Stock futures take a new leg down and the greenback comes well off its highs after S&P...


Stock futures take a new leg down and the greenback comes well off its highs after S&P affirms the U.S. AAA credit rating, but lowers its outlook to negative. Index futures now down more than 1%.
Comments (3)
  • The_Hammer
    , contributor
    Comments (5052) | Send Message
     
    If USA was a private company, it would be a couple notches into junk.

     

    Games is up soon. Be prepared folks.
    18 Apr 2011, 09:26 AM Reply Like
  • The_Hammer
    , contributor
    Comments (5052) | Send Message
     
    Actually I want to change that comment. If the US was a private company it would be insolvent already or at least selling off assets feverishly to keep its head above water.
    Be prepared folks the unbelievable is going to happen accept it and prepare yourself.
    18 Apr 2011, 12:33 PM Reply Like
  • User 353732
    , contributor
    Comments (5158) | Send Message
     
    How could this be news to any real person?

     

    US public debt at the federal, state , county and muni level is, for the most part, either on the verge of being bad or is already bad.

     

    Only the now unmerited status of the fiat dollar as reserve currency allows the vast fraud of US public debt to not just persist but swell.

     

    Of course, in time economic truth always prevails. Soon enough and quite suddenly the dollar will be ejected as reserve currency and US public debt will then be revealed for the lie it is.
    18 Apr 2011, 10:33 AM Reply Like
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