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USA ON THE VERGE OF DEBT DEFAULT...*#@*&!!!!
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Kaigangio
#1 Posted : Monday, July 11, 2011 4:56:13 PM
Rank: Elder


Joined: 2/27/2007
Posts: 2,768
hi all,

it seems that the early warnings of an irresponsible expenditure by the feds were not heeded...eventually the IMF has sounded an alarm and is now worried about not the us debt default but the repercussions...

whatever else that the IMF has seen points to the same direction...an eminent collapse of us economic empire...

see the link below:

http://www.ft.com/cms/s/...bdc0.html#axzz1RnpzN6FM

what do you think?
...besides, the presence of a safe alone does not signify that there is money inside...
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hisah
#2 Posted : Monday, July 11, 2011 6:00:55 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Minnesota state government was shutdown on July 1st 2011. Now entering 2nd week and no resolution...

Interesting dicey times and opportunities to make loads of cash if you know how to play sovereign defaults markets aka CDS...

The situation in eurozone today is also so dicey that the Italian securities regulator Consob has banned short selling of some very "interesting" italian bank shares. But there is loophole which is via something called Quanto trade... It is possible to beat the banksters at their own game, just befriend them smile

http://www.washingtonpos...11/gIQAmKpl8H_story.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#3 Posted : Monday, July 11, 2011 6:20:49 PM
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Joined: 1/13/2011
Posts: 5,964
I think capital flight & FDI into Africa!!
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Cde Monomotapa
#4 Posted : Monday, July 11, 2011 6:23:55 PM
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Joined: 1/13/2011
Posts: 5,964
Finally an Elder!! Yipee!
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Tommy
#5 Posted : Monday, July 11, 2011 6:36:50 PM
Rank: Veteran


Joined: 12/9/2010
Posts: 894
Location: Nairobi
Cde Monomotapa wrote:
Finally an Elder!! Yipee!

congrats, this is an interesting situation and an opportunity to make some money. obviously cash is the king
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Cde Monomotapa
#6 Posted : Monday, July 11, 2011 6:36:59 PM
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Joined: 1/13/2011
Posts: 5,964
Look @ how Moody's is so soft on the U.S govt. & banks Laughing out loudly talk about don't bite the hand that feeds u.
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hisah
#7 Posted : Monday, July 11, 2011 7:07:11 PM
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Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Look @ how Moody's is so soft on the U.S govt. & banks Laughing out loudly talk about don't bite the hand that feeds u.


Since those US rating agencies have messed with the Ching's euro buyout expect Dagong to rate the US debt as junk anytime from now...

Dagong started here --> http://www.bloomberg.com...easing-xinhua-says.html

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#8 Posted : Monday, July 11, 2011 7:14:39 PM
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Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
I think capital flight & FDI into Africa!!

Especially into a net-importer country like Kenya coz those over-priced commodities ought to come-off bigtime!! Afrika Oyee!
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Cde Monomotapa
#9 Posted : Monday, July 11, 2011 7:25:35 PM
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Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Look @ how Moody's is so soft on the U.S govt. & banks Laughing out loudly talk about don't bite the hand that feeds u.


Since those US rating agencies have messed with the Ching's euro buyout expect Dagong to rate the US debt as junk anytime from now...

Dagong started here --> http://www.bloomberg.com...easing-xinhua-says.html


NICE!! A dose of their own medicine! I believe the sooner they accept their problems and embark on fundamental solutions the better for us all. Bite the bullet, slip off the charts in favor of BRIC and re-emerge 20years from today instead of postoning yet spawning the problems further.
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hisah
#10 Posted : Monday, July 11, 2011 7:55:46 PM
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Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
hisah wrote:
Cde Monomotapa wrote:
Look @ how Moody's is so soft on the U.S govt. & banks Laughing out loudly talk about don't bite the hand that feeds u.


Since those US rating agencies have messed with the Ching's euro buyout expect Dagong to rate the US debt as junk anytime from now...

Dagong started here --> http://www.bloomberg.com...easing-xinhua-says.html


NICE!! A dose of their own medicine! I believe the sooner they accept their problems and embark on fundamental solutions the better for us all. Bite the bullet, slip off the charts in favor of BRIC and re-emerge 20years from today instead of postoning yet spawning the problems further.

The political correct word for central planners is not postponing, but extend and pretend aka kicking the can down the street...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#11 Posted : Monday, July 11, 2011 8:23:05 PM
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Joined: 1/13/2011
Posts: 5,964
Hehehe & as always main-street get's the smacking. Sad
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hisah
#12 Posted : Monday, July 11, 2011 8:44:57 PM
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Joined: 8/4/2010
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More cartoon world news that is the banking world of today. Even Europeans don't like Moodys just like the Chings...

Reuters wrote:

Peter De Proft, director general of the European Fund and Asset Management Association (EFAMA), told Reuters many investment firms already do their own credit analysis. "It will be more difficult for the smaller ones," De Proft said.

Moody's angered the EU this month by downgrading Portuguese debt despite the country securing an EU bailout.

Barnier said the "absolute minimum" must be to improve transparency in how agencies reach such decisions.

"That is why we should ask ourselves ... whether it is appropriate to allow sovereign ratings on countries which are subject to an internationally agreed programme," Barnier said.

Such a ban will be discussed by EU finance ministers shortly, he added.

"I just think they are being shot as the bringer of bad news during the sovereign debt crisis. I am not entirely convinced the system is broken," Bowles told the ESMA meeting.


http://www.reuters.com/a...s-idUSLDE76A0FX20110711 --> EU Prepares Law To End Influence Of Rating Agencies, Tells Banks To Police Themselves. Seems like they've never heard the saying "Mganga hajigangi or is it "Kinyozi hajinyoi..."

So in short the central planners in Europe are saying that the sovereign debt threats are because of rating agencies creating a 'horror' picture... Loonie world idiots..!?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#13 Posted : Monday, July 11, 2011 9:50:04 PM
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Joined: 1/13/2011
Posts: 5,964
Hahaha...what an interesting depature. Europe separates from the U.S in ideology? But this is a +ve devt.as steadily joint approaches are going out of fashion as everyone starts to look inward to solve problems. In this situation, the U.S is the worst off when left alone.
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Cde Monomotapa
#14 Posted : Monday, July 11, 2011 10:12:43 PM
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Joined: 1/13/2011
Posts: 5,964
Nevertheless, we in Afrika should pay keen attention and hybrid this capitalistic system that we inherited from the West & avoid these kinda problems in future!
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hisah
#15 Posted : Tuesday, July 12, 2011 6:58:24 AM
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Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Nevertheless, we in Afrika should pay keen attention and hybrid this capitalistic system that we inherited from the West & avoid these kinda problems in future!

Too fraudulent to make a hybrid out of it. Just let it fall into pieces, pick only the good stuff and start afresh.
The only way out of the global debt boom is debt forgiveness. Back to village economics which will see cities get deserted for a while...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#16 Posted : Tuesday, July 12, 2011 7:09:24 AM
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Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Nevertheless, we in Afrika should pay keen attention and hybrid this capitalistic system that we inherited from the West & avoid these kinda problems in future!

Too fraudulent to make a hybrid out of it. Just let it fall into pieces, pick only the good stuff and start afresh.
The only way out of the global debt boom is debt forgiveness. Back to village economics which will see cities get deserted for a while...

Laughing out loudly Agrarian all over again!
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Kaigangio
#17 Posted : Tuesday, July 12, 2011 9:18:13 AM
Rank: Elder


Joined: 2/27/2007
Posts: 2,768
hisah wrote:
Cde Monomotapa wrote:
Nevertheless, we in Afrika should pay keen attention and hybrid this capitalistic system that we inherited from the West & avoid these kinda problems in future!

Too fraudulent to make a hybrid out of it. Just let it fall into pieces, pick only the good stuff and start afresh.
The only way out of the global debt boom is debt forgiveness. Back to village economics which will see cities get deserted for a while...


are you @ hisah seing this happening???not when about 50% of the total us debt originates from china and japan who are vicious competitors who would celebrate the collapse of us...the only escape route for us is to start a world war!!
...besides, the presence of a safe alone does not signify that there is money inside...
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Cde Monomotapa
#18 Posted : Tuesday, July 12, 2011 10:53:32 AM
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Joined: 1/13/2011
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Kaigangio wrote:

...the only escape route for us is to start a world war!!

I have a buddy who believes the same. I myself very sure that in the event of a WW3 America will have little to no allies. It would be like our post-election where a convinient excuse was availed to vent-out pent up vendettas.
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FUNKY
#19 Posted : Tuesday, July 12, 2011 11:32:47 AM
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mjuaji wa stocks
#20 Posted : Tuesday, July 12, 2011 11:46:34 AM
Rank: Member


Joined: 1/16/2010
Posts: 672
Location: nairobi
OOH SORRY GUYS;

THE WORLD ECONOMIC COLLAPSE WAS PLANNED LONG TIME AGO.


CALL ME A CONSPIRACY THEORIST - IT IS OK!

IF IT IS NOT A CONSPIRACY; TELL ME WHAT IT IS ALL ABOUT!

OR YOU WANT TO SENT THE GUYS AT THE FED IN U.S.A ARE POR ECONOMISTS THAN ANYONE ELSE??

GIVE ME A BREAK!

IT IS ALL A CONSPIRACY FOR WEALTH TRANSFER TO AFEW ELITES IN THE UPPER ECHELON OF THE NWO.

WAIT AND SEE!!

IT WAS GREECE; THEN IT IS NOW ITALY; FOLOWING IS THE US AND GUYS THINK THAT ALL IS WELL AND WILL REMAIN AT IT IS??


POOR THINKING THOUGH!

God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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