OFF-OFF Topic credit rating

[carlcisneros]

Well, looks like the S&P has downgraded the countries AAA rating to AA+ with uncertanty added to boot.
Looks like things are going to get more expensive folks.........................

and we just took our 3rd pay cut at work last week.



(move this puppy to another section if you need to)

[Brushless55]

and I just got laid off today for the 3rd time in the past 2 1/2 years!
kinda sucks....

[Dustin Sontag]

Im moving to canada.

[m4a1usr]

We live in an era when business and countries use debt to leverage their operating costs. Instead of producing something as their assets, they "paper" their way to surviving. And the fallacy is that the losses or recoverable assets can simply be renegotiated by reaching new agreements to the debt holders.

Well we see where it has led us. This might be the beginning signs of the global financial melt down. I posted a link recently, about the 1 billion dollar investment in short bonds leveraged around the US rating getting down rated to AA. Looks like that investor made 10 billion off that gamble. Its like Vegas for the rich. But a manipulation of the very system we use to base our growth. Not a promising future for sure.

John

[mm123521]

America lost most of its manufacturing jobs.
One thing it still had was the status of the US dollar, the most stable, reliable currency ever.
Then the butt heads on wall street and the big bankers sold junk mortgages to the rest of the world.
They sold out the dollar and Americas reptation.

One ironic note:
Standard and Poorers over rated those junk mortgages, and was part of the junk mortgage scam, now they have the gall to downgrade the US.
Two Faced Bums!!!

[carlcisneros]

yepper

and according to CNN, The Army is laying off 8,000 gov't employees.

[Steven Vaccaro]

over night the Nikkei is down about 200 or 2%. Gold is up huge, over 1,700. Get ready the dow is going to be bumpy.

[m4a1usr]

over night the Nikkei is down about 200 or 2%. Gold is up huge, over 1,700. Get ready the dow is going to be bumpy.

And I just sold off some,... tickled to get $1625. You know what they say. Its all about the timing. Guess I need to have mine checked cause I aint firing all on 8 cylinders lately!

John

[Steven Vaccaro]

At this point gold is better than most currency.

[sjslhill]

Obama the moron is destroying the nation.

[Rumdog]

Blame Obama. Everyone always blames somone. When is the last time ANYONE took credit for being part of the financial meltdown of the U.S?

The problem is that the U.S. doesn't have or manufacture anything that the rest of the world needs.

[sjslhill]

If you think Obama is good for the USA, your a Moron as well....we need to get rid of most of the morons in DC

Blame Obama. Everyone always blames somone. When is the last time ANYONE took credit for being part of the financial meltdown of the U.S?

The problem is that the U.S. doesn't have or manufacture anything that the rest of the world needs.

[Steven Vaccaro]

The problem is that the U.S. doesn't have or manufacture anything that the rest of the world needs.

Add a 20% tariff to anything that comes into the country and see how that changes.

[sjslhill]

Yes and drill for oil here and don't buy any. Drill for NG and use it, we have it all over the place. Stop giving everyone that hates us free food and money that they steal. Get out of those stupid countires that kill each other and blow themselves up