Posted on 08/06/2011 9:42:35 AM PDT by fight_truth_decay
State news agency Xinhua said unless the US cut its "gigantic military expenditure and bloated welfare costs," another downgrade would be inevitable.
But other countries, such as Australia, France and Japan, said they retained their faith in US bonds.
(Excerpt) Read more at bbc.co.uk ...
lol
yeah, love those goofy translated “instructions”
I know.
The Chinese teacher at my kid’s school wanted to take a bunch of kids over there this summer. I said I wasn’t sending anybody to Communist China.
The thirdworld immigrants are going to have a big advantage when we become a thirdworld nation. They’re used to living in squalor.
If it was so predictable how dumb were the world markets not able to have made earlier cost/price considerations into the equation? I agree it was always jumpy, stalled or dealing with a cliff hanger but still...............a fall like that which goes down in the record books?
Ah..the promises & lies announced to the world press by Obama, Pelosi, the Congress/Boehner Plan, the MSM all said.....but most of us understood the dirty fighting fear tactics.
However, Boehner did [defend himself] say after "the fall" :
" Boehner revealed that he had seen this coming[ah investors around the world thank you--little Late?]. “In May, I warned, ‘if we don’t act boldly now, the markets will act for us very soon,’” Boehner said. “It is my hope [hate that word] this wake-up call will convince Washington Democrats that they can no longer afford to tinker around the edges of our long-term debt problem. As S&P noted, reforming and preserving our entitlement programs is the ‘key to long-term fiscal sustainability,’”--
Politicians believed it but the brains in the markets didn't--are we suppose to believe that???
So they all knowingly [they said they predicted this would happen] risked "people's money" to win in a political wrestling tag match? [to even be continued at another date?]
Chinese forestry, Muddy Waters, China, the Government.
So China has flooded the US with crap products for decades and in return they got...crap treasury bills. Sounds about right.
If we raise the debt ceiling and nobody will lend us money, what good is it? Someone please answer this for me.
We still HAVE revenues coming in--we just have to end wasteful spending be cost cautious, make a budget and live within our means.
If you read the entire story and links above, it shows the world is still investing in the US. Russia said a drop in ratings meant nothing to them we are still in good standing AA. Ratings and rating agencies {police raid offices of Moody's or S&P reported yesterday in Italy} are always suspect.
However, I was just reading this long piece by The Zeitgeist Movement:
THE ZEITGEIST MOVEMENT -
OBSERVATIONS AND RESPONSES
Activist Orientation Guide
http://www.thezeitgeistmovement.com/The%20Zeitgeist%20Movement.pdf
"There is no ‘Republican’ or ‘Liberal’ way to design an airplane… so why do we use these outdated worldviews in society today? When we recognize that society is a technological invention, with its component variables really no different than the component variables of an airplane, we then see that our orientation towards so called “government” should be purely scientific. ‘Politics’ is now outdated, for its processes are largely subjective and without scientific reference. Politics is an outgrowth of the monetary system and scarcity. We now must work towards a new, emerging paradigm – moving from a period where the central problem was the sharing of scarcity , to the problem now being one of creating and distributing abundance. Government and the concept of the “State” will eventually be outgrown entirely and replaced by an objective system of global resource management and technological organization. In a system of abundance, the “State”,as we know it,has no basis to exist."
"When it comes to human behavior, society today attempts to control itself by way of threat ,using Laws."
Government does not create any products that makes the economy tick, tick, tick..make no product; but take the fruits of income from the consumer and the seller company with multiple taxes on the same goods.
The Brady initiative in 1989 focused on debt reduction tragedies.
The Brady initiative, announced in March 1989 by U.S. Treasury Secretary Nicholas F. Brady, marked a change in U.S. policy towards the debt crisis. Given the persistently high levels of foreign debt, the initiative shifted the focus of the strategy from increased lending to voluntary, market based debt reduction and debt service reduction in exchange for continued economic reform by debtor countries.
The Brady Initiative [key words] back in 1989 offers history on a debt crisis.
Revenues: There is always a need for a product and investment into a new idea to replace an old idea which builds into a company to provide a said product or services which pays the workers in that job force to produce or provide the newest technology [an idea based on an another idea before them. Einstein even said so] to produce like or even competitive goods which fill a need or a want to own by a buyer. [In my struggle to explain] there comes a time when there is no need for government to say they make jobs, pay workers when they do not--they only become the burdens or leaches who feed off the ideas of men/women -- who have made the jobs that build the better life for families and provide for their own needs.
So what need are we for government?
Agree,Regulations may be needed, but over regulations [out of a need for politicians to show they are doing something to those that finance their elections] prevent the idea from becoming fruitful to all involved in its development.
The governments should worry and all these politicians because a new world may come as Pelosi said it would; but not as we know it--perhaps not as THEY have grown to know it, comfortable in thinking that we need them when the opposite is true. They do not make up spokes in the wheel, only the rock in the road that breaks the wheel teaching us to go around it next time.
We have had debt ceilings raised prior-- 74 times. Ten of those times have occurred since 2001.
We are still the greatest!! Our politicians, not so much.
http://www.freerepublic.com/focus/f-news/2759988/posts
Note the charts and China has the same credit rating lol
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.