When will the US be downgraded????

[W4rl0ck]

NYC and DC together are Rome.

And they can't feed or wipe themselves.

What happens when the provinces revolt?

This is the Fall of the Rome Empire speeded up.

First SoCal breaks off cause they wanna be Mexicans then the other regions decide they don't need NYC or DC and start breaking away in groups. NYC and DC die off.

Quote from Cesko:

U.S. is no Rome. U.S. feeds itself(plus some others). Romans never did.

 

[dhpar]

Quote from Cesko:

U.S. is no Rome. U.S. feeds itself(plus some others).

is that why US has such a large trade and budget deficits?

US clearly dos not feed itself - wake up. It feed itself from borrowed money...

 

[Trendytrader]

Iceland's sovereign debt is downgraded today because of ...wait for it "for guaranteeing deposits and funding bank rescue".

USA has to be next for downgrade based on the rate we are funding bank bailout's then add $700B to the national debt to bring it up to $11 trillion.


http://www.bloomberg.com/apps/news?pid=20601087&sid=au5.dk3GEyWI&refer=home

Iceland Debt Rating Cut by Fitch Amid Glitnir Bailout (Update1)

By Benedikt Kammel

Sept. 30 (Bloomberg) -- Iceland's sovereign debt rating was reduced by Fitch Ratings, the second downgrade in as many days, after the Atlantic island's government agreed to bail out Glitnir Bank hf.

Fitch cut its long-term foreign currency rating to A- from A+, and said the new rating remains on review for another cut. Fitch also cut its ratings on four Icelandic banks. Moody's placed Iceland's Aa1 government bond rating on review for a downgrade today. Standard & Poor's yesterday reduced Iceland's foreign-currency debt rating one level to A- and said it may lower it further.

``The risks to macroeconomic stability and sovereign creditworthiness arising from distress in the banking system have materially increased,'' Fitch Ratings Director Paul Rawkins said in a statement today.

Iceland's government yesterday said it will take control of Glitnir, the country's third-largest commercial lender, by investing 600 million euros ($859 million) for a 75 percent stake.

 

[bjjtrader]

There is plenty of room to cut.

US could knock out its debt tremendously in 5 years by:

1) cutting the military in half, would still have the best military in the world
2) double the money supply and inflate away half the debt (its happened already - do it again)

 

[Trendytrader]

Quote from bjjtrader:

There is plenty of room to cut.

US could knock out its debt tremendously in 5 years by:

1) cutting the military in half, would still have the best military in the world
2) double the money supply and inflate away half the debt (its happened already - do it again)

There will be a point one day when lenders will only lend to the US in their own currency. Then it will be interesting.

 

[Pa(b)st Prime]

Quote from thriftybob:

Sorry to burst your bubble, but we are net importers of food these days, too.

That's not really accurate. We import a lot of non-essential food items. A jar of Kalamata olives vs. beef doesn't cut it......

 

[JamesVU2000]

Quote from dozu888:

people just don't get it.

when you have the worlds strongest armed forces with 50% of the worldwide defense budget, and your currency is the world reserve currency, you hold the world hostage both financially and militarily.... your credit rating is always

AAAAAAAAAAAAAAA

Totally agree. we intimidate the rest of the world. thats just the way it is.

 

[Pa(b)st Prime]

Weirdly your post (I hope it wasn't in jest) is the single most perceptive thought here in weeks.

Our nation's municipalities and states are on life support with limited taxation powers and a slowing economy. Meanwhile the Federal war and entitlement machine keeps on humming. And soon we just may have some cocksucking pos from Chicago INCREASING the size of D.C. Obama is living in the last century. A new leader will emerge-maybe even Palin (don't laugh) who will rally folks around the notion of states rights bordering on secession. Since Alaska will clearly be the first state out of here she may be uniquely qualified for the most important emerging issue since 1861.

Quote from W4rl0ck:

NYC and DC together are Rome.

And they can't feed or wipe themselves.

What happens when the provinces revolt?

This is the Fall of the Rome Empire speeded up.

First SoCal breaks off cause they wanna be Mexicans then the other regions decide they don't need NYC or DC and start breaking away in groups. NYC and DC die off.

 

[Trendytrader]

Quote from JamesVU2000:

Totally agree. we intimidate the rest of the world. thats just the way it is.

That's exactly what the Roman's thought too. US is militarily over extended....

 

[JamesVU2000]

What you apparently dont understand is the rest of the world has given the US and unlimited credit card.

Do you know who has the 4 largest air forces?

US air forcce
British
US Navy
US Marines.

I cant remember how many aircraft carriers we have? 10 ? 12? Does anyone have else have two?

And dont give me foreigners are about sell off US assets. They would destory themselves and it would be an act of war.