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Don't care about my credit rating as I have no cards
Originally posted by Germanicus
reply to post by nightstalker78
Don't care about my credit rating as I have no cards
Damn your education system.
Think Standard and Poors. See this is why you guys are in so much trouble. Why you cannot see the impending doom. Few of you have an understanding of how things work.
Credit cardsedit on 15-4-2012 by Germanicus because: (no reason given)
Was that better?Does that fall in line with your thinking?Perhaps you Aussies should try and step up to the plate?Oh wait you won't.Because if you do you'll be calling on us for help!
Come to Australia. Its awesome.
Originally posted by Germanicus
reply to post by nightstalker78
Was that better?Does that fall in line with your thinking?Perhaps you Aussies should try and step up to the plate?Oh wait you won't.Because if you do you'll be calling on us for help!
See I tried to give you a learning moment. You could be on google right now learning about the problem you face due to your Countries lowered Credit Rating. They are talking about downgrading America again you know. But instead you bang on with the '"this guy hates America thing"
And you can keep your help. China is our friend. Our strong economy is linked to them. By remaining America's allies we invite attack from China. America does nothing but hurt Australia.
Recently you have started to send Marines hear and are talking about setting up a drone base. You make us a target,you dont protect us. You also risk our strong economy by annoying China. Keep your 'help'.
PostScrpt- China increases military spending while you continue to make cuts. You guys cant beat China.
Not only does Rome Burn but the barbarian's are at the gate.
Wake up genius.edit on 15-4-2012 by Germanicus because: (no reason given)
reply to post by digital01anarchy
Maybe it just you want to start a fight over the internet with American's. Your jingoistic nature and obvious hypocrisy is kind of funny to me.
Originally posted by Germanicus
reply to post by digital01anarchy
Maybe it just you want to start a fight over the internet with American's. Your jingoistic nature and obvious hypocrisy is kind of funny to me.
You are a funny guy yourself. I think the ignorance of American's is more annoying than your arrogance. Im not trying to fight with you but I need to bait a little so I can provide learning moment's for you. My hope is that at least one American read's this and actually learn's something. Like the guy that doesnt understand about your Credit Rating works and its significance. I hope that guy takes some time to learn about it now that I have highlighted his ignorance on the matter.
Im just trying to help you guys.
Edit- And Im not saying all American's are ignorant and arrogant. Many American's protest your government. They are true patriots. Tea Party/OWS. The rest of you are passive and complicit. Or worse cheerleaders.
Many denier's too it seem's.
edit on 15-4-2012 by Germanicus because: (no reason given)
Please address American's as American's and not as "you" unless you are specifically addressing me. Getting people aggravated then exploiting their anger isn't teaching unless you want to teach people how to be a$$holes or trolls. The only thing you have done is bait then mocked the person when they didn't understand. You didnt take the time to post why he was wrong or for what reason and unless he reads what I write he will just think your being a jerk and not know that personal credit rating is different then currency credit rating
thanks for adding. Australia's Government is as bad as yours thats for sure. They hurt us by pandering to your country. The way they fawned over Obama when he was here recently made me sick.
And I know some American's here in Australia and have friends that have travelled there but I have no desire. Your country does not interest me particularly. Europe has more history and things to see,as does Asia but dont think I hate the place.
I have considered taking a motorcycle holiday there and doing the whole route 66 thing but there is alot in front of that. Maybe later. Plus the crime rate and the fact that you have people getting shot all over isnt too appealing.
But I like America and I do want you guys to fix thing's before it gets worse. Fix your debt and make sure your children have a future. All that stuff. But to be honest ,what worries me is the fall of America will bring most of us down with you.
Our government passed 'covered bond' legislation last year so they are selling taxpayer backed bonds bigtime right now. We are giving more to your IMF. We are all linked up to you guys in so many ways. If you fail,you will bring many countries down with you.
How The Credit Downgrade Will Effect Interest Rates By Christopher Lee August 18, 2011 S&P downgrade Now that the country has lost its stellar credit rating many people are wondering what, if any, effects this will have on pivotal U.S. markets. Many investors are hesitant to leave their money in stocks, while others are cautiously riding out the storm. A lower credit rating for government bonds suggests there is an increased risk in lending money to the government. If investors make drastic moves to withdraw from the market, Treasury prices could reverse; sending the interest rate on Treasury bonds through the roof.
What About The Consumers The interest rate on treasury bonds influences the interest rate in key markets such as mortgage and credit card lending. In general, most mortgage interest rates are correlated with the price of the Treasury bond. Meaning, if the Treasury bond interest rate increases, so does the interest rate associated with most mortgage loans. The drop in mortgage interest rates was largely influenced by inflation. As inflation set in, the value of the Treasury bonds dropped, taking it with it the high mortgage interest rates. Although inflation is a sign of economic illness, it did provide the low mortgage interest rates we have enjoyed for the last few years. Now that the U.S. credit rating has been lowered, the Treasury bond interest rate is likely to increase to an extent. As mortgage rates rise, they are expected to remain relatively low. The problem is twofold: (1) potential home buyers may not be able to obtain as low of an interest rate as they would have 2 years ago and (2) homeowners under unconventional loans may see an increase in the mortgage payments as interest rates increase. Adjustable rate mortgage owners should prepare for the upcoming increase in interest rates, as this will most definitely increase their monthly mortgage payment. People under adjustable rate mortgages need to forecast whether they can afford to maintain a higher mortgage payment to prevent the risk of foreclosure.
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.