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Breaking News! S&P downgrade US Credit Rating from AAA to AA+ !

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posted on Aug, 5 2011 @ 07:53 PM
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I am just enjoying the strong Canadian dollar and our socialist healthcare system, can wait to watch you Americans become a third world country...



I kid, I kid....







posted on Aug, 5 2011 @ 07:53 PM
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reply to post by SonOfTheLawOfOne
 


Not always going to be like this, sooner or later it will come crashing down.



posted on Aug, 5 2011 @ 07:54 PM
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reply to post by boncho
 


Who's going to defend your nation then? The Russians? The Cubans? The Chinese? Yeah, you'll have socialized health care all right, right in a re-education camp. Good luck.



posted on Aug, 5 2011 @ 07:55 PM
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However, the credit rating agency is now reconsidering its decision after the administration pointed out that it had made "a pretty big fundamental mistake on the math," the unnamed official said.


www.foxnews.com...


Sounds like palms might be being greased or threats being made. They are already reconsidering the decision.
The damage has been done even if they do change it back to AAA. Monday the market will be insane.



posted on Aug, 5 2011 @ 07:55 PM
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edit on 8/5/2011 by Josonic because: (no reason given)



posted on Aug, 5 2011 @ 07:57 PM
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reply to post by boncho
 


I heard on Alex jones the other day, A Minister from Montana say. That he has really been surprised about the amount of new facilities getting built on The US Canada border. I think they should have these on the Mexico border. But why have them up there. Aghhh. To stop the Americans from escaping into Canada. Contain the roaches.



posted on Aug, 5 2011 @ 08:00 PM
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Can't wait for Monday, the Stock Market is going to go into overdrive.

No doubt the plunge protection squad will try to hammer Silver and Gold, which is good if your buying.

Silver at 38 and Gold at 1,660 woohoo buy buy buy, this time next week it will be 48 and 1,750 and rising.

Everybody should get CMC market software, you can watch it all in real time and maybe even make a buck or two.

Very useful tool for witnessing massive market interventions by unseen hands as we saw on Aug 4.

Lets not forget that the US is surviving on borrowed money, now that the rating has slipped from AAA to AA+ that borrowed money is about to get more expensive.

October surprise anyone ?

Cosmic...



posted on Aug, 5 2011 @ 08:01 PM
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reply to post by boncho
 


Careful what you wish for, or else we may be moving to Canada
Ive thought about it



posted on Aug, 5 2011 @ 08:07 PM
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Lower credit rating means higher interest rates which means stronger dollar and lower stock prices.
Now what we don't know is if the downgrade got telegraphed to the investment houses ahead of time?
That would explain a lot..



posted on Aug, 5 2011 @ 08:08 PM
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reply to post by boncho
 

I am just enjoying the strong Canadian dollar and our socialist healthcare system, can wait to watch you Americans become a third world country...



I kid, I kid....


Which part are you kidding about, exactly? It all seems right enough to me...the correction ALWAYS comes, eventually.

I love the founding ideals of the US, but at this point we are little more than a banana republic. Our catching up with (degrading to?) the 3rd world is coming.



posted on Aug, 5 2011 @ 08:09 PM
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Originally posted by Swills
reply to post by boncho
 


Careful what you wish for, or else we may be moving to Canada
Ive thought about it


Funny you mention that, because I deal with a lot of American companies at work and quite a few are talking about setting up Headquarters in Canada.

Although, our economies are too tightly knit I believe for one country to surpass the other entirely. Some people do not realize that during the Great Depression Canada suffered just as bad if not worse in some cases.

Anyway, I really do love my American brothers and sisters. I just think the people that represent you in Government are Circus Troop.



posted on Aug, 5 2011 @ 08:10 PM
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Originally posted by Bordon81
Lower credit rating means higher interest rates which means stronger dollar and lower stock prices.
Now what we don't know is if the downgrade got telegraphed to the investment houses ahead of time?
That would explain a lot..


ching ching

you are a thinker....



posted on Aug, 5 2011 @ 08:13 PM
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Originally posted by boncho
I am just enjoying the strong Canadian dollar and our socialist healthcare system, can wait to watch you Americans become a third world country...



I kid, I kid....



Better not be advertising that kind of stuff. We have half a million Detroiters that can't read with guns that are always looking for somewhere better to freeload. Thier right on your boarder they'll be floating across the Detroit river on rafts like they do from Haiti.
edit on 5-8-2011 by wantsome because: (no reason given)



posted on Aug, 5 2011 @ 08:13 PM
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reply to post by Bordon81
 


Higher interest rates means an accelerated economic collapse, because we all know people in the states can not afford higher interest rates.



posted on Aug, 5 2011 @ 08:13 PM
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Wonder what impact this has on the Stock market tomorrow.

Let it fail, let it all fail!

ALS



posted on Aug, 5 2011 @ 08:16 PM
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Expect to see a fire sale of debt instruments, and another huge loss of wealth - because many retirees’ savings are in the form of bonds, and if the bonds become “worth less” (not yet "worthless) - then their retirements get a whole lot grimmer.



posted on Aug, 5 2011 @ 08:16 PM
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Originally posted by ArcAngel
reply to post by boncho
 


Who's going to defend your nation then? The Russians? The Cubans? The Chinese? Yeah, you'll have socialized health care all right, right in a re-education camp. Good luck.


The Canadian philosophy has always been about peacekeeping and neutrality. While our country does not like war unless absolutely necessary, we still put up a fight if push comes to shove.


Of a population approximately 11.5 million, 1.1 million Canadians served in the armed forces in the Second World War. Of these, an officially recorded total of 42,042 members of the armed forces gave their lives, and another 55,000 were wounded. Many others shared the suffering and hardship of war.[55]
1


Regardless, my comment was in jest, and the US and Canada have an intertwined economy, anything bad for either side does not bode well for North America as a whole. And that is the most important thing.
edit on 5-8-2011 by boncho because: spelling, oh boy



posted on Aug, 5 2011 @ 08:22 PM
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Originally posted by Bordon81
Lower credit rating means higher interest rates which means stronger dollar and lower stock prices.
Now what we don't know is if the downgrade got telegraphed to the investment houses ahead of time?
That would explain a lot..

Higher interest rates? You think the FED is gonna raise interest rates? If they do, the whole economy goes kaboom. Millions more will be homeless, more banks are gonna fail.

Lower stock prices will destroy the 401k... pissing people off.

No way they'll raise interest rates... and stronger dollar... yes at first, since everyone will be selling US treasuries... but medium/long term, forget it.

Is the Greek economy stronger since their credit rating has been crushed? NO!



posted on Aug, 5 2011 @ 08:23 PM
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Originally posted by ALOSTSOUL
Wonder what impact this has on the Stock market tomorrow.

Let it fail, let it all fail!

ALS


Well nothing at all until it opens Monday morning



posted on Aug, 5 2011 @ 08:24 PM
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As a Canadian I am a bit concerned about this what it means for the lending and the interest rates here, with the downgrade in the US to AA+ on top of the BAC being sued Monday is going to be a very rocky day on the stock markets.



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