Missing Madeleine
Come join us...there's more inside you cannot see as a guest!

STANDARD AND POORS RATING FOR THE U.S.

View previous topic View next topic Go down

STANDARD AND POORS RATING FOR THE U.S.

Post  Panda on Mon 18 Apr - 20:52



The World"s largest Economy has been downgraded by S & P because the Republicans will not agree a package of savings proposed by the Democrats.

At the moment the U.S. has a deficit of , wait for it, $14 TRILLION !!!!!!!!!!! While S & P is the only one at the moment to show their concern they say
Politics is interfering with decision making and Political parties MUST work together because the current situation is unstable.

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  malena stool on Mon 18 Apr - 22:20

Panda wrote:

The World"s largest Economy has been downgraded by S & P because the Republicans will not agree a package of savings proposed by the Democrats.

At the moment the U.S. has a deficit of , wait for it, $14 TRILLION !!!!!!!!!!! While S & P is the only one at the moment to show their concern they say
Politics is interfering with decision making and Political parties MUST work together because the current situation is unstable.
Competition within industry is a fine thing and promotes value for money where evryone gains but, when political parties compete using the nation's assets there is always a clash of ideals and it's always the people who suffer.

Marx had the right idea.

malena stool
Platinum Poster
Platinum Poster

Male
Number of posts : 13385
Location : Spare room above the kitchen
Warning :
0 / 1000 / 100

Registration date : 2009-10-04

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  Angelique on Tue 19 Apr - 22:55

I always think of Fort Knox when I read about the USA's deficit.

Angelique
Platinum Poster
Platinum Poster

Female
Number of posts : 3418
Location : Freezing in England
Warning :
0 / 1000 / 100

Registration date : 2010-08-28

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  Panda on Wed 20 Apr - 2:36



I think this is the end of America as the Worlds largest economy. Russia has long argued against using the $ for trading in Oil and China owns half of
America as it is.

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  AnnaEsse on Wed 20 Apr - 9:00

Panda wrote:

I think this is the end of America as the Worlds largest economy. Russia has long argued against using the $ for trading in Oil and China owns half of
America as it is.

There is some controversy over whether or not Obama and Clinton granted eminent domain rights to China. This is a fairly good analysis of the issue.

http://www.examiner.com/republican-in-washington-dc/impeachment-time-obama-grants-eminent-domain-rights-to-china-to-secure-debt

Impeachment Time: Obama Grants Eminent Domain Rights to China to Secure Debt

February 27th, 2009 7:11 pm ET

William Dupray

DC Republican Examiner

The time for partisan bickering just ended. This is as serious as a heart attack. Obama is going to spend so much money, which he intends to get from China via the sale of government backed bonds, that the Chinese apparently don't think he'll be able to make good on them.

So President Obama gave the Chinese eminent domain rights to American land and businesses as collateral - i.e. we don't pay, they now own America.

From Patriot Room.

Because it looks like our wonderful new administration is granting the Chinese eminent domain as collateral for US debts. Yea you read that right. That means when we can no longer pay for all this massive spending the Chinese can call in the loans and take our land.

The thought that American citizens and businesses could lose their land as a means of payment is downright scary. I highly doubt ANY American citizen would have voted for Obama if they knew this was coming down the pike.


Live Leak has more details.

Sources at the United States Embassy in Beijing China have just CONFIRMED to me that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of US Treasury Notes and existing US Currency reserves!

The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to during her recent trip to China.

This means that in the event the US Government defaults on its financial obligations to China, the Communist Government of China would be permitted to physically take -- inside the USA -- land, buildings, factories, perhaps even entire cities - to satisfy the financial obligations of the US government.

Put simply, the feds have now actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to "take" all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt.

This cannot stand. It is traitorous and Obama should be impeached.

UPDATE (March 3, 2009):

World Net Daily contacted the State Department for a comment on the story.

The State Department says there is "no factual basis" to an Internet rumor that went viral over the weekend claiming Secretary of State Hillary Clinton was willing to pledge American homes to China as collateral for Beijing buying U.S. debt.

The rumor, in various versions, claimed Clinton brought with her last month to Beijing a written agreement offering to extend to China the option to exercise eminent domain rights within the U.S. The rights purportedly were offered as collateral for China's continued willingness to purchase additional trillions of dollars in U.S. Treasury debt the Obama administration hopes to sell to finance projected federal budget deficits.

"There is no factual basis or substance to this report," Laura Tischler, a State Department press officer, e-mailed WND in response to an inquiry.. . .

Underlying the Internet rumor was the fact that a major purpose of Clinton's February trip to China was to make sure the Chinese would continue to buy U.S. Treasury debt in the trillions of dollars the Obama administration will need to fund the massive budgetary deficits planned for economic bailouts and an unprecedented expansion of the welfare state.

So Clinton went to China to give (still unspecified) assurances that the Obama Administration's blowing of trillions of Chinese-backed tax dollars on pork wouldn't jeopardize the United States' ability to pay the debt. That must have been a pretty tough sell. So, though the State Department denies the claim of grants of eminent domain rights, Clinton reportedly did calm Chinese nerves by earnestly telling them that we would pay the bills, "Cross my heart, hope to die, stick a needle in my eye."

If that is good enough for the ChiComs, it is good enough for me.

_________________________________________________________________________________________________
"You can run on for a long time, Run on for a long time, Run on for a long time, Sooner or later God'll cut you down." (Johnny Cash)

AnnaEsse
Administrator
Administrator

Female
Number of posts : 18466
Age : 105
Location : Casa Nostra
Warning :
0 / 1000 / 100

Registration date : 2009-09-23

http://frommybigdesk.blogspot.com/

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  Panda on Wed 20 Apr - 9:34

AnnaEsse,

WOW, I didn"t know the President had agree eminent domain. How the hell can he do that to the Amarican citizens who have paid for their Properties?

Whatever happened to the American "Liberty and Freedom" mantra ? I didn"t know about this deal, I thought America own half of the U.S. through trade
not borrowing. Thanks for the info.

I remember a long long time ago someone saying that China would rule the World and it would be through Economics, not War.Either the Republicans
and Democrats stop arguing and work together to resolve the debt crisis or it will never be repaid. The Citizens of america will have to bite the bullet and
accept harsh cuts and we all know this will be difficult , as it is in the U.K.

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  AnnaEsse on Wed 20 Apr - 10:13

Panda wrote: AnnaEsse,

WOW, I didn"t know the President had agree eminent domain. How the hell can he do that to the Amarican citizens who have paid for their Properties?

Whatever happened to the American "Liberty and Freedom" mantra ? I didn"t know about this deal, I thought America own half of the U.S. through trade
not borrowing. Thanks for the info.

I remember a long long time ago someone saying that China would rule the World and it would be through Economics, not War.Either the Republicans
and Democrats stop arguing and work together to resolve the debt crisis or it will never be repaid. The Citizens of america will have to bite the bullet and
accept harsh cuts and we all know this will be difficult , as it is in the U.K.

It would appear to be true. There is a video of Bob Chapman talking about this, which I cannot find. Chapman is a reputable forecaster and analyst.

http://www.abovetopsecret.com/forum/thread668028/pg1

http://answers.yahoo.com/question/index?qid=20090227073232AA9HE6Z


_________________________________________________________________________________________________
"You can run on for a long time, Run on for a long time, Run on for a long time, Sooner or later God'll cut you down." (Johnny Cash)

AnnaEsse
Administrator
Administrator

Female
Number of posts : 18466
Age : 105
Location : Casa Nostra
Warning :
0 / 1000 / 100

Registration date : 2009-09-23

http://frommybigdesk.blogspot.com/

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  Panda on Wed 20 Apr - 10:47



Thanks AnnaEsse, I watched the 5 minute video, the guy seemed very patronising.!!1 Have to go out soon so will read the rest when I get back this pm.

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  AnnaEsse on Wed 20 Apr - 11:06

Panda, there is also the fact that some years ago (I'll find links later) when the US was negotiating oil contracts with Middle East states, they agreed to pay some of the cost in Treasury bills. When the dollar collapses, as I think it will, those Treasury bills will be worthless.

_________________________________________________________________________________________________
"You can run on for a long time, Run on for a long time, Run on for a long time, Sooner or later God'll cut you down." (Johnny Cash)

AnnaEsse
Administrator
Administrator

Female
Number of posts : 18466
Age : 105
Location : Casa Nostra
Warning :
0 / 1000 / 100

Registration date : 2009-09-23

http://frommybigdesk.blogspot.com/

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  Panda on Wed 20 Apr - 17:10

AnnaEsse wrote:Panda, there is also the fact that some years ago (I'll find links later) when the US was negotiating oil contracts with Middle East states, they agreed to pay some of the cost in Treasury bills. When the dollar collapses, as I think it will, those Treasury bills will be worthless.

AnnaEsse, just watching Bloomberg, Professor Kotlikoff of some University has forecast the American bond market will crash.!!!!!!!

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  AnnaEsse on Wed 20 Apr - 17:20










_________________________________________________________________________________________________
"You can run on for a long time, Run on for a long time, Run on for a long time, Sooner or later God'll cut you down." (Johnny Cash)

AnnaEsse
Administrator
Administrator

Female
Number of posts : 18466
Age : 105
Location : Casa Nostra
Warning :
0 / 1000 / 100

Registration date : 2009-09-23

http://frommybigdesk.blogspot.com/

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  Panda on Wed 20 Apr - 17:55

Angelique wrote:I always think of Fort Knox when I read about the USA's deficit.

Angelique if Germany asked for the return of the Gold deposited at Fort Knox for safety during th 39-45 war, America couldn"t afford to replace it.!!!!!!

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  Panda on Wed 20 Apr - 18:09



Thanks AnnaEsse, but as you know that interviewer really grates on me.

I"m off to cook something for my dinner but thought this little anecdote might interest you. When I worked in HSBC Jersey many moons ago I noted in
the Managers Office a framed what looked like a Share Certificate, quite large. When I asked my Boss what it repsesented he said many years ago
HSBC Investment Bank bought several Million Bonds issued by the Chinese which proved worthless because China reneged on the Debt. In every
Managers Office of HSBC around the World was a picture of the Share Certificate to remind Managers not to be profligate with loans.

Panda
Platinum Poster
Platinum Poster

Female
Number of posts : 30555
Age : 59
Location : Wales
Warning :
0 / 1000 / 100

Registration date : 2010-03-27

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  AnnaEsse on Wed 20 Apr - 23:10

Panda wrote:

Thanks AnnaEsse, but as you know that interviewer really grates on me.

I"m off to cook something for my dinner but thought this little anecdote might interest you. When I worked in HSBC Jersey many moons ago I noted in
the Managers Office a framed what looked like a Share Certificate, quite large. When I asked my Boss what it repsesented he said many years ago
HSBC Investment Bank bought several Million Bonds issued by the Chinese which proved worthless because China reneged on the Debt. In every
Managers Office of HSBC around the World was a picture of the Share Certificate to remind Managers not to be profligate with loans.

Alex Jones irritates a lot of people, but Lyndsey Williams has a great deal of experience in the oil trade and is worth listening to.

_________________________________________________________________________________________________
"You can run on for a long time, Run on for a long time, Run on for a long time, Sooner or later God'll cut you down." (Johnny Cash)

AnnaEsse
Administrator
Administrator

Female
Number of posts : 18466
Age : 105
Location : Casa Nostra
Warning :
0 / 1000 / 100

Registration date : 2009-09-23

http://frommybigdesk.blogspot.com/

Back to top Go down

Re: STANDARD AND POORS RATING FOR THE U.S.

Post  Sponsored content Today at 18:27


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum