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Originally posted by WillNiendick
reply to post by Blood Royal
It's going to be fun >
No seriously, will it not be awesome not going into work, and getting to hear the news about the financial system murdering itself?
Well.. school in my case, but exponential growth is impossible, it had to happen sooner or later.
Japanese policy makers signaled their commitment to holding Treasuries after Standard & Poor’s lowered its outlook for the U.S.’s AAA credit rating to “negative” for the first time yesterday.
The agency kept America’s credit rating at triple A but for the first time since it started rating US debt 70 years ago, cut its outlook from “stable” to “negative”. A negative outlook means there is a one-third chance of a downgrade in the next two years.
Doubts about US creditworthiness could threaten the dollar’s use as a global reserve currency amid the rise of rivals such as China that have better growth prospects and fewer fiscal challenges.
Originally posted by Blood Royal
reply to post by WillNiendick
With all the wars, debt and corruption it appears imminent. I often wonder if when we have a melt down how bad it will get. Will it be chaos or will people be civilized. My bet is that there will be chaos. If there is a meltdown, I will probably try to find a place where there aren't to many people, so my family will be somewhat safe.
Originally posted by Hawking
Probably won't be as much fun for people who have to pay bills and put gas in their car