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Are the most powerful "anti-American" voices right here in America or abroad?

flaca BN-0 2011/08/05 00:17:32
Moody's declined to take our Triple A rating down. Now I wonder why that was? Has anyone figured it out yet. Because despite everything, America is still seen as the most secure place to put money.

The truth is the rest of the world does pay attention (if only Americans did). That the bankster/housing bubble/fraudulent loaning practices that caused the recession are just that - a sector of our country being bad, not the whole country. Other countries have educated themselves about the fact that only a sliver of the country is out of control, but the majority of the country still has morals and is just as outraged. Therefore, the rest of the world who have better, more sophisticated press than we do (luckily) have figured this out. It's not the whole of America that is screwed up, just a portion of it.

The rest of the world believes America will hamstring the pirahnas and get back to our place at the top of trustworthy investment locations. Now here in America we have many organizations that want to paint us as a lost cause. Luckily the rest of the world believes in America more than some of our own do (how sick is that?).

Yes guys and gals, the only thing to fear is our own. Are you paying attention?
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  • Linda 2011/08/23 01:52:07
    Linda
    I would say some are in america and some are abroad its a mix in my opinion. But I believe thats how it is in many places, we are divided amongst each other because of our differences in opinion and we cant seem to try and see eye to eye on them all or at least some of them
  • chaoskitty123 2011/08/06 05:11:04
    chaoskitty123
    Well flaca... S&P; apparently is cutting us to AA status like they threatened they would do... go check Jimbo's latest topic as he's discussing it there. http://www.sodahead.com/unite... So it appears you were a bit overzealous maybe in making this topic where Moodies is concerned and not waiting for the bigger S&P; to make it's decision.
  • chaoskitty123 2011/08/05 09:29:13
    chaoskitty123
    Switzerland is actually the safest place to put your money... America's the best place to rip people off and steal money. in fact, we're the target of almost every nation on Earth for scams and theft. Russian teenagers make it a game hacking into US bank accounts to transfer funds to their own accounts. South Africa is one of many nations constantly trying to rip us off with all kinds of scams.

    Truth is flaca, America is the wealthiest nation on the planet and loaning us money means we pay them huge profits in interest as all we're doing is paying the interest which is the first sign that any credit card holder is becoming a bad loan risk as at some point they must begin paying on the original loan and stop asking for credit increases.

    Plus, you mention Moodys... it's not the only one we have to worry about and it may not even matter as AAA status only means these institutions are saying it's safe to loan the US money and it's likely they may continue doing it for as long as it looks like we can pay off the interest. But like all credit card companies, they can't base their decisions solely on you having a perfect credit rating... once you start only paying the interest on what you owe, they'll start watching you like a hawk and begin demanding you start paying on the debt t...

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    Switzerland is actually the safest place to put your money... America's the best place to rip people off and steal money. in fact, we're the target of almost every nation on Earth for scams and theft. Russian teenagers make it a game hacking into US bank accounts to transfer funds to their own accounts. South Africa is one of many nations constantly trying to rip us off with all kinds of scams.

    Truth is flaca, America is the wealthiest nation on the planet and loaning us money means we pay them huge profits in interest as all we're doing is paying the interest which is the first sign that any credit card holder is becoming a bad loan risk as at some point they must begin paying on the original loan and stop asking for credit increases.

    Plus, you mention Moodys... it's not the only one we have to worry about and it may not even matter as AAA status only means these institutions are saying it's safe to loan the US money and it's likely they may continue doing it for as long as it looks like we can pay off the interest. But like all credit card companies, they can't base their decisions solely on you having a perfect credit rating... once you start only paying the interest on what you owe, they'll start watching you like a hawk and begin demanding you start paying on the debt to prove you are financially capable and deserving of further credit increases. But at some point, no matter how good your credit is, they will cut your credit off.

    In other words, it's not Moody's and S&P; you need to worry about as they're only saying our credit is good... it's the ones actually loaning us the money like China.

    You seem almost giddy in your topic that we just went further into debt and all we can do from year to year is pay the interest on our debt... and flaca, anyone who knows the first thing about credit card debt known the credit card companies will keep increasing your credit limit loaning you more money until they see you can't pay anymore.

    If you had a child flaca who had a credit card where they had already spent themselves into over $100,000.00 in debt you knew they couldn't pay and yet the credit card company keeps raising their credit limit so your child spends themselves into greater debt... how would you feel about that when most of what they spent was wasted?

    This is basically the same thing.

    And guess what flaca, our debt just surpassed 100% of the GDP for the entire nation which hasn't happened since 1947 following WWII and wasn't expected to happen until 2016 or 2020. This means our debt is greater than all the goods and services combined in the US which is like your child being in greater debt than they are worth or could ever pay back without cutting their credit so they can't borrow more and forcing them to cut spending to the bare bones until they pay what they owe.

    So why are you so happy about this?

    Like some even on the left are now saying, we never would have defaulted... they would just be forced to cut spending more on the immediate social programs and find ways to replace that money such as cutting waste and fraud which is exactly what I've been saying for weeks.

    Funny how the mainstream media and political analysts weren't saying this before the budget deal but now they are after it passed.
    (more)
  • VoteOut 2011/08/05 01:09:57
    VoteOut
    +2
    First lets not forget who pays the ratings agencies. A big part of the problem those being bad are in power in Washington. And we never corrected nor investigated exposed and prosecuuted those that perpertrated the bankster/housing bubble/fraudulent loaning practices that caused the recession. They rewarded them with trillions of dollars gave them Obama adminstration jobs and took pay off settlements from them to end and further investigations into those practices.

    Moodys did say they were looking for closer to 4 trillion in cuts so that jury is still out. But that 4 to 5 percent correction in the market today is not looking good and Italy is about to go Greece, I guess the US will be bailing them out soon also
  • flaca BN-0 VoteOut 2011/08/05 01:24:31
    flaca BN-0
    +1
    is Italy in trouble too? lordy texas. And to think Vote Out, if you want the best bathrooms, the best kitchens, the best suits, the best shoes etc. etc. Italy is the place. But what's with that country? They are so good at producing the best of everything (yeah I forgot cars) yet they are run by the mafia. It's all so mindbending. But Obama offered 4tr in cuts, but the tea party said no. They missed a big opportunity I think. But I'm a believer in cuts when things get back on track. Right now cuts equal job losses. Why the hell can't we cut later by 2 years. We should be concentrating on getting the economy back on track before we start cutting. because cuts means layoffs.
  • VoteOut flaca BN-0 2011/08/05 01:33:38
    VoteOut
    +1
    None of the cuts are cuts Maybe if Obama had the balls to reign the FED we could have used that 16 TRILLION Dollars they gave out to Fat Cats over the past 2 years and really do something to encourage the ecconomy to grow. but I guess since this is something the tea party type people have been advocating (for years before Obama was even in office) nobody wants to listen.

    Ist funny how many on the left hate corporatism but their president has only helped to maintain and grow Too Big to Fail another pet peeve of the true tps
  • flaca BN-0 VoteOut 2011/08/05 01:38:01
    flaca BN-0
    +1
    but Vote Out Obama and his team have presented curtailments on the banksters and it has been voted down.
  • VoteOut flaca BN-0 2011/08/05 01:42:18 (edited)
    VoteOut
    +2
    what curtailments are those? he had the chance when he had congress and they wrote that Monopoly supporting Financial Reform bill that was crafted in the end by the very same entities they were trying to reign in.

    The only good thing in that bill was the FED audits (which makes me a little suspicious)
    Did you get a look at that Audit?
  • flaca BN-0 VoteOut 2011/08/05 01:43:35
    flaca BN-0
    +1
    yeah I did, but what about Warren? She was a decent gal,but the republicans cried up against her. Why?
  • VoteOut flaca BN-0 2011/08/05 01:58:57
    VoteOut
    +1
    Warren I dont know about her for the position she was suppose to watch over TARP and they still scracthing their heads on were the money went. And does she now not work for the FED like much of the treasury now that was in the Finan Ref bill.

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