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(Marketwatch)   US Credit rating downgraded to Redneck Lottery Winner   (marketwatch.com) divider line 203
    More: Asinine, Redneck Lottery Winner, Egan-Jones, U.S., Bankruptcy of Lehman Brothers  
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13983 clicks; posted to Business » on 14 Sep 2012 at 8:16 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-14 09:11:11 PM

oldernell: OK. So where else would you put your money. Recommendations, please.


My guns 'n' ammo portfolio has doubled in value since Obama was elected.
 
2012-09-14 09:11:31 PM
quantitative easing

cdn5.wn.com
 
2012-09-14 09:14:00 PM

Indubitably: whidbey: Don't worry, we'll get our credit rating back.

All we have to do is elect lots of Republicans. Across the board should do.

Wrong answer.


Oh come on. Everything will be cheaper, too. You'll see.
 
2012-09-14 09:16:28 PM
Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.
 
2012-09-14 09:18:37 PM

Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.


So labor and production don't count for anything anymore unless you have some stupid precious metal to back it up?
 
2012-09-14 09:18:46 PM

Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.


Guns.
 
2012-09-14 09:20:33 PM
I wouldn't consider a country whose legislative bodies were full of traitors who are willing to sabotage the nations solvency in order to "get" a President they don't like credit-worthy, either.
 
2012-09-14 09:21:10 PM
Rewarding the banking industry is a fools' game, for you will ultimately be left broken and dead via pleb violence, and ultimately, you are a parasite, so if the host dies, so do you. It's called Calculus.

Stand in your castles, but understand, the water is rising...

;)
 
2012-09-14 09:21:41 PM

sew_buttons: What does this mean exactly?

Will China will tighten up the purse strings or something?


It means the government is going to print more money out of thin air, and lend it to wall street bankers and traders at 0% interest, also known as "Free Money". The banksters will then take all this free money, use it to make more money, then give back the original principle while keeping all of the profits. Unless of course the investments fail for some reason, then they wont pay it back and the public eats the loss.

Oh, and all of the bankers profits come at the expense of inflation for you normal people.

TLDR: rich people are stealing all of your money through a complicated banking scam... and we're going to let them do it, because once they go from being rich to super mega ultra rich, they can hire more peasants. Or something.
 
2012-09-14 09:22:02 PM

xanadian: Strongbeerrules: All my assets are tied up in staying alive.

Ah, ah, ah, ah, staying alive, staying alive.


Damn you for invoking the Bee Gees; that song is going to be stuck in my head for an hour or two.
 
2012-09-14 09:22:03 PM

whidbey: Indubitably: whidbey: Don't worry, we'll get our credit rating back.

All we have to do is elect lots of Republicans. Across the board should do.

Wrong answer.

Oh come on. Everything will be cheaper, too. You'll see.


Cheaper and more deadly...great.
 
2012-09-14 09:22:52 PM
Or there's this: the United States is sitting like a big, fat economical bull elephant on the world economy and forcing interest rates lower to keep interest payments on its sovereign debt, at the very least, stable (roughly half a trillion dollars per annum).

When interest rates approach or hit zero, the US refinances its debt obligations in the form of 30 year Treasury bonds, then stands up and lets the inflationary cork out of the bottle.

Step 3: Profit. While other governments and spheres of influence spiral out of economic control in a repeat of 1980-81 interest rates, the US makes out like a bandit,
 
2012-09-14 09:24:41 PM
the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar

I'm no economist, but I thought low interest rates only create inflation if people spend more because they can borrow more easily?



bunner: And when it's time to collect, you better learn Chinese.


sew_buttons: Will China will tighten up the purse strings or something?


China only holds about 8% of US debt.
 
2012-09-14 09:26:34 PM

fusillade762: the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar

I'm no economist, but I thought low interest rates only create inflation if people spend more because they can borrow more easily?



bunner: And when it's time to collect, you better learn Chinese.

sew_buttons: Will China will tighten up the purse strings or something?

China only holds about 8% of US debt.


[ohsnap.jpg]
 
2012-09-14 09:26:45 PM

fusillade762: the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar

I'm no economist, but I thought low interest rates only create inflation if people spend more because they can borrow more easily?



bunner: And when it's time to collect, you better learn Chinese.

sew_buttons: Will China will tighten up the purse strings or something?

China only holds about 8% of US debt.


Exactly.

So, QE-E: Pay off all student loan debt forever. Free students. That is all.
 
2012-09-14 09:27:40 PM

Indubitably: fusillade762: the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar

I'm no economist, but I thought low interest rates only create inflation if people spend more because they can borrow more easily?



bunner: And when it's time to collect, you better learn Chinese.

sew_buttons: Will China will tighten up the purse strings or something?

China only holds about 8% of US debt.

Exactly.

So, QE-E: Pay off all student loan debt forever. Free students. That is all.


Do some REAL good.
 
2012-09-14 09:28:11 PM

fusillade762: the Fed's plan of buying $40 billion in mortgage-backed securities a month and keeping interest rates near zero does little to raise GDP, reduces the value of the dollar

I'm no economist, but I thought low interest rates only create inflation if people spend more because they can borrow more easily?



bunner: And when it's time to collect, you better learn Chinese.

sew_buttons: Will China will tighten up the purse strings or something?

China only holds about 8% of US debt.



Yes, we "owe" most our national debt to the "Fed".

LOL!

2254a9d02b08b47afd5d-5a659056359faa679ad29652935f7074.r92.cf1.rackcdn.com

Joke's on who?
 
2012-09-14 09:29:24 PM
The Derptastic Rating Agency has derped all over U.S. Treasuries. It's so scary! We're all ruined.

So vote Romney.

(Did I get that right, derpmitter?)
 
2012-09-14 09:29:53 PM
I've never seen a bunch of people root against America as hard as the comments on that article.
 
2012-09-14 09:29:53 PM
We're so Farked.

Thanks Obama!
 
2012-09-14 09:30:01 PM

Amos Quito: Joke's on who?


Pretty sure the "joke" is on anyone who thinks they're somehow above all this.
 
2012-09-14 09:30:03 PM

fusillade762: China only holds about 8% of US debt.


Don't worry, they're shoveling it into the hands of their 1.34 billion strong wannabe consumer class as fast as they can.
 
2012-09-14 09:31:03 PM
Obama is better.
 
2012-09-14 09:31:19 PM

whidbey: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

So labor and production don't count for anything anymore unless you have some stupid precious metal to back it up?


Where has labor gotten you?
 
2012-09-14 09:31:39 PM

whidbey: Amos Quito: Joke's on who?

Pretty sure the "joke" is on anyone who thinks they're somehow above all this.



Above all what?
 
2012-09-14 09:31:41 PM

Indubitably: Obama is better.


P.S. You're welcome.
 
2012-09-14 09:32:58 PM

RedVentrue: We're so Farked.

Thanks Obama!


*looks at last 30 years of utter unbridled avarice and gutting of the economy*

"Yeah, it's the.... "

*spins wheel*

"Black guy!"
 
2012-09-14 09:33:38 PM

Linkster: whidbey: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

So labor and production don't count for anything anymore unless you have some stupid precious metal to back it up?

Where has labor gotten you?



You load sixteen tons an' what do you get?
 
2012-09-14 09:34:25 PM

Indubitably: Obama is better.



Glad to hear that.

/I didn't know he was sick!
 
2012-09-14 09:34:42 PM
Invest in oil. When Iran is inevitably invaded, they /will/ shut down the strait. And when they do, oil will soar higher than anything we've ever seen in our lifetimes. It will be over $200/barrel and that alone will drive the U.S. back into recession through subsidized gasoline. If you have the proper investments right now, you'll be so far ahead of the curb that you won't give a shiat that the world is crumbling around you. (I'm not serious about that, that's terrible, but the investment-related information is in my opinion correct.)
 
2012-09-14 09:36:19 PM

Linkster: Where has labor gotten you?


Well, I got this beat to snot 1994 sedan and a nasty pain in my shoulder. Fridge is full. Woo! The American Dream!™ *

*
No user serviceable parts inside.
 
2012-09-14 09:36:48 PM

Amos Quito: Indubitably: Obama is better.


Glad to hear that.

/I didn't know he was sick!


Hee.

Obama is better than Rom-nay, period.

Rom-nay spawns from golden tablets, man.

Obama spawns from mind moreso?

Assuredly.
 
2012-09-14 09:37:13 PM

Linkster: whidbey: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

So labor and production don't count for anything anymore unless you have some stupid precious metal to back it up?

Where has labor gotten you?


Um...all of civilization? Homes, farms, factories, roads...Infrastructure doesn't build itself.
 
2012-09-14 09:37:14 PM

bunner: RedVentrue: We're so Farked.

Thanks Obama!

*looks at last 30 years of utter unbridled avarice and gutting of the economy*

"Yeah, it's the.... "

*spins wheel*

"Black guy!"


Oh I agree, but this screwing is an open ended train with no sighns of stopping untill we reach Harare!

Bend over and don't forget to breathe, 'cause this might take a long, long time.
 
2012-09-14 09:38:35 PM

bunner: Linkster: Where has labor gotten you?

Well, I got this beat to snot 1994 sedan and a nasty pain in my shoulder. Fridge is full. Woo! The American Dream!™ *



* No user serviceable parts inside.


† Made in China

/FTFY
 
2012-09-14 09:40:55 PM

LordJiro: Linkster: whidbey: Linkster: Paper will always be paper. Money, digital money is gone when the lights go out. Material is wealth. Having something to sell that is needed, is wealth. Water, gold, silver, food. fuel, etc.

So labor and production don't count for anything anymore unless you have some stupid precious metal to back it up?

Where has labor gotten you?

Um...all of civilization? Homes, farms, factories, roads...Infrastructure doesn't build itself.


The wage slaves do that, but if things are arranged sufficiently, you don't have to pay them, just feed them enough to keep them moving.
 
2012-09-14 09:44:16 PM
www.davidicke.com

encrypted-tbn0.google.com
Romney investment.
 
2012-09-14 09:45:44 PM
Not to worry, the GOP won't object to a little more debt...

2.bp.blogspot.com
 
2012-09-14 09:46:41 PM
RIP Egon!
upload.wikimedia.org
 
2012-09-14 09:48:30 PM
We've all been bent and greased and dropped off on the rainy corner and all this malarkey is about picking the suit with the best "I know a guy who knows a guy who has his phone number, and I PROMISE I'll have him come back and take you home" story. We don't want the candidates to fix things. They can't. We want them to get the people who are still stealing the paint off the wall on the horn and tell them they better cut the sh*t, or else. Any takers on the odds of that happening? Our leaders aren't in bed with the enemy, they're sucking his dick while they dust and make coffee while wearing a crotch-less French maid's outfit. And every so often they smile and ask to keep their jobs because "any day now, I'm going to ask daddy if you can use the car". We are a gullible lot.
 
2012-09-14 09:48:30 PM
This is great:

"The Golden Age of Banking" 

and Part Two of the same routine.

Great Stuff there. Worth the watching. EXPLAINS EVERYTHING!
 
2012-09-14 09:50:35 PM
Go to your county assessors site, plug in National Federal Mortgage for owner. These are our mortgage backed securities.
 
2012-09-14 09:54:57 PM

bojon: Go to your county assessors site, plug in National Federal Mortgage for owner. These are our mortgage backed securities.


The house down the street was foreclosed on for the second time in 3 years. Things are not getting any better.
 
2012-09-14 09:57:28 PM

smitty04: bojon: Go to your county assessors site, plug in National Federal Mortgage for owner. These are our mortgage backed securities.

The house down the street was foreclosed on for the second time in 3 years. Things are not getting any better.


Depends on which side of the fan you're on. Things are smelling pretty rosy for the people who threw the sh*t into it. They managed to swindle the entire western world. Ha ha.
 
2012-09-14 09:57:46 PM
It's all right though, Obama is in office and we all know that he won't cause anything that serious.

So this doesn't count as a warning and we can safely ignore it.
 
2012-09-14 10:02:22 PM

smitty04: bojon: Go to your county assessors site, plug in National Federal Mortgage for owner. These are our mortgage backed securities.

The house down the street was foreclosed on for the second time in 3 years. Things are not getting any better.


Thank you for acknowledging that trickle-down economics don't work. Or did you not realize that the stock market is near an all-time high, huge corporations are making record profits, and the wealthy are just generally getting wealthier than ever?

Acknowledging that things aren't getting much better for the poor and middle class is explicitly acknowledging that trickle-down, the cornerstone of Republican economic theory, DOES NOT WORK.
 
2012-09-14 10:03:28 PM

bunner: smitty04: bojon: Go to your county assessors site, plug in National Federal Mortgage for owner. These are our mortgage backed securities.

The house down the street was foreclosed on for the second time in 3 years. Things are not getting any better.

Depends on which side of the fan you're on. Things are smelling pretty rosy for the people who threw the sh*t into it. They managed to swindle the entire western world. Ha ha.


Too many people were getting houses they could not afford. The government was pressuring mortgage companies to loan money to unqualified people.
 
2012-09-14 10:03:57 PM
I love when the rightards point an Solyndra and start squwaking. It's such a great way for them to try and kill public support for alternative energy AND undercut Obama at the same time.

Obey your corporate masters wingnuts!
 
mjg
2012-09-14 10:04:25 PM
Canada's dollar is going up to $1.05 on the US dollar. And Canada is maintaining it's AAA credit rating.
 
2012-09-14 10:06:19 PM

austin_millbarge: I love when the rightards point an Solyndra and start squwaking. It's such a great way for them to try and kill public support for alternative energy AND undercut Obama at the same time.

Obey your corporate masters wingnuts!


Yup, point out factual corruption and crony capitalism counts as corporatism now.

/ love is hate, etc...
 
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