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BREAKING: Egan Jones Downgrades US From AA To AA-
Zerohedge ^ | 10-14-12 | Egan-Jones via Zerohedge

Posted on 09/14/2012 12:32:42 PM PDT by tcrlaf

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To: COBOL2Java

The true value of the American Benjamin Franklin in my pocket is exactly the same as the true value of that bill from Zimbabwe and I am afraid that it is about to be marked to market! Already we are at the point that the same nominal dollar amount that my father used to earn in a year as a master carpenter is only a good week’s pay or a poor month’s pay and he supported four sons and my mother stayed home to raise us. It would take his gross pay for ten years to buy a low end new car now. One average month’s electric bill for me now is equal to from two to three year’s worth of electric bills back in his day, of course I use a lot more power now but the price per kilowatt is twelve times higher than then. Gasoline is about fourteen or fifteen times higher than then. The sales tax on many items here is as much or even more than the item with sales tax added cost in those days. The worst part is that WE AIN’T SEEN NOTHIN’ YET!


41 posted on 09/14/2012 6:06:20 PM PDT by RipSawyer
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To: tcrlaf
The US has been on crack for a long time and China is the big supplier. While not destroyed yet, we must break the addiction and endure the pain. Breaking the addiction is a revolution in and of itself.
42 posted on 09/14/2012 6:22:03 PM PDT by TBall (Obama is our pimp dealer)
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To: GeorgeWashingtonsGhost

Yep, Romney will probably be elected and what he will have on his plate will make the labors of Hercules look like a child’s chore. After four years we will still be in a deep pile of dung regardless of what he has done or not done by then and we will be treated to endless stories from the “media” about how Obama would have had everything straightened out by now. A huge contingent of idiot voters will be begging for Obama to run again and become the second Grover Cleveland.


43 posted on 09/14/2012 6:29:45 PM PDT by RipSawyer
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To: Bluestocking

Ah, but all we need to do is develop a new variety of Tulip and it’s off to the races again, right? Can’t we make Ol’ Rattler hunt one more time?


44 posted on 09/14/2012 6:34:04 PM PDT by RipSawyer
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To: tcrlaf

I see a spike in air fares to El Salvador. Are there some sort futures I can buy on that?


45 posted on 09/14/2012 6:34:09 PM PDT by TBall
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To: FrogMom

Aye.


46 posted on 09/14/2012 6:41:47 PM PDT by blam
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To: tcrlaf

How long before banks charge you interest for your bank account?


47 posted on 09/14/2012 8:44:29 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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