Maybe someone will invade looking for WMFD's weapons of mass financial destruction

Why bother to "invade"?

The depot for all WMFD's is located at 1600 Pennsylvania Avenue in Washington DC.

It's easy enough to find -- just follow George Soros's limousine.



Arjay

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"Here's why reliability is job one: A great sounding amp that breaks down goes from being a favorite piece of gear to a useless piece of crap in less time than it takes to read this sentence." -- BRUCE ZINKY

The best thing that ever happened for the reputation of Bill Clinton was George W Bush. The best thing that has happened for the reputation of George W Bush is Barack Obama.

Your president is the emptiest of the empty suits. Listening to him is like listening to a character out of a sitcom...fluffy pablum. He's the equivalent of elevator muzak.

The American economy is in crisis and the ship has a captain who has no friggin clue how to read a map.

O IMO knows what he is doing. This is how the Gov takes control of everything.

They already have years ago.

It extends down to your state and local government too. Do you guys have the big brother cameras on almost every corner where you live? They're all over Philadelphia, Baltimore and Wilmington. Think they're really for our own protection?

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Life...... It's sexually transmitted and always fatal

Not only on the corners Supro, they are on your computers too!!!

Arjay

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"Here's why reliability is job one: A great sounding amp that breaks down goes from being a favorite piece of gear to a useless piece of crap in less time than it takes to read this sentence." -- BRUCE ZINKY

Not in Pgh yet.

Are you sure? My girl lived in Pittsburgh for seven years. I was only there once for a Libertarian Convention years ago and really liked it there. The Inclines were awesome.

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Life...... It's sexually transmitted and always fatal

They were talking about putting those cameras up and it hasn,t happened yet as far as I know. But as my wife says I could be wrong.

Hi: just taking another stroll through this thread to see where y'all are at. This was eye-catching:


Lots of interesting numbers there. As far as Nevin's original post is concerned as to whether the US will lose it's Triple A credit rating, the box you need to be looking at is the one named Gross Debt to GDP Ratio, near the middle. Officially, when that goes over 100% is when you get down rated from AAA to AA. Right this second it says 98.34%.

It is supposed to be as simple as that - though I hear the American government has been talking to the credit rating agencies to see if they can bend the rules on that one. And to be fair it is hardly an exact science. Nobody really knows exactly what these numbers are for real and everyone argues about precisely what they mean and how much they matter.

I'm also not sure how seriously to take that Clock website. It has the figures for my country significantly wrong (debt to GDP is in fact about 62% for the UK at present) - but then the site doesn't even seem quite sure what my country is called!

Ah well: as it is an American website perhaps they are more accurate on your data.

Chin up, everyone. It'll turn out OK in the end.

Cheers - C

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Hahahaha - there's no such thing as a half full glass for you is there, Nevin?



Cheers - C

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Watching the BBC lastnight was comforting, the stockmarket and economy is no-where near a crash, it needs to fall another 30% for that to happen. What happened to Japan during the 90's is going to happen to the USA. Global recession is not over, we still feel the pinch in my country.

What is going to happen is USA will be heavily investing capital in developing economies such as India, China, Malaysia etc.. that have not been affected by the recession so much because the economies are moving forwards at a very fast rate.

Careless leadership, bad luck on natural disasters, War etc... are all to blame. I've allways believed in Industrialism, Agriculture, Small business & Export. These have been a backbone to every country but when you loose one of these to the east- the drain starts, an imbalance and this is what happens.
That's why when I see universities constantly churning out lawyers and accountants with massive student debts that cannot get trade work, or mortgages.. I just facepalm and shake my head. There can only be a certain amount of people practicing a trade- I have a friend who majored in tax law, and he works in retail.. go figure!! My work has enabled me to learn how to operate and run a business effectively and I am not in debt at all to any institution because of that- thank god.

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Hi Bletles: actually, I don't think that's quite right. America isn't losing any kind of east-west economic competition. In the West we're all winning that one, contrary to popular belief - though not near as successfully as Germany, for example. And that doesn't mean the East is losing, either: it's perfectly easy for economic development to be good for everyone.

The real problem that America and to a lesser but still major extent the rest of us have been going through is the time honoured one of capitalism: too much easy money looking for a home. That's how both individual sub-prime borrowers and entire nations get into these difficulties.

Two other instructive numbers to look at on Mike's Debt Clock page link (above) are Savings Per Family and Total Debt Per Family. Yikes. That is a problem that needs to be addressed, nationally and individually.

But it won't be and we'll be doing this all over again in 10 or 20 years. Ah well: it's all good clean entertainment.

Cheers - C

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I think you find that China is having it's own problems! For the past 36 months the Government has been taking on a lot of private sector debt and they are saying it could reach 14% of private loans. In turn State owned Banks have been loading money into State owned businesses in the hopes of keeping employment up. Mean while Private owned businesses are failing and State owned Banks treat them unfairly and the owners are afraid to complain.
The financing of State Run business just to keep employment high is destined for failure in the long run.

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The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.

Thomas Jefferson