S&P downgrades U.S. credit rating from AAA to AA+

Discussion in 'Markets & Economies' started by Ouch, Aug 6, 2011.

  1. domdolittle

    domdolittle Member Silver Stacker

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    Thanks Projack

    To clarify my posting of the Bloomberg article...

    It seems that now they are getting ready to shoot the messenger !

    :cool:
     
  2. mickjohn

    mickjohn New Member

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    American Interest Expense Fiscal Year 2011:
    $412,517,504,466.06
    +
    $80,000,000,000.00 in extra repayments due to downgrade.
     
  3. Ozboy

    Ozboy Active Member

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    Strap yourself in and hang on! - this could be one helluva ride.
     
  4. Ag-ness

    Ag-ness Member

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    (hands out the barf bags) Keep your arms and legs inside the carriage at all times. Good luck, all.

    Somewhere.... some poor bastard retired on Friday, and was going to sort out his Super tomorrow. :(
     
  5. SilverMark

    SilverMark Member

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    Another classic article:
    http://www.cnbc.com/id/44051683

    From Greenspan, former fed chairman:

     
  6. projack

    projack Well-Known Member Silver Stacker

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    Following Greenspans logic every country with national currency is AAA because the can print it.
     
  7. lucky luke

    lucky luke Active Member Silver Stacker

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    There are rules for US and their are different rules for "the rest of the world". Greenspan knows it better than anyone and his statement essentially rubs our noses in that fact.
     
  8. Ouch

    Ouch Active Member

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    The US is unlike any other country. Its special.
     
  9. domdolittle

    domdolittle Member Silver Stacker

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    It's only SPECIAL cos the rest of the world is too silly (or too scared) to see the real shell-game that they are abusing since the abolition of Bretton Woods agreement...

    :cool:
     
  10. Auagau

    Auagau Active Member

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    Well, they are different.

    They are the only country where the national debt is expressed in their national currency.

    Their problems are easily solved, inflate the debt away.

    And thats why we are buying gold.
     

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