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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: Niuhuru

How many philosophy majors were in one coherent piece to begin with?


61 posted on 11/09/2010 11:46:36 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: The Comedian; xsmommy

Does this start Glenn’s 15 day scenario?


62 posted on 11/09/2010 11:48:03 AM PST by NeoCaveman
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To: The Comedian

The globalists have a plan for the

useless eaters . . .

that will make the Nazi’s look like Sunday School teachers on a picnic.


63 posted on 11/09/2010 11:49:54 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: NeoCaveman
Does this start Glenn’s 15 day scenario?

15 days if we're lucky.


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

64 posted on 11/09/2010 12:00:57 PM PST by The Comedian (I really missed you. Next time, I'll adjust for windage.)
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To: Logic n' Reason
Is the US itself now considered “too big to fail”? And if so, to whom (or what) does the US look for “assistance”?

The Jewish Carpenter of last resort.


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

65 posted on 11/09/2010 12:08:39 PM PST by The Comedian (I really missed you. Next time, I'll adjust for windage.)
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To: Quix

Watch and pray.

Even those who do not pray, it’s time to start.

When t.s.h.t.f. each one of us will be better off if we are so prayerful that it’s our first response. Start praying, if it gets worse, pray harder.

I’m serious. Series too.

Cultivate prayer in our lives.

As if our lives depended on it.

And they do.

Both in this life and the next.


66 posted on 11/09/2010 12:08:43 PM PST by Joya
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To: The Comedian

TC, thanks for everything.


67 posted on 11/09/2010 12:09:13 PM PST by Joya
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To: Niuhuru

“all these welfare moochers forced to get themselves together”

Trouble is, those moochers will be out stealing, looting and killing from you and I. (personally not going to allow that for as long as possible)

They’re not going to get themselves together.


68 posted on 11/09/2010 12:15:53 PM PST by wolfcreek (http://www.youtube.com/watch?v=Lsd7DGqVSIc)
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To: wolfcreek

Good point. The US brought this on because we didn’t put a stop to the welfare perks in the first place. It should have stayed limited to those who don’t have kids out of wedlock and to people who are sipmly going through a bad phase.


69 posted on 11/09/2010 12:18:37 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: BenKenobi

I mean the idiots who decided to get fluffy degrees and disdain honest work. I’m sure that new societies will form and that should be interesting to see. Farmers will be a priority for defense and villages will form, likely in the feudal form for some time.


70 posted on 11/09/2010 12:20:28 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Joya

INDEED!


71 posted on 11/09/2010 12:24:43 PM 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: NeoCaveman

Good grief!


72 posted on 11/09/2010 12:26:55 PM PST by xsmommy
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To: Niuhuru

Perhaps. But you might want to ask yourself who’s seen further than anyone else.

Feudalism is gone and it isn’t coming back. The structures that were required for feudalism to operate no longer exist.

For one, there is no surplus labour.

Two, 80 percent of the population is confined in the cities.

Three, the technology that would permit them to defend themselves also no longer exists.

No, any society is going to be formed along religious lines. They are the only philosophy that would permit large groups to get together in common defense. They also have the desire to rebuild, preserve and keep things together.

The problem for farmers is simply how much land they would have to protect and defend. With the mechanisation of agriculture, very very few people actually work the land.

Most fields per se are impossible to defend in any concrete fashion.

The second problem is where are the young people? Very few of us live in the rural areas. You can’t run a society without young people. Perhaps 70 years ago when the family would grow together and work together on the farm, you would have an argument, but you don’t see this much anymore.


73 posted on 11/09/2010 1:06:53 PM PST by BenKenobi
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To: BenKenobi

I don’t have all the answers, but I do know that in time, things will be restructured. Which will be interesting to see and experience.


74 posted on 11/09/2010 1:16:26 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: maddog55
And so it begins...

I'm kicking myself for not saying that first.


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

75 posted on 11/09/2010 1:16:57 PM PST by The Comedian (I really missed you. Next time, I'll adjust for windage.)
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To: The Comedian

Not going to last they just changed the rules

http://www.zerohedge.com/article/when-banks-dont-results-cme-just-changes-rules-full-revised-silver-margin-schedule

flashback

http://www.rapidtrends.com/hunt-brothers-demanded-physical-silver-delivery-too/


76 posted on 11/09/2010 2:13:45 PM PST by FromLori (FromLori)
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To: Joya

This is SO true!!!

It has been my prayer for me and my family since this summer that God will prepare us spiritually for whatever comes. And to help us keep our hearts fixed on Him.

This has helped me to stay more calm.

But that insanity wave stuff, YIKES!!! I am so glad that I have been praying hard about what is coming, it surely sounds shocking to the point where people lose it.


77 posted on 11/09/2010 3:53:25 PM PST by TruthConquers (Delendae sunt publicae scholae)
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To: The Comedian
Looks like some sort of fear experience causes or is caused by (can't tell which) some sort of aggressive insanity.

So, as an extreme novice in this discipline, what I understand is that there is "some kind of [wide spread?] individual- or group-oriented psychotic / bizarre / unexplained behavior" reaching a peak at or during the given time frame?

I don't really know enough to comment on the phenomena at this level. Still, your comments are certainly interesting!

I'd have to know a lot more about how the primary data sets are chosen, gathered and evaluated to draw more significant conclusions. That is, I presume, the subject of your investigation. It looks quite interesting!

78 posted on 11/09/2010 4:07:52 PM PST by aragorn (We do indeed live in interesting times. NRA, GOA, SAF, CCRKBA. FUBO.)
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To: Quix; The Comedian
"...Some sort of planet-wide ... mental destabilization."

If/when the economic system grinds to a halt there will be 25-30 million in this country alone who will suddenly be off their antidepressants.

Nice.

79 posted on 11/09/2010 4:12:13 PM PST by oprahstheantichrist (The MSM is a demonic stronghold, PLEASE pray accordingly - 2 Corinthians 10:3-5)
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To: Niuhuru

Hatii is going to have a higher standard of living than we will after the Democrats finish financially raping us. it all gos back to “Teach those damn Republicans a lesson” in the 2006 and 2008 elections. Naturally, in 2008, the Republicn Party did everything in their power to aid and abet.

As the old saying goes, “You ain’t seen nothing yet.”


80 posted on 11/09/2010 4:37:33 PM PST by sport
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