Moody's Releases Statement On Potential Outomes In US AAA Review

This is serious stuff folks.
www.zerohedge.com...
"As to the longer-term outlook on the rating, the limited magnitude of current deficit reduction proposals suggest that even a timely increase in the debt ceiling will lead to the assignment of a negative outlook on the rating".

The US dollar is in it's death throws, even if they extend the debt ceiling, all they are doing is putting off the inevitable, which is only going to make things worse, if thats even possible! At some stage they (The US)are going to have to front up with the goods, this is defacto default.
I say it again - This is serious folks.
Get out of paper and invest in assets, tangable goods, if not gold, buy silver TSHTF scenario is here...

reply to post by Mythkiller


We need to reduce government. NOW.

I know this'll be the perfect excuse to increase government and government entitlements, but this is something we have to fight.

Originally posted by beezzer
reply to post by Mythkiller

 

We need to reduce government. NOW.

I know this'll be the perfect excuse to increase government and government entitlements, but this is something we have to fight.

I wonder how many people share this exact mindset... Reduction of government... Sounds like 'chaos' on the streets soon to me.

The dominoes are falling faster.

reply to post by RenegadeScholar
The only chaos would be in the offices of D.C.

reply to post by Mythkiller


I agree that this is a serious issue that must be dealt with immediatly, but I don't think this is a SHTF scenario as you describe it.

The damned politicians will eek out a deal in the last minute and prolong the SHTF for just a little longer. I don't see any riots in the streets yet, so I wouldn't be going to any extremes quite yet!

reply to post by sheepslayer247

Thats all I am saying, They will only succeed in prolonging the inevitable...kicking the can down the road so to speak.
You may not see riots in the streets but that is a latter result, the more immediate result is institutions dropping and divesting from the dollar like it's a hot potato, this is the snowflake thats starts rolling down the hill expanding exponentially,
I say it again - this is serious.

reply to post by beezzer


Until that chaos trickles down the pecking order to the peons, no?

reply to post by Mythkiller

the more immediate result is institutions dropping and divesting from the dollar like it's a hot potato, this is the snowflake thats starts rolling down the hill expanding exponentially,

I believe that's been happening for a while now. The worst investment right now is US $ and government bonds.

Many others have spoken of this for some time now. You are correct that the snowballing is in full effect but we still have a couple more hurdles to cross before TSHTF.

Don't pay attention to gold or silver for any sort of idea on how the market is doing and I even think that would be a bad investment. Food and housewares are what we need to be buying! Precious metals will have little value when your more concerned with how you will either eat or wipe your backside!