To: Nuc 1.1
Another thing we can thank the American Communist Democrat Party and their pubbie allies for. When this happens, and it will, there will be misery here the likes of which we cannot imagine. I doubt many people understand what a currency collasp is like - especially one that we don't EVER recover from... at least not in our lifetimes...
14 posted on
08/07/2011 9:29:13 AM PDT by
GOPJ
(The United States is BROKE because dems can't control their spending - STOP CHARGING dems-STOP NOW)
To: GOPJ
Yep. A sad state of affairs. Babylon the great is fallen is fallen, never to rise again. (Revelations) I always thought that statement was about us.
28 posted on
08/07/2011 9:55:02 AM PDT by
Nuc 1.1
(Nuc 1 Liberals aren't Patriots. Remember 1789!)
To: GOPJ
Course Standard & Poors is so far the only one that downgraded, but I heard on FOX news that it takes 9-18 years to recover the higher rating. The quickest time period where it’s been accomplished has 9 years so we’re probably looking at - at least that to raise back to a triple A.
I just hope the other one’s don’t follow suit, right now they’re saying they won’t downgrade. I seriously doubt they want the financial crisis we’d be in if they did.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson