The downgrading of the US ratings has begun...
http://news.yahoo.com/chinese-agency-downgrades-us-credit-rating-014637515.html
Now that our Congress has decided to pass a basic "do nothing but punt" debt bill will we recover? Will DC stop spending? I doubt it. DC wants "business as usual" to continue. Talk about heads up their butts!!! Our Government is broken yet they insist it must be "busniess as usual".
soon as they drop all the T-bills they are holding of ours to the the FED reserve, who is the ONLY people buying US debt these days..
and do ALL they can to knock us from the ''world reserve'' currency
We are about to engage in a currency war, with China...Moody's is about to downgrade China, which will be a HUGE joke, since they have the strongest currency in THE WORLD right now -
LOL - it will be about as big of a joke to downgrade China, as it is to keep our triple A credit rating..
Moody's is a HUGE jokester, they're just some funny bankers, with their hands in our pie, and head up wallstreets ass
-- Modified on 8/3/2011 4:37:07 AM
We have become a country of “individualists” lead by the “unscrupulous”.
Instead of reading your conspiracy websites, maybe you should read something else. You could try looking at the Census Bureau website, and looky and see which nation the US has the biggest trade deficit with.
http://www.census.gov/foreign-trade/top/dst/current/deficit.html
And surprise! Ding! Ding! Ding! China, by far, is in the number one spot. That means for last month alone, China made 24 thousand million dollars off of US consumers.
Now what would happen if they dumped all their treasury holdings onto the world market? The US dollar would collapse, and Chinese exports would skyrocket in price, which would make them FAR less competitive.
What a fucking idiot.
Pun intended...
Are you saying they're not downgrading us>?: are you saying ALL this is fake? and they have HUNGER for American debt?
Why don't you atleast stay on topic, ok?
here is a YAHOO SEARCH with lots of links about the ''currency war'' china and The US ARE ENGAGED IN..
Wke the FUCK up willy, and open your eyes on ALL the reasons China would allow us to run such a HUGE deficit with them...
IT'S BECAUSE THEY KNOW IT WILL HELP COLLAPSE THE DOLLAR
The east and the west do not fight wars the same way, look at the middle east, or ANYONE in the middle east we're at war with, they all use stratigy, and plans, we just use bombs.. The East fights wars by out smarting you, the west fights wars with guns and bombs, and a quick look at our present situation, or even anywhere through history will show you this is true, are you really this clueless willy? Or is some of this for ''pretend''?
They call China the ''sleeping dragon'' for a reason..
BTW, scams had a YAHOO link IDIOT
-- Modified on 8/3/2011 5:27:04 AM
a 1 triillion $ interest in NOT seeing our currency crater. notwithstanding the hit it would take in the value of it's T-bill holdings, NO seller likes to see it's #1 buyer go bust either. Think about it..
OTOH, i get what you are saying but i think the unraveling will be, in Chinas best interest, more order. but an unraveling nonethless.
and this is why they would allow such a huge deficit..
Thanks though..
I knew what your point was willy, but not what you were saying since China IS OBVIOUSLY dropping the dollar, and they called for a new world currency along with all the other BRICS nations, and they ARE downgrading us, this is on mainstream news articles too - so I asked what you were saying, because no matter how big that deficit is with them, they are dropping the dollar, and trying to replace it..So looking at the trade deficit don't mean shit, and China IS OPENLY calling for not only a new reserve currency for the world, but they're dropping us dollars like hot cakes ALL OF THIS HAS BEEN IN THE MAINSTREAM TO WILLY
But it is rather obvious at this point China loaned us all this money, and held so much of our debt, and ran such a HUGE trade deficit with us so they could collapse the dollar, and the economy..
I mean look how cheap they made the stuff, they did this for 2 reasons to take our jobs, and to make the market tilted in their favor so we would buy ONLY their goods...
Willy look what happened to our jobs because China was so cheap in production,, they ALL went over there, not only that but that deficit counts AGAINST our dollar and China KNEW this would happen...
It's deffinitly obvious willy WHY we have such a deficit with them, because they ARE dropping the dollar and calling for a new reserve currency -
Hey wars cost money- PERIOD
No matter if your bombing the hell out of a country, or fighting a more silent war with currency's
-- Modified on 8/3/2011 9:12:45 AM
Why bother to do anything ?! We're all doomed !
WAAAAAHHHHH !
Wonder if any of the Germanic Gods were gay------------?
Quote
As a result of its asset purchase program (QE2), the Federal Reserve at the end of 1Q held about 14% of total outstanding federal debt (debt held by the public). It is, therefore, now the single-largest creditor of the US government.
According to separate data from the Treasury Department, China is ranked second. It owned in late March Treasuries worth USD 1,145bn, which is slightly less than 12% of the total amount outstanding.
By the end of this month, the Fed will have boosted its Treasury holdings by another USD 250bn (annualized 1tr), and will own about 16% of all outstanding Treasuries (not to mention the 15% of GSE mortgage-backed securities)…
http://blogs.marketwatch.com/thetell/2011/06/09/fed-passes-china-to-become-largest-u-s-creditor/
the banking cartel gladly earns the interest off a trillion $$$ it never really had.
unlike foreign buyers who actually fork over $$$ for debt, the Fed just adds an entry into its balance sheet and takes the skim. Of course Congress gets its mordita 6% so everyone thinks the FED are such wonderful folks...
what a joke.
You actually GET the part about the Chinese and their symbiotic relationship with us, but you forgot rule number one.DON'T FEED THE TROLL!!!
and PLENTY of countries with better, stronger currencies than our worthless dollar...
They do not need us, or the USD, when they want to replace us..
Infact china and all the other BRIC country's called for a new world currency last month, how are you this clueless?
Do you even watch the news? Your ego is showing even thinking the NEED us, and our worthless dollars
-- Modified on 8/3/2011 6:14:16 AM
Speaking of the movie "Clueless" heres a grown of pic of actress Stacy Dash from that movie.
Man, I'd like to fuck her----pity a pair of gay conspiracy theorists don't feel the same way----------
Is this your way of trying to change my mind? If so, it's working. lol
BTW ,speaking of conspiracy theory nut jobs, didn't TJ predict that we would all be living under martial laws because of swine flu by now?
...but there's only so much ignoring the troll I can do. It's much more satisfying for me to call MisterNoBrains a fucking idiot, and prove that is exactly the case.
So who wants to wager that MisterNoBrains is TJLoonytoons? They both seem to be about as bright and prone to writing in all caps.
http://www.zerohedge.com/news/wall-street-warns-tim-geithner-dollar-staring-lose-its-reserve-status
We're about to get QE3, and I don't know what you think that will do to our markets.. It will make the investors pull out, which is hyper inflation
http://www.zerohedge.com/news/hilsenrath-feds-kohn-says-will-give-very-serious-consideration-qe3
Mean while walmart sales plummet http://search.yahoo.com/search?p=walmart+sales+plummet
here is another link from my HONEST site zerohedge http://www.zerohedge.com/news/confidential-wal-mart-memo-discloses-substantial-drop-store-traffic-compared-year-ago
Why are you so rude? You hate being wrong? Are you a drunk?
Where is all the growth you see? IN CHINA, that's where
http://search.yahoo.com/search?p=dollar+losing+reserve+currency+status+to+china - yAhoo search of dollar losing its reserve currency status to China
Today as many investors are pulled out of domestic Equities as they were right before the flashcrash back in 08
http://www.zerohedge.com/news/investors-withdraw-most-domestic-equity-first-flash-crash
-- Modified on 8/3/2011 4:31:44 PM
The more ng posts, the more "he" sounds like TJ
As for ignoring him, I guess that is a ship that has already sailed as long as Mein is around to keep him company. Oh well, as long as no one tries to "debate" him, I guess ridiculing him might be as much as we can hope for.
http://finance.yahoo.com/blogs/breakout/avoid-disaster-u-assets-peter-schiff-150725617.html
http://news.yahoo.com/chinese-agency-downgrades-us-credit-rating-014637515.html
Now that our Congress has decided to pass a basic "do nothing but punt" debt bill will we recover? Will DC stop spending? I doubt it. DC wants "business as usual" to continue. Talk about heads up their butts!!! Our Government is broken yet they insist it must be "busniess as usual".
also called ''going nuclear''..
I bet this is why we have such a huge trade deficit with them..They knew if we were importing more than we export buying their cheap goods that this would not only collapse our economy because they knew ALL or jobs would go over there, putting us out of work, and they knew if you import more than you export, the trade deficit would also collapse the economy
http://search.yahoo.com/search?p=china+threatens+US+with+thermo+nuclear+war