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S&P downgrades U.S. credit rating from AAA (pg. 14)
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pkcRAISTLIN
quote:
Originally posted by Lira
and Aussie rules football.


hawks are best!
jester
I just saw this video on CNBC, this guy that was on last night was like; yeah the US can seize all the worlds gold if it had too. Seeing countries store their gold in the US.

:crazy:

The market might come tumbling down later on during or after what the Fed has to say. The reason I say that, it usually does happen. I don't remember the last time it went up when B.B spoke.
colonelcrisp
quote:
Originally posted by Quazar
I'm not saying the US will posture, I'm simply saying that's the underlying principle behind the fact that the US is allowed to continue borrowing. Our existence as a nation is "guaranteed" for a long time due to our military, and therefore we'll be around for a theoretical infinity in which to pay back the money.



Im pretty sure Rome had that same kind of theory back in the day too...... how did that one end again? oh right, not so great....
jester


:crazy:
Tasty Onions
quote:
Originally posted by jester

quote:
Originally posted by Tasty Onions
.

Too much stupid to handle.
EddieZilker
quote:
Originally posted by jester


:crazy:


Up until recently, CNN was running that commercial fairly regularly and I don't think they stopped because it was banned by A&E, The History Channel, and the other major networks. I don't even think the other major networks banned it because it contained any amount of earth shattering truth as the person, who uploaded the video, claims. It's actually been running for quite a while, so I'm not sure how "new" it is.

It's context is completely flawed. The Chinese would never, ever teach that it was because we turned our back on our principles. Instead, they would teach that it was because of our flawed principles that we have failed. Had the producers of the commercial thought to include that bit of realism, I suspect it would have been a little closer to the truth.









:o
bananas
Mr Know-it-all:o
Quazar
quote:
Originally posted by colonelcrisp
Im pretty sure Rome had that same kind of theory back in the day too...... how did that one end again? oh right, not so great....

Hence my quotations around "guaranteed". It's dumb to think a country will stick around forever simply because it has a strong military, but people do.
Massive84
Am i the only one that has lost faith in the monetary system? i mean all we did in the last decades was financing debts with loans.
EgosXII
quote:
Originally posted by Quazar
Hence my quotations around "guaranteed". It's dumb to think a country will stick around forever simply because it has a strong military, but people do.


All it means is that when the US really bottoms out they'll have no option but to sell their weapons to anyone who will buy them...

Comrade Stalin
quote:
Originally posted by EddieZilker

It's context is completely flawed. The Chinese would never, ever teach that it was because we turned our back on our principles. Instead, they would teach that it was because of our flawed principles that we have failed. Had the producers of the commercial thought to include that bit of realism, I suspect it would have been a little closer to the truth

:o


LOL, I know. Seriously, is China run by Republican conservatives?
pzK
Anyone saw this? I think he hits the nail on the head.
http://www.msnbc.msn.com/id/2113454...079837#44079837
and his reaction afterwards
http://www.ritholtz.com/blog/2011/0...-how-about-you/
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