Beijing Downgrades US-Treasury to A+ - Is Anybody Listening?

reply to post by crimvelvet


We are in Bi Flation and have been for a while in the West.

Hides it until about next month or so,

:-)

Elf

reply to post by predator0187


i could stare at that avatar alllllll day

reply to post by MischeviousElf

We are in Bi Flation and have been for a while in the West.

Yes that is a very good term for it. We also have "Wage Devaluation"

We have a REAL unemployment rate of 22%. Anyone who has been interviewed for a high tech job has run into the nit-picking used to disqualify you because the Company ALREADY have someone from overseas picked out. (Just go onto a high tech discussion board, it is a common complaint) Companies have to go through the motions to "Prove" there is no one in the ENTIRE USA who is qualified and wants the job (give me a break)

Of course that person from overseas is quite willing to work for much less.....

While the House Judiciary Committee focused on a very different part of immigration yesterday, its Senate counterpart held a hearing on “The Economic Imperative for Enacting Immigration Reform.”

In the hearing, witnesses testified that immigration reform that makes it easier for high-skilled immigrants to come work in the U.S. is not only good policy, but an economic necessity. Brad Smith, General Counsel and Senior VP for Legal and Corporate Affairs at Microsoft testified that smart immigration reform could create more jobs for American workers, something the economy needs as our nation struggles to recover from the recession.

David Skorton, President of Cornell University, outlined the problems currently plaguing high-skilled immigration, telling the committee that times have changed, and that:

The U.S. is not always the top choice of students from Asia who are applying to graduate school in science and engineering. ..If our immigration policy causes the number and quality of international students who matriculate in STEM disciplines at U.S. universities to decline significantly, it will reduce our capacity for research, innovation, and ultimately economic growth.

Skorton went on to explain that there are not enough qualified or interested American students to fill the slots in STEM (science, technology, engineering, and mathematics) undergraduate and graduate programs and recommended streamlining the green card process for international students with STEM degrees from U.S. universities. Skorton also recommended reducing the backlog for skilled legal immigrants, enacting policies that keep families together, and passing the DREAM Act. immigrationimpact.com...

Originally posted by predator0187
Wow, the people that have the majority of the debt are saying it is not so good.

Not really, the debt was just downgraded one step, you could describe it as going from "excellent" to "really good". It still compares quite favorably to other investment options. But this is a wakeup call, we need to address the debt ASAP or our credit rating will continue to be downgraded and eventually that will cause serious problems for us.

The super massive casinos of fiat currencies and derivatives must end. The rich get richer and the poor get poorer. George Soros, Goldman Sach and JP Morgan are among the notorious financial criminals that enslave people in need.

George Soros should be put behind bars for his crime in 1997 Asian forex financial crisis.

Some of us have indeed been paying attention. We've been on it since the crap started Monday. (check the collapse watch thread in my signature). The financial warfare as begun with a tug of war between the EU/US markets and the Asian markets. I'm willing to be the Asian markets do what's not expected and open lower. Then rally. Then tomorrow the EUs & / US markets will open higher then plummet. Just my honest opinion.

reply to post by predator0187


The Chinese do NOT hold the majority of US debt, US Bondholders -- through IRA's, retirement accounts, and 401K's DO.

I have a fair few friends that work in or are investors in the international markets, they have all told me the same thing, if no one has money or is unwilling to risk their financial stores, the markets will continue to lose vitality, I do find it interesting that while the downturn has produced many screams of terror or calls for a world currency ( how the devil that will work, I have not a clue, doesn't it take two sides at least to produce commerce, has Intergalactic trade been established and no one told us?) that we finally have come to at least a solely American problem, Social Security, as outlined in this newest article, It has finally been fully admitted "they" have already run through the SocSec funds (YAY!!) heres the article for further inspection
useconomy.about.com...
As for who owns our debt and how much, I found this nice break down chart.
www.ninemostlikelywords.com...
That is astounding that in one year China and Japan gobbled up that much of our national debt. If we had looked at pre-Bail out it would have been Britain with that chunk, if anyone is to blame for the collapse of the EU its their own policies and the debt they themselves sold to the financial saviors of the moment.
I myself foresee the Corporate Sector Cities described in so many dystopian Science Fiction novels.