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Post by Michael Downing on Apr 6, 2012 17:19:16 GMT -5
Amazing that no one seems to care and that this is not big news as we plummet to third world status. Many will not wake up until it has dramatic impact on them personally and then it will be too late... Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered our credit level from AA+ to AA. The firm reduced America from AAA to AA+ in July 2011, just before Standard & Poor's did the same. www.breitbart.com/Big-Government/2012/04/06/USA-Credit-Rating-Downgraded Another Credit Agency Downgrades USEgan Jones warned. "Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult." They added that there was a 1.2% probability of U.S default in the next 12 months. The company cited the fact that the US’s total debt, which now equals its total GDP, is rising and soon will eclipse the national GDP; the company sees the debt rising to 112% of the GDP by 2014.
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Post by brocktownsend on Apr 6, 2012 18:15:36 GMT -5
Evidently their heads are stuck in the sand.
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Post by safetalker on Apr 6, 2012 19:02:05 GMT -5
The answer is very simple. The Federal Reserve and the IMF are in a profit taking mode. Once the dollar can purchase no imports the people will be spending all of their money on food. This means that they can't pay their Mortgages and the banks under the Fed will foreclose taking all of the real estate as profit. When the scum(we the people) who are infesting those properties are eradicated from the area the properties can be sold to foreign conglomerates for new building. These conglomerate will pay in Gold. Their security will enter to push the hanger ons our of the areas. The patriots will be killed by the mercenaries and buried for fertilizer. The 530 million population limits will be achieved. Why? Because the American people like the Chinese people will not accept the fact that we are at war! We are not waiting for TSTHTF it already in our faces and we are calling it sweat.
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Post by Cujo on Apr 8, 2012 11:49:37 GMT -5
TIC TOC, TIC TOC TIC TOC...
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Post by avordvet on Apr 9, 2012 4:18:17 GMT -5
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Post by Cujo on Apr 9, 2012 12:33:33 GMT -5
Yep, not looking so good is it.
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