The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: westpacific who wrote (38825)	6/2/2011 2:17:38 PM
From: John	1 Recommendation Read Replies (2) of 71475

DEBT CEILING: Moody's Just Threatened To Slash The US Credit Rating businessinsider.com excerpt: Finally, a logical warning on US credit. Moody's is out with a comment saying that if there's no imminent progress on the debt ceiling fight, the US credit rating will be cut. This makes total sense, and we applaud Moody's for doing their job: Identifying an imminent (real) issue, and sensibly advising (ahead of time) about what could be a threat to US debt holders. --- I strongly favor a U.S. sovereign debt default. Bond holders knew the risks going in. It's high time they pay the price for very foolishly buying mountains of endless toxic debt and worthless paper. So, default already and let the bond holders eat it! -ng- Massive inflation and sky high interest rates are fine with me. Bring it on! -ng-

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