yuCw&oi=currency_onebox&ct=currency_onebox_chart&resnum=1&ved=0CBYQ5QYwAA


10 posted on 07/24/2011 3:43:32 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: scooby321

Gold is up $16 to a new high of $1618. It appears the gold bugs have no confidence in Washington fixing the problem other than by printing some more worthless paper dollars.


11 posted on 07/24/2011 3:55:39 PM PDT by Presbyterian Reporter
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To: scooby321

I’m entering a long Aussie Dollar/short USD position right here, at 1.0835

Also considering a Singapore Dollar long...


14 posted on 07/24/2011 4:05:59 PM PDT by oblomov
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To: scooby321

I knew it. If the US acts like responsible adults, the market will go up.

How to act like responsible. DO NOT raise the debt ceiling and don’t spend money like water


20 posted on 07/24/2011 7:20:32 PM PDT by yldstrk (My heroes have always been cowboys)
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