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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (37248)4/18/2011 9:57:10 AM
From: Giordano Bruno  Respond to of 71475
 
What's a downgrade, is the question going
around Capital Hill. -vbg-

ROFL



To: ggersh who wrote (37248)4/18/2011 10:54:56 AM
From: John1 Recommendation  Read Replies (1) | Respond to of 71475
 
Not to give any credibility to Standard and Poors, but what kind of reaction did the U.S. government expect in response to its latest deficit trimming mime?

The bastards only trimmed ~2.4 percent from a 1.6 trillion deficit, and we have since learned that much of that was based on accounting chicanery. That kind of "fiscal discipline" is a joke and it would be a crime if nation had a balanced budget amendment.

The fact of the matter is that Uncle Sham is broke. He's floated bad IOUs all over town and now he is in the checkout line at yet another grocer.

Uncle Sham's pockets are completely empty. As he attempts to fraudulently charge $200 worth of groceries on his umpteenth maxed-out credit card, the grocery store owner says, "just a minute, sir!"

What is Uncle Sham's response to the grocery store owner? Well, he offers to put back a measly bag of cookies! LOL.

The grocery store owner, the cashier, and the other patrons in line are laughing at Uncle Sham! In fact, they laughed him right out of the store!

What is Uncle Sham likely to do next? He'll probably go home, pull a gun on his defenseless family, and take their possessions by force. Then, he will start another war. -ng-