Posted on 08/05/2011 6:52:37 PM PDT by NoLibZone
That reminds me that the Zimbabwe stock market skyrocketed while their country collapsed too
I just got a newsletter earlier today from the group that runs our 401K plan. And they have bought gold and siver and are going to short the market. Hope they are right.
well, it wasn’t exactly insider information, we all knew it was but a matter of time.
(I got out last year, my timing off a tad but not by much).
But, to answer your question, I would imagine ALL the smart ones did but idealists - nnawww
Yes you do!!
S&P heard Geitner blame defaulting on his taxes because of a software error, and, having none of his lameness, they reconsidered after Geitner's pleas and downgraded our rating, nevertheless.
We note that in a letter to Congress on Aug. 1, 2011, the Congressional Budget Office (CBO) estimated total budgetary savings under the act to be at least $2.1 trillion over the next 10 years relative to its baseline assumptions.
///
“IN A LETTER SENT TO CONGRESS”.
EVERY Congressman who voted for the bill REID AND OBAMA wanted, needs to go.
ESPECIALLY Boehner and McConnell. They either KNEW this would happen, or they are too stupid to remain in office.
Let’s be honest here. The ongoing decline in the value of the U.S. dollar relative to other currencies — which has been going on for at least 5-6 years — was a tacit admission by the entire world that the U.S. “credit rating” was far lower than AAA to begin with.
"...reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process."
The act contains no measures to raise taxes or otherwise enhance revenues, though the committee could recommend them."
"Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues..."
"Standard & Poor's takes no position on the mix of spending and revenue measures that Congress and the Administration might conclude is appropriate for putting the U.S.'s finances on a sustainable footing."
Anyone else smell bovine excrement here?
Until people realize that, other than limited industrial applications, gold does little other than sit there, and the fact people are hoarding it doesn't change that.
Eve of Downgradin
apologies to Barry McGuire
The greater middle east, it is exploding
Violence flarin’, bullets loadin’
You’re old enough to kill, but not for beer
You don’t believe Islam, but what’s that scarf you wear
And though its not reported the body count is totin’
But you tell me
Over and over and over again, my friend
Ah, you don’t believe
We’re on the eve
of downgradin.
Don’t you understand what I’m tryin’ to say
Can’t you feel the fears I’m feelin’ today?
If the markets again crash, there’ll be no bail-out
The gubmits outta cash, therell be no way out
[Take a look around ya boy, it’s bound to scare ya boy]
And you tell me
Over and over and over again, my friend
Ah, you don’t believe
We’re on the eve
of downgradin.
Yeah, my blood’s so mad feels like coagulatin’
I’m sitting here just contemplatin’
I can’t twist the truth, were a bankrupt nation
Our economy suffers from too much regulation
And entrepreneurs fear being served with litigation
Because of quantitative easing, were gonna get inflation
The gubmit is crazy with all its legislation
And you tell me
Over and over and over again, my friend
Ah, you don’t believe
We’re on the eve
of downgradin.
Think of all our debt there is in Red China
Then take a look at Barack Hussein Obama
You negotiate the increase in the debt ceiling
But then you find out, its a greased pig with which youre dealing
What you call a cut, is a slightly lower increase,
You cant conduct business, without the mark of the beast
And who are we serving except for Moodys and S&P
And
tell me over and over and over and over again, my friend
You don’t believe
We’re on the eve
Of downgradin.
Mm, no no, you don’t believe
We’re on the eve
of downgradin.
Some of you need to learn to read.
It is clear S&P is liberal....they keep pushing in here for tax increases.
They are not just a cuts-only approach.
However, on a more serious note, DOES THIS MEAN I WILL PAY MORE FOR MY MORTGAGE?
How will this impact regular people?
But Ubama embraced it.
It's time to end the circular execution squad.
Obama and the dems and YOU are already blaming Bush and republicans for this even though Harry Reid and his ilk such as John Kerry control the Senate and their party is in the White House.
The buck stops where?
wow. take the meds, man!
Understand, the word, "comprehensive", is globalist code for tax hikes.
Not if you already have a fixed rate loan. Have your forgot the 1970’s when interest rates were high teen to low 20’s%. I worry about inflation. Any money you have saved will be worth a whole lot less. The .gov will destroy any wealth the middle class has. They have already destroyed home values.
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