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Old 08-05-2011, 08:27 PM
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United States loses AAA credit rating from S&P - Yahoo! News


More to follow. Much more.
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Old 08-06-2011, 07:22 AM
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Default This is all I could come up with at this time

The best laid plans of mice and men.


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Old 08-06-2011, 08:05 AM
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NEW YORK/SHANGHAI (Reuters) - China bluntly criticized the United States on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over.
If we can't borrow it, we'll print it, and return to the "good old days" of robust inflation.
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Old 08-06-2011, 08:11 AM
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Gentlemen, I think it is clear to all of us that the only rational response is to invade and hold Canada. Summon the staff and prepare the plan.
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Old 08-06-2011, 08:17 AM
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Originally Posted by jungle
Gentlemen, I think it is clear to all of us that the only rational response is to invade and hold Canada. Summon the staff and prepare the plan.
I nominate Tully Bascom to lead our troops!
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Old 08-06-2011, 08:22 AM
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Perhaps it would be better to just surrender to Canada?
-------------------------------------------------------------------------------------
This makes a lot of sense:http://www.youtube.com/watch?v=Or9C-gt4TpA




Author: planktonrules from Bradenton, Florida


This is one of the strangest movies of the 1950s--starting BEFORE the opening credits and lasting until the final seconds! Just plain weird! It seems the insignificantly small Duchey of Grand Fenwick is in crisis--the nation is nearly bankrupt and there appears to be no way out of their financial dilemma. Untimately they hit upon a plan--they will declare war against the United States and quickly surrender. Then, based on how the US treated its defeated foes after WW2, the US is sure to pour mountains of financial aid into Grand Fenwick! The first problem is they don't have an army. What they do have are some old medieval suits of armor and some bows and arrows, so with these they set off for America! What happens next, you'll just have to see to believe!

This movie is very interesting because Peter Sellars appears in the movie in many different roles (apparently the gene pool in Grand Fenwick is rather limited)--ranging from the hero of the story, Tully Bascombe to the conniving prime minister to even the queen! It reminds me very much of the Alec Guinness film KIND HEARTS AND CORONETS, in which Guinness played multiple roles.

Last edited by jungle; 08-06-2011 at 01:26 PM.
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Old 08-06-2011, 08:42 AM
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Originally Posted by tomgoodman
I nominate Tully Bascom to lead our troops!
ROFL !I second that .
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Old 08-06-2011, 08:57 AM
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Default Debt Collection

‪No country for old men - Chigurgh vs Wells & phone call‬‏ - YouTube
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Old 08-06-2011, 04:35 PM
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Monday schould be very interesting when the market opens



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Old 08-06-2011, 05:41 PM
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Who knows what is going to happen Monday, but it won't be good. It will probably start slowly and the full effect will take time, the EU has got quite a large mess on their hands too. Much of their debt is held by US banks so that will likely be the immediate driver.

The rating agencies have a terrible record of predicting anything and they are always a day(or years) late in calling the obvious. This should have happened a long time ago. This is going to take 10-20 years to set right even if we have the correct reaction, which is unlikely.

Further downgrades are also possible within the year.

Let the good times roll.
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