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China downgrades US credit rating
http://tickerforum.org/akcs-www?post=171700 ^ | Nov. 9, 2010 10:08am | Tuneman

Posted on 11/09/2010 9:04:47 AM PST by The Comedian

Tuesday, November 09, 2010 10:08:03 AM (CH) Chinese rating agency Dagong Global Credit downgrades US credit rating due to QE program (update) - Chinese press - Cut long term US sovereign rating one notch to A+ from AA, with a negative outlook. - "The serious defects in the U.S. economy will lead to long-term recession and fundamentally lower the national solvency. The credit crisis is far from over in the United States and the U.S. economy will be in a long-term recession." Weaker dollar will hurt US ability to attract dollar capital reflow. "In essence, the U.S. government's move to devalue the dollar indicates its solvency is on the brink of collapse"

- NOTE: Dagong cut the US sovereign rating from AAA in July 2010.

(Excerpt) Read more at tickerforum.org ...


TOPICS: Business/Economy
KEYWORDS: china; chinese; credit; creditrating; debt; dollar; economy; qe2; recession; solvency
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To: Logic n' Reason

It’s all been long planned and engineered by these folks:

http://www.freerepublic.com/focus/news/2475963/posts?page=60#60

Who have been convinced by the critters that the world MUST

be reduced to a global population of 200 million in order for mankind and the planet to survive at all.

Besides 200 million slaves are a lot easier to control than 6 billion plus.


41 posted on 11/09/2010 10:19:31 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: Uncle Ike; GeronL; The Comedian

Just my thoughts....


42 posted on 11/09/2010 10:20:34 AM PST by Logic n' Reason (You can roll a turd in powered sugar; that don't make it a jelly donut)
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To: Quix; The Comedian

Mystery Missile Over Los Angeles

http://www.kpsplocal2.com/Content/Headlines/story/Mystery-Missile-Over-Los-Angeles/9V2CuWBlc0mWE8aaYjXfRg.cspx


43 posted on 11/09/2010 10:28:53 AM PST by Lera
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To: Quix; The Comedian
Thanks for the ping Quix!

TC, can you elaborate any on this "Insanity/Wave" discovery?

Thanks in advance!

44 posted on 11/09/2010 10:31:08 AM PST by aragorn (We do indeed live in interesting times. NRA, GOA, SAF, CCRKBA. FUBO.)
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To: Logic n' Reason

I remember, writing a long time ago, about a gotterdammerung, wchich is when there is a winnowing out of the weak and the strong coming through. We’re in the beginning of one right now. At the moment, the people with a certified skill are the ones who will be setting up shop and succeeding while the philosophy majors are going to be falling to pieces. In the Old South, the shopkeepers and farmers and people in construction survived while the ones who depended on slave labor and lived leisurely on their incomes fell to pieces. Same withe the French aristocrats who spent more than they had and lived on credit. I see a collapse coming, that should have happened sooner and the bailouts only postponed the inevitable. If we let families who lived like kings on a pauper’s income fall apart and make them start over, the rest of society would move ahead just fine. Poeple wiht not too much to lose are going to do just fine; those who stupidly made speculation a career choice are the ones who will fall.


45 posted on 11/09/2010 10:32:11 AM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Quix

Yes, inevitibility is about to happen. I can only hope that once the SHTF that many FReepers on here have the ability to get through.


46 posted on 11/09/2010 10:35:13 AM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: The Comedian
I encourage everyone in the strongest terms possible to be on exceptionally high personal alert for, well, geez... Everything I guess...

Too long for a tagline.

Pity.

47 posted on 11/09/2010 10:36:07 AM PST by null and void (We are now in day 658 of our national holiday from reality. - 0bama really isn't one of US.)
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To: The Comedian
Weaker dollar will hurt US ability to attract dollar capital reflow... yeah, right. It means the US is on sale and you can pick up assets below market value because the curency is temporarily distoriting prices downward. These bastards are talking their own book and hoping other buyers get scared away.
48 posted on 11/09/2010 10:43:24 AM PST by ameribbean expat
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To: Niuhuru

IF

the perceptiveness of a lot of them is any clue . . .

IF

the DEGREE of well aware, informed perspective is any clue . . .

IF

the amound of knowledge and understanding is any clue . . .

it will be a wonder if they can find a can to p*ss in and avoid doing it against the wind.


49 posted on 11/09/2010 10:46:04 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: Niuhuru
I'm guessing here....but "per capita", I believe the "useless" outnumber the "useful" in your scenario by at least 10 or 15 to one.

What will the "useful" do with all the "useless" gumming up the works?? Kill them? Starve them out? Send them to another country?

The folks with the useful skills will surely get along (tho it begs the question if a welder can also farm, or a carpenter can also plumb, or a farmer also be an electrician), but how will they handle the "useless"?

Who will ultimately make the decision of "who wins and who loses"?

And...speaking plainly...what precisely is meant by "fall to pieces" and "fall apart"...and who is it that is going to help them "start over"...and start over doing what?

How does a man and wife without income and no skills...and by the way, 68 and 65 respectively - start over?

Just my thoughts....

50 posted on 11/09/2010 10:48:58 AM PST by Logic n' Reason (You can roll a turd in powered sugar; that don't make it a jelly donut)
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To: Logic n' Reason

Please stop being so antagonistic.

I’m not talking about seniors who are being stripped of their savings or about making decisions on who is and isn’t useless. The smart people who have solid skills and work to get them are the ones who will make it through. The farmers/carpenters/plumbers/welders will form an interdependent network helping each other. I have no real idea on how the others will survive, I really don’t. Something will be formed though and not based on PC, I can promise that. The elderly will hopefully have family to help them, and good friends. But the real problem is that the hard working and skilled will face a horrendous burden, which they might well refuse to carry. Rightly.

Stop picking at me and please STOP pushing me to figure things out on my own.


51 posted on 11/09/2010 11:04:06 AM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Niuhuru
while the philosophy majors are going to be falling to pieces.

Oh great...


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

52 posted on 11/09/2010 11:04:50 AM PST by The Comedian (I really missed you. Next time, I'll adjust for windage.)
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To: The Comedian

I remember, writing a long time ago, about a gotterdammerung, wchich is when there is a winnowing out of the weak and the strong coming through. We’re in the beginning of one right now. At the moment, the people with a certified skill are the ones who will be setting up shop and succeeding while the philosophy majors are going to be falling to pieces. In the Old South, the shopkeepers and farmers and people in construction survived while the ones who depended on slave labor and lived leisurely on their incomes fell to pieces. Same withe the French aristocrats who spent more than they had and lived on credit. I see a collapse coming, that should have happened sooner and the bailouts only postponed the inevitable. If we let families who lived like kings on a pauper’s income fall apart and make them start over, the rest of society would move ahead just fine. Poeple wiht not too much to lose are going to do just fine; those who stupidly made speculation a career choice are the ones who will fall.


53 posted on 11/09/2010 11:11:42 AM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: aragorn; Quix
TC, can you elaborate any on this "Insanity/Wave" discovery?

Sure.

The underlying words/concepts at lower layers that basically distilled up into "Insanity/Wave" include the intersection of 3 primary sets:

(madness, crazy, insane, irrational, psychotic, bizarre, odd, freaky, strange, nuts, criminally insane, aggressive, unexplained, fear, terror, murder, assault, suicide )

and

(individuals, people, groups, loner, person, stranger, family, social )

and

(wave, pattern, increase, crescendo, peak, expand, enlarge, gain)

Looks like some sort of fear experience causes or is caused by (can't tell which) some sort of aggressive insanity.

Nice, huh?


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

54 posted on 11/09/2010 11:20:43 AM PST by The Comedian (I really missed you. Next time, I'll adjust for windage.)
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To: Logic n' Reason; Niuhuru

” Just my thoughts.... “

I hope you don’t mind if I take a swing at this —

If the collapse is as complete as postulated, one rule will be in effect: “Survivors will survive - others won’t”, and there will, in all probability, be a ‘Great Dying’....

(Post Katrina, while all of the ‘stranded’ were getting media attention wailing and squawking for Gummint to come save them, a large number also quietly packed what they could carry and walked out to safety... There’s a lesson in that...)

And it’s less dependent on one’s particular skills, as much as on one’s outlook/attitude — a Master Union Plumber who will only do plumbing will probably starve, while a Computer Programmer who is willing to turn his hand to anything will probably survive - and maybe even thrive....

“(tho it begs the question if a welder can also farm, or a carpenter can also plumb, or a farmer also be an electrician),”

I am none of the above, but I can weld, farm, plumb, and build - as well as cook, sew, hunt, fish, and so forth - well enough to get by, and that’s all that’s required for survival....

As for your elderly couple with ‘no skills’ - that’s a false premise, if they can watch children or care for the sick...

And, finally - the ‘secret’ is going to be in building communities - those who take the attitude of “I’ve got guns and ammunition and I’ll just hole up and protect my ‘I’ve got mine’” will soon fall by the wayside, while groups acting cooperatively will have a better chance, both in terms of individual survival, and, even, in terms of ‘quality of life’......

So, things will get miserable for a while, and surely bloody, but not hopeless... (Unless one’s ‘hope’ is a short interregnum followed by a joyous return to status-quo-ante, in case one will be disappointed... ;))

My $0.02


55 posted on 11/09/2010 11:31:50 AM PST by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Niuhuru
I remember, writing a long time ago, about a gotterdammerung, which is when there is a winnowing out of the weak and the strong coming through. We’re in the beginning of one right now.

Thank God.

It's long overdue, and the parasites are killing us.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

56 posted on 11/09/2010 11:32:28 AM PST by The Comedian (I really missed you. Next time, I'll adjust for windage.)
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To: KarlInOhio

That would be to their detriment. Who else are they going to invest into?


57 posted on 11/09/2010 11:35:28 AM PST by BenKenobi
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To: The Comedian

Collapse is coming and to be blunt, I think the US needs a dose of Third World living to save us from ourselves. I look foward to a system collapse and seeing all these welfare moochers forced to get themselves together. And seeing the benefits dry up for all else. I’m sure that it’ll also enable the hardowrking to shrug off the dross and really be able to enjoy the fruits of their labors.


58 posted on 11/09/2010 11:36:49 AM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Niuhuru

Who’s going to pass on these skills from one generation to the next?

I realise that you think philosophy is useless, but it’s essential if you are going to have something to pin your hat on. I mean heck, you can go with this whole survival of the fittest, but that’s not a great outcome for the individual farmer who has considerably more produce than he can reasonably defend.

If you want a working human society you need a philosophy of some sort to tie everyone together.


59 posted on 11/09/2010 11:41:09 AM PST by BenKenobi
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To: The Comedian

HMMMMMMMMMM


60 posted on 11/09/2010 11:43:50 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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