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So much for the US credit rating going down

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posted on Jul, 24 2012 @ 02:18 AM
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www.bloomberg.com...

Basically what the article says is other countries are paying negative interest rates for the US to hold their currency in dollars. Their economies are so screwed they're giving us money to hold their money. All these politicans (especially Republicans) keep going around saying how bad the condition of the dollar is, and yet countries would rather pay us to hold their money, rather than let them hold it themselves.

It seems to me like, that's the ideal position to be in.

Yet another reason politics are BS.




posted on Jul, 24 2012 @ 03:28 AM
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If USA goes down sadly the west goes down



posted on Jul, 24 2012 @ 04:18 AM
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The point was more that the BS one side of our news is spewing about the dollar being on the verge of collapse due to Obama and everyone needing to invest in gold and food insurance is just that, BS. Politicians are flat out lying when the news reports otherwise. It doesn't mean the dollar is the strongest it's ever been, just that things aren't as bad as is being claimed.



posted on Jul, 24 2012 @ 05:36 AM
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Originally posted by Vrill
www.bloomberg.com...

Their economies are so screwed they're giving us money to hold their money.


This is the problem.
The supremacy of the dollar is being maintained at present because the economies of other nations are actually in a WORSE position than the US. All you really have here is a maintenance of the status quo, as a result of proportionate losses on both sides. Once people start to realise just how much trouble the US economy is in, however, or, once the US economy begins to fall like the lineup of dominoes it really is... things will change. Rapidly.



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