U.S. gets C credit rating, lower than Mexico

reply to post by colbyforce


wars cost money ..a lot of money ..america's defense budget could feed a small nation ...may be time to stop playing top dog and start rebuilding what once was a great country, uk included

Maybe it's because all Americans ever scream about is "Cut taxes, cut taxes" while at the same time spending like drunken sailors diagnosed with an incurable disease.

Every time someone tries to cut spending, you folks march in the streets and go crazy (the old NIMBY stuff).

You seem to be rather irrational and nuts from a foreign perspective.

Clearly, you need to cut spending, come out with things like a National Goods and Services tax, cut certain tax deductions, stop trying to act like the Roman Empire etc

Where is the "balance the budget" brigade? You are losing your way in the world and living in a fantasy land.

Regardless how this is interpreted in the mainstream news, the world will be a very different place by the end of summer.

Originally posted by Ultraman2011
Maybe it's because all Americans ever scream about is "Cut taxes, cut taxes" while at the same time spending like drunken sailors diagnosed with an incurable disease.

Every time someone tries to cut spending, you folks march in the streets and go crazy (the old NIMBY stuff).

You seem to be rather irrational and nuts from a foreign perspective.
.

You get fed a lot of propaganda, as we do, because we certainly are not ALL that way. But there is a significant portion of America that is programmed to think that cutting taxes and deregulating corporations will solve all our problems.

And it is nuts. We should be raising taxes, and placing import tariffs, and definitely NOT spending on more military misadventure in the mid east on behalf of multinational oil concerns.

reply to post by Ultraman2011


Well a VAT(National Goods and Service Tax) isn't going to do anything but make the price of good rises even higher exaggerating the problem we already have which is, wages to cost of living.

But other than that you are exactly right, obviously the politicians and staff members and their petty cash and expense cash and all kinds of other perks need to be cut, but instead of the people here in America voting for people that will do that they will continue to vote for the status quo and continue to argue that the D's are better than the R's, and so on and so forth. All the while continue complaining about how screwed up the government is and how the government isn't doing anything they are asking it to do.

Then as you mention we have the "not in my back yard" crowd, etc. Actually it's all quite comical when you really think about it. Our President and his admin took what was a fringe issue and made it a national issue on what just happened to be the same day that billions in damage were caused by weather(out of their control, I know), the first ever press conference of the Federal Reserve, and the shake up of leading figures of the CIA and Military.

It's going to get really interesting really fast. Especially when they come for the peoples weapons, which is exactly what is going to happen at some point and that will be the point where people put their foot down.

Personally I am looking forward to purchasing the American Dollar at a profit to myself before going on vacation to Hawaii Vegas it will make up for all the years when I lost money on the conversion.

This is a moment of truth here for us in the good ole USA.no matter what happens i feel the people not the elected officials will pull the country thru.But i am a bit worried because back during the great depression people were used to farming,mending clothes and making useful things to survive.

But in this day and age we have become to dependent on electronics and comfort items,it will come as a rude awakening to those who have not ever had to fend or survive on very little,wasnt there alot of mass suicides and people jumping from buildings when that happened ?????

reply to post by alchemist2012


Well it's the peole who have themselves created, or allowed to be created, teh system they are governed under - IMO blaming the officials for everythign is a crock.

have a big bunch of dichomoties to work throug -

1/ y'all want to be a super power that's got the biggest stick, but y'all also don't want to be the world's policeman & are afraid of using military force and losing casualties
2/ y'all want to drive big cars but don't want to pay a realistic price for gas
3/ y'all want to be capitalists, but have some of the world's biggest subsidies to farming and industry
4/ y'all want to be governed by honest and upright polliticians but you also insist they pork-belly for their local consituents
5/ y'all want to get a decent days pay for a decent days work, but the people who get the millions on wall st & currency trading dont' actually produce a single dime of wealth at all

Basically the US is living a fairy tale propped up by the petro-dollar & china, and sooner or later it's going to come crashing down.

And it's not the fault of some shady conspiracy or world government - nor the fault of "lazy" or corrupt politicians.

It's teh fault of the whole of het people people who don't what to hear the truth and prefer to blame everyone else even if they have to invent stupid conspiracies to do so.

Why has nobody mentioned that this is NOT a major rating agency. Weiss ratings a smaller rating company so it's impact will be negligable, or that of a hobo screaming the dollar is worthless on the streets of manhattan. However the rating is deserved and 'when' (not if) the S&P drops our rating there will be major consequences for the u.s and probably the collapse of the dollar. I predict by the end of the summer the S&P will be forced to downgrade the dollar

Originally posted by Illusionsaregrander

Originally posted by alchemist2012

So it seems the S will HTF soon folks lets buckle up and get ready seems like its going to be a real wild ride.I wonder if the government will ever come clean an tell the American people what our real situation is.

We got punked. And we need to reverse the trend or we will in fact, (if not in name) lose our freedom to govern ourselves.

Well count me in...just let me know when everyone gets organized and where to meet up

(learned a long time ago to not be the one to lead the charge unfortunately)

reply to post by KevinB


This was my question in the original post

Originally posted by alchemist2012
reply to post by KevinB

 

This was my question in the original post

My bad I meant no offense, I was viewing this on an iPad and there was a bar that blocked out the last 2 sentences . But yea, this rating agency is small and has limited to zero effect on the markets, still interesting none the less because it shows a growing trend of distrust in the dollar.

reply to post by KevinB


No offense taken at all.I still say that for anyone big or small to standup and say that America is a bad credit risk is a powerful statement to make dont you agree.i am reading stories on another site i will no name.about panic dollar selling going on but have not found a source besides a bloggers site.

Originally posted by Aloysius the Gaul
reply to post by alchemist2012

 

Well it's the peole who have themselves created, or allowed to be created, teh system they are governed under - IMO blaming the officials for everythign is a crock.

have a big bunch of dichomoties to work throug -

1/ y'all want to be a super power that's got the biggest stick, but y'all also don't want to be the world's policeman & are afraid of using military force and losing casualties
2/ y'all want to drive big cars but don't want to pay a realistic price for gas
3/ y'all want to be capitalists, but have some of the world's biggest subsidies to farming and industry
4/ y'all want to be governed by honest and upright polliticians but you also insist they pork-belly for their local consituents
5/ y'all want to get a decent days pay for a decent days work, but the people who get the millions on wall st & currency trading dont' actually produce a single dime of wealth at all

Basically the US is living a fairy tale propped up by the petro-dollar & china, and sooner or later it's going to come crashing down.

And it's not the fault of some shady conspiracy or world government - nor the fault of "lazy" or corrupt politicians.

It's teh fault of the whole of het people people who don't what to hear the truth and prefer to blame everyone else even if they have to invent stupid conspiracies to do so.

I never asked or quested behind any of those things i was taught to live within my means..alot of what you stated above is correct but does not represent the entire nation alot of us are hardworking taxpayers that will be bled dry pretty soon here.anyway good post it made me think

reply to post by backinblack


Debt Clock Australia
Our inflation rate came back above the target rate of 2-3% at 3.3%, however that is not considering underlying factors such as the disaster in Queensland and the spike in oil prices due to the unrest in the Middle East.

derivitives are the ediphant in the closet
contries you might think are very solvent
might not be

The size of the company doesn't matter
smart people with money go for accurate dependable info
which is why they have money and power
and most here do not
( no offence)

and guess who created installed and funded the bolshevics, communists and facists?
thats right the conspirators in the conspiracy theories that JFK is talking about
sheesh

Originally posted by Danbones
derivitives are the ediphant in the closet
contries you might think are very solvent
might not be

The size of the company doesn't matter
smart people with money go for accurate dependable info
which is why they have money and power
and most here do not
( no offence)

and guess who created installed and funded the bolshevics, communists and facists?
thats right the conspirators in the conspiracy theories that JFK is talking about
sheesh

edit on 29-4-2011 by Danbones because: (no reason given)

edit on 29-4-2011 by Danbones because: (no reason given)

Dan that is great food for thought,

Where's those whiners that were crying a day ago about the gov't cutting money to Nasa? They need to have their noses rubbed in this.

Originally posted by alchemist2012
But in this day and age we have become to dependent on electronics and comfort items,it will come as a rude awakening to those who have not ever had to fend or survive on very little,wasnt there alot of mass suicides and people jumping from buildings when that happened ?????

Not everyone Join a Medieval support group. We even have our own full size loom in the living room

and just when you thought things could not get any worse and obviously the ripple effect will be wide spread, but don't despair its still not over..

India’s Defence Ministry opted for European over American warplanes for the world’s biggest fighter-jet aircraft order in 15 years, snubbing the lobbying efforts by President Barack Obama.

The contest for India’s order may not be over yet, with approval by Prime Minister Manmohan Singh’s cabinet required following the Defense Ministry’s final recommendation. Obama has sought to strengthen ties with India, the world’s second-fastest growing major economy, aiming to boost export and job growth as the U.S. struggles to pull down an elevated

.

www.bloomberg.com...