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Time is Up on Economy?

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  • Time is Up on Economy?

    Two articles this AM that we've been expecting, but it's still alarming when it happens:
    German Rating Agency Feri Downgrades US Government Bonds: AAA to AA!
    Link: http://www.zerohedge.com/article/ger...t-bonds-aaa-aa
    ZeroHedge put that exclamation point on that headline.

    The other one is from China.
    China ratings house says US defaulting: report
    Link: http://ca.news.yahoo.com/china-ratin...054309883.html

    They claim we are already defaulting because we keep inflating our currency so we pay them less.

    The depth of the doodoo deepens.
    "If Howdy Doody runs against him, I'm voting for the puppet." - SkyOwl's Wife, 2012

  • #2
    Seems like things are starting to snowball. Could happen at anytime.

    I'm going to go drink some charoal water now. The guys over in "Wilderness Medicine" say it's good for an upset stomach.:(
    The 12ga.... It's not just for rabbits anymore.

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    • #3
      I didn't say charcoal was god for ya! lol I said baking soda or peppermint. lol

      I agree, from here on out, things will go downhill, gathering momentum as it goes. Anything could tip us overthe edge, but also only a MAJOR event could slow or stop it. (Jim Rogers said that on Beck last night)...more and more investors are freaking out.

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      • #4
        Brace for impact......:(.....something wicked this way comes.....
        Live like you'll die tomorrow, learn like you'll live forever.

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        • #5
          for some reason this keeps tolling thru my head when I consider the state of things.

          The Second Coming

          Turning and turning in the widening gyre
          The falcon cannot hear the falconer;
          Things fall apart; the centre cannot hold;
          Mere anarchy is loosed upon the world,
          The blood-dimmed tide is loosed, and everywhere
          The ceremony of innocence is drowned;
          The best lack all conviction, while the worst
          Are full of passionate intensity.

          Surely some revelation is at hand;
          Surely the Second Coming is at hand.
          The Second Coming! Hardly are those words out
          When a vast image out of Spiritus Mundi
          Troubles my sight; somewhere in sands of the desert
          A shape with lion body and the head of a man,
          A gaze blank and pitiless as the sun,
          Is moving its slow thighs, while all about it
          Reel shadows of indignant desert birds.
          The darkness drops again; but now I know
          That twenty centuries of stony sleep
          Were vexed to nightmare by a rocking cradle,
          And what rough beast, its hour come round at last,
          Slouches towards Bethlehem to be born?
          Last edited by TennOutdoors; 06-10-2011, 11:38 PM. Reason: clarification

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          • #6
            Originally posted by TennOutdoors View Post
            for some reason this keeps tolling thru my head when I consider the state of things.

            The Second Coming

            Turning and turning in the widening gyre
            The falcon cannot hear the falconer;
            Things fall apart; the centre cannot hold;
            Mere anarchy is loosed upon the world,
            The blood-dimmed tide is loosed, and everywhere
            The ceremony of innocence is drowned;
            The best lack all conviction, while the worst
            Are full of passionate intensity.
            Yeats's first stanza gives me chills.
            Turning and turning in the widening gyre
            The falcon cannot hear the falconer;
            As the American circle gets larger, those who used to be obedient are no longer.
            Things fall apart; the centre cannot hold;
            Mere anarchy is loosed upon the world,

            When we (the center of the world - that's not hubris) stumble and fall, the greatest force for good that ever existed outside of The Man from Bethlehem, anarchy will reign for many, many years.
            The blood-dimmed tide is loosed, and everywhere
            The ceremony of innocence is drowned;

            Is this not already true?How many brides are innocent? Which of our children are allowed their innocence?
            The best lack all conviction, while the worst
            Are full of passionate intensity.

            Is this not our two major political parties? The relative good ones don't stick to their guns out of fear of being called narrow-minded or old-fashioned, while those who have no morals cry loudly about their religion of statism which would enslave all?
            "If Howdy Doody runs against him, I'm voting for the puppet." - SkyOwl's Wife, 2012

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