S & P To Be

[eulesseagle]

http://www.channelnewsasia.com/stories/afp_world_business/view/1123619/1/.html

http://www.washingtonpost.com/politics/senators-chinese-junket-is-shrouded-in-secrecy/2011/04/19/AFhndp7D_story.html

The U.S. S & P rating will be dropped from its AAA rating. The first article sums everything up that is easily understood. Coupled with the second article stating that China has summoned the American government for "secret" talks! Sounds as though our government is getting ready to go the to "woodshed" for a much unpleasant experience.

No wonder....the Chinese have been telling our government for the past two years to cut its debt for obvious reasons but our elected officials have ignored the warnings. It is not just one party to blame but both. A couple of weeks ago Nancy Peloci stated that there is "no" difference between the Democrats and Republicans but the one thing that both fear is the Tea Party.

What else is happening:

*****Approaching the highest gas prices ever.

*****Food prices have escalated approximately 35-40% over the last 18 months.

*****Gold at its highest.

*****Silver at its highest.

*****Copper at its highest.

*****Approximately 45-48% of Americans DO NOT pay income tax.

*****Republicans only got approximately 380 million in defiet cuts a couple of weeks ago instead of billions.

The US can not pay its interest debt now....wait when our credit rating drops and we get the higher interests, additonal taxes, and above all a much much lower standard of living and more people falling through the cracks to unemployment and welfare.

My question is what has the United States already bartered and is willing to barter to relieve some of this debt to the Chinese?

[Censored by Laurie]

http://www.channelnewsasia.com/stories/afp_world_business/view/1123619/1/.html

http://www.washingtonpost.com/politics/senators-chinese-junket-is-shrouded-in-secrecy/2011/04/19/AFhndp7D_story.html

The U.S. S & P rating will be dropped from its AAA rating. The first article sums everything up that is easily understood. Coupled with the second article stating that China has summoned the American government for "secret" talks! Sounds as though our government is getting ready to go the to "woodshed" for a much unpleasant experience.

No wonder....the Chinese have been telling our government for the past two years to cut its debt for obvious reasons but our elected officials have ignored the warnings. It is not just one party to blame but both. A couple of weeks ago Nancy Peloci stated that there is "no" difference between the Democrats and Republicans but the one thing that both fear is the Tea Party.

What else is happening:

*****Approaching the highest gas prices ever.

*****Food prices have escalated approximately 35-40% over the last 18 months.

*****Gold at its highest.

*****Silver at its highest.

*****Copper at its highest.

*****Approximately 45-48% of Americans DO NOT pay income tax.

*****Republicans only got approximately 380 million in defiet cuts a couple of weeks ago instead of billions.

The US can not pay its interest debt now....wait when our credit rating drops and we get the higher interests, additonal taxes, and above all a much much lower standard of living and more people falling through the cracks to unemployment and welfare.

My question is what has the United States already bartered and is willing to barter to relieve some of this debt to the Chinese?

Rub some green on it?

[Green P1]

*****Copper at its highest.

Not scrap.

[MeanGreenTexan]

http://www.channelnewsasia.com/stories/afp_world_business/view/1123619/1/.html

http://www.washingtonpost.com/politics/senators-chinese-junket-is-shrouded-in-secrecy/2011/04/19/AFhndp7D_story.html

The U.S. S & P rating will be dropped from its AAA rating. The first article sums everything up that is easily understood. Coupled with the second article stating that China has summoned the American government for "secret" talks! Sounds as though our government is getting ready to go the to "woodshed" for a much unpleasant experience.

No wonder....the Chinese have been telling our government for the past two years to cut its debt for obvious reasons but our elected officials have ignored the warnings. It is not just one party to blame but both. A couple of weeks ago Nancy Peloci stated that there is "no" difference between the Democrats and Republicans but the one thing that both fear is the Tea Party.

What else is happening:

*****Approaching the highest gas prices ever.

*****Food prices have escalated approximately 35-40% over the last 18 months.

*****Gold at its highest.

*****Silver at its highest.

*****Copper at its highest.

*****Approximately 45-48% of Americans DO NOT pay income tax.

*****Republicans only got approximately 380 million in defiet cuts a couple of weeks ago instead of billions.

The US can not pay its interest debt now....wait when our credit rating drops and we get the higher interests, additonal taxes, and above all a much much lower standard of living and more people falling through the cracks to unemployment and welfare.

My question is what has the United States already bartered and is willing to barter to relieve some of this debt to the Chinese?

Send CheckFacts or a representative from the Denia Homeowners association to argue on our behalf?

[Quoner]

Send CheckFacts or a representative from the Denia Homeowners association to argue on our behalf?

Brad Watson could get to the bottom of this.

[TheTastyGreek]

The problem with all this Chinese indebtedness is that after an hour or two, we're hungry to sell them more bonds again.

It's a destructive cycle.

[Guest JohnDenver]

China had a trade DEFICIT in the first quarter of this year. ZOMG!@elevn.

The magnets must be reversing already.

But, to reallign them slightly, the 'AAA' rating was not removed.

[TheTastyGreek]

China had a trade DEFICIT in the first quarter of this year. ZOMG!@elevn.

The magnets must be reversing already.

Depends on what forum you're reading.

[GrayEagle]

There is no way to have a serious conversation on this board. We are simply too cutesy and clever.

Look, regardless of the forum where you find it your own intelligence should tell you that when you spend far beyond your means that you are eventually going to have to pay the piper. We can't keep printing more money to cover our debt. When half of the taxpayers are supporting the other half as well as themselves the house of cards has to eventually collapse. That's not spin.

The Tea Party has the answer...live within your means. There must be some painful and serious cuts soon to get through this crisis. I hope that we have the cajones and good sense to bite the bullet.

[eulesseagle]

Two interesting articles out of China:

China and other countries that hold about 50% of all US Tres securities......dump them...push up interest rates & swell the national debt.

http://usa.chinadaily.com.cn/us/2011-04/24/content_12383189.htm

China dumping debt:

http://news.xinhuanet.com/english2010/china/2011-04/23/c_13842843.htm

Two really interesting reads.....

It is too bad that one must read foreign papers to find out what is happening in the US.

[Censored by Laurie]

There is no way to have a serious conversation on this board. We are simply too cutesy and clever.

I wouldn't say all of us...

[HoustonEagle]

Two interesting articles out of China:

China and other countries that hold about 50% of all US Tres securities......dump them...push up interest rates & swell the national debt.

http://usa.chinadaily.com.cn/us/2011-04/24/content_12383189.htm

China dumping debt:

http://news.xinhuanet.com/english2010/china/2011-04/23/c_13842843.htm

Two really interesting reads.....

It is too bad that one must read foreign papers to find out what is happening in the US.

Or just go to the drudge report and read improperly titled articles that are actually, if read through, just conjecture.

There are plenty of good US publications that have reported heavily on the US debt problems.

Edited April 25, 2011 by HoustonEagle

[UNT90]

I wouldn't say all of us...

A rare moment of introspection?