Posted on 07/25/2011 7:34:44 PM PDT by blam
Anyone who doesn’t think we are going to lose our AAA is S T U P I D.
Spooky Dude?
soros?
It couldn’t be Soros.
What odds do you want to give that it was Soros?
Soros.
He not only knows the Democrats’ position, he decides what it will be.
Super Scary Soros Scheme?
I agree.
I am no expert on the market. That said, I think it’s only a matter of time before interest rates rise. Who in their right mind would loan these fools in Washington more money at these ridiculously low interest rates? If you want me to loan you money, then you’d better pay me to take the risk. I don’t think it matters what “Moody’s” or “S & P” say. Who are they, anyway? Wasn’t Moody’s the one who was stamping all those credit-default swaps AAA, when any type of research would have shown they were junk?
George Soros??
Somebody is going to prison........
GS the big shorty
The rating agencies will downgrade the US when the Obama administration decides they should do so.
The rating agencies used to be independent, private businesses who issued ratings.
With the Democrats' new regime of regulation, the rating agencies have been de facto brought under the thumb of the US regulatory structure. They now exist at the sufferance of regulators and will play the tune the Obama administration wants.
If they issue a downgrade, it is because the Obama administration has determined that it is politically advantageous to the Dems to do so.
In reality, the creditworthiness of the US government was dinged some time ago by the combination of Democrat control of Congress in 2006 and the presidency in 2008 and the creation of the housing bubble, which destroyed trillions of dollars of national wealth.
For 10 to 1 stakes someone could try to fix the ratings.
And so it begins.....
They don’t call those guys bond vigilantes because they are kind and patient people willing to hope for the best.
I agree we need to loose the AAA rating and IT WILL HURT US ALL. The loss will hopefully bring some sense to Congressional spending and Zeros “dictatorial” leanings, which will hurt us worse with the collapse of the dollar.
Glad I've been buying Cold, physical and other wise.
I agree - it is inevitable that we lose our AAA rating. Jim Rogers began shorting USD last month, PIMCO began dumping treasuries long before that. The dollar is finished unless we have significant austerity measures in place this summer - we all know what the likelihood of that occurring is. China is ammused as they have been dumping USD for years — some say they’ve dumped about 1/2 of their holdings now. The dumping is actually spending in the form of long term resource/commodity aquisitions. These are a not matter of single upfront payments but payments over time, in USD. When those dollars hit the 3rd world, they will effectively be going from the deep freeze (China’s reserves) to high velocity. If we are not already in hyperinflation due to loss of confidence, this increase in velocity as latent price inflation goes to manifest will get things rolling.
That question goes out over the Blackberry - why do you think he was so insistent on keeping it?
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