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HelicopterOff Topics News & Politics › S&P Downgrades USA's Credit Rating !!
08-06-2011 02:05 AM  6 years agoPost 1
Dennis (RIP)

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Oregon

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S&P Downgrades USA's Credit Rating !!

Just announced on Fox News and CNN

After hectic negotiations with the Obama White House this afternoon, S&P downgraded USA's credit rating from AAA to AA+. For the first time in the history of the USA.

Interest rates and costs of goods sold WILL go up across America as a direct result.

Apparently the reason is because USA's recent debt deal was not sufficient to decrease debt.

It was not just "Not Sufficient". It made no difference at all. The spending continues.

Ed Henry (White House Correspondent) says S&P claims the USA's credit rating could be downgraded further in the near future.

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08-06-2011 02:16 AM  6 years agoPost 2
baby uh1

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St. James, Mo.

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Right now we'd be better off if they cut off our credit line until we can get some adult supervision back in DC!
Of course this was the plan all along as it's the best way to tax every idiot in the USA without them knowing it.

Anything is possible if you don't know what you are talking about!

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08-06-2011 02:58 AM  6 years agoPost 3
Dennis (RIP)

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Oregon

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A record number of Americans are on food stamps.

45.8 million to date.

12% up from last year.

Up 34% from 2 years ago.

We are circling that drain.

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08-06-2011 03:18 AM  6 years agoPost 4
GREYEAGLE

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Flat Land's

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Unexpected ??? after the Last go around ??? -After the $ Services Hedged

Last time Freddy & Franny, Moody, and a few other of the financial rating institutions got caught hedging - It brought on the $ salvage operation ---- we all are paying for -- "Market" Salvage " & restoring Banking structure's

Every thing from cash to clunkers, and QE2. Next will be QE3

Last thing the rating and evaluation businesses are going too do is risk their international reputation and foreign business trade by hedging again - then getting hammered again on the trust factor. It which is still questionable - no one really knows :confused

Going to be interesting to see how the others fall into rating our markets and industrial economy as I don't believe they use the same data or models.

If it's true the GNP almost now equals the amount we are leveraged ??

Think of this:

If legal limit for public intoxication has always been .08% and just now has been raised from .08% upwards to say .15%

You get tested, and test out at .12% of the new legal limit of 15% your still safe to drive and not intoxicated ???

Going to be very interesting

MORE CHEESE WHIZ : Please ???

greyeagle

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08-06-2011 01:26 PM  6 years agoPost 5
baby uh1

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St. James, Mo.

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Obama doesn't know enough about freedom and capitalism to be able to work in the Chinese government!

Anything is possible if you don't know what you are talking about!

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08-07-2011 03:56 AM  6 years agoPost 6
windy62

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USA

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They sold this deal with the scare tactic of having our credit rating dropped.

And it dropped ANYWAY!! Talk about getting pwned!!

What an idiot..

windy62

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08-07-2011 06:52 AM  6 years agoPost 7
nitro fun

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Oc ca

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sounds like obamas socialist plan is unfolding like all other socialist countries....

obummer what mess you got us under.

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08-07-2011 06:17 PM  6 years agoPost 8
Metalizer

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Canton, Ohio

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WAKE UP GUYS
“S&P are the same people that gave AAA ratings to the mortgage backed securities that Wall street was selling fully aware they were peddling trash..Wha­t this says about S&P's ratings shows something very wrong ...Maybe the folks at S&P have figured away of selling short the entire US Economy (sarcasm for those who didnt know it )”

All this crap that's coming down has been a long time a coming and i'm glad to see it. The end of selling America short with the paper pushing sellouts and finally people with money will have to produce something to make a profit, instead of sitting on their waist buckets making money at the daily workers expense.

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08-07-2011 06:40 PM  6 years agoPost 9
Inspector Fuzz

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NLA

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the daily workers expense.
Been reading Marx lately??

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08-07-2011 06:55 PM  6 years agoPost 10
Metalizer

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Canton, Ohio

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No
What are you referring too ?.....

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08-07-2011 07:34 PM  6 years agoPost 11
Metalizer

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Canton, Ohio

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Well...
since you can't answer and like to insinuate one's character. I will let you know what i have been reading.

http://aspenpost.net/2008/09/27/the...-short-history/

Watch at YouTube

http://en.wikipedia.org/wiki/Naked_short_selling

http://www.deepcapture.com/the-nake...ed-wall-street/

http://www.amazon.com/Sellout-Gover...l/dp/0061697168

Over the past decade, "$5 billion in political contributions bought Wall Street freedom from regulation, (and) restraint." From 1998 - 2008, "Wall Street investment firms, commercial banks, hedge funds, real estate companies and insurance conglomerates (the FIRE sector)" spent over $1.7 billion in political contributions and another $3.4 billion on lobbyists, in return for which:
they were freed from regulation;
could speculate on financial derivatives and an alphabet soup of securitized garbage, including asset-backed securities (ABSs), mortgage-backed securities (MBSs), collateralized mortgage obligations (CMOs), collateralized debt obligations (CDOs), collateralized bond obligations (CBOs), credit default swaps (CDSs), and collateralized fund obligations (CFOs) - combined, sliced, diced, packaged, repackaged, and sold in tranches to sophisticated and ordinary investors, many unwittingly through mutual funds, 401(k)s, pensions, and the like;
could merge commercial and investment banking and insurance operations;
bilk investors and the public through fraudulent schemes; and
get trillions of bailout dollars when the economy crashed.

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08-07-2011 07:39 PM  6 years agoPost 12
Rogue123

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Phoenix AZ

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This would be the guy to listen to What Peter Schiff has to say makes more realistic outcome.

http://www.youtube.com/user/SchiffReport?blend=1&ob=5

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08-07-2011 07:44 PM  6 years agoPost 13
Dennis (RIP)

rrApprentice

Oregon

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“S&P are the same people that gave AAA ratings to the mortgage backed securities that Wall street was selling fully aware they were peddling trash..Wha­t this says about S&P's ratings shows something very wrong ...Maybe the folks at S&P have figured away of selling short the entire US Economy (sarcasm for those who didnt know it )”
Yup, they made a big mistake on those mortgage backed securities.

I see they finally got their sh#t together.

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08-07-2011 10:31 PM  6 years agoPost 14
baby uh1

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St. James, Mo.

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Thanks, Barney Frank and Chris Dodd!

Anything is possible if you don't know what you are talking about!

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08-07-2011 11:28 PM  6 years agoPost 15
Dragon2115

rrKey Veteran

New England

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Lets not forget Chuck Schummer. Everybody forgets about him. Just because there's a capital D after his name most people think he's the typical liberal. And that's the problem Chuckie has been in the pocket of Wall St. ever since he showed up in the Senate. The New York Times (which was really ironic) did a piece on him and his ties to Wall St. along with how he single handedly shot down the last attempt Republicans made to rein in Wall St. and the sub-prime morgage lending in 2006. He did it by attaching a poison pill amendment which kill the bill before it even came to the floor. And lets not forget that this wolf in sheeps clothing was the one to start the dominos falling by stating publically that there were big problems at Fannie Mae and that investors should be worried about two months after Barney Frank said everything was A-OK at Freddie and Fannie. Now what he said was true, but if you're concerned about not starting a panic, and have any brains in your head, you don't announce it publically. Unless that's your plan. And the plan worked brilliantly, they managed to blame the republicans for everything and get control of both houses of Congress, with a supra majority in the Senate, along with the White House.

And then managed to screw it up even worse.

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08-08-2011 05:36 AM  6 years agoPost 16
Rogue123

rrKey Veteran

Phoenix AZ

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Oh my did anyone check out the gold and silver pre markets

http://www.cnbc.com/id/15839171/site/14081545/

Check out this link and goto time 50:00min
Lets see if Lindsay Williams is right? He was right about oil?
He states gold will hit 3000.00 and silver 75-100 starting in sept you will see the rise by 25% between Sept and Dec. I hope not if so starting hanging on.

http://www.youtube.com/watch?v=kVQ5w0KcQTs

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08-08-2011 09:51 AM  6 years agoPost 17
baby uh1

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St. James, Mo.

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Safer bet to invest in the Chinese currency! They have better government leadership for buisness since even communists are aparently right of our current "leadership"!

Anything is possible if you don't know what you are talking about!

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08-08-2011 06:46 PM  6 years agoPost 18
OICU812

rrMaster

Edson, Alberta, Canada

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Down, down, down. Today's stock markets are VERY depressing!!!!

...Once upon a time there were Nitros, flybars and frequency pins...

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08-09-2011 01:50 AM  6 years agoPost 19
Metalizer

rrApprentice

Canton, Ohio

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