Tense US and Euro bond markets...

http://www.bloomberg.com...-s-p-won-t-rate-1-.html

Dagong to downgrade US outlook next week. Bruce Lee firekicks coming up...

http://business.financia...-another-u-s-downgrade/

The most bizarre thing is that US which is on the verge of a debt event is still rated as AAA... The ponziness of the whole system is such a circus that the masters themselves are now the actors...!

CHINA MAY BE INTERESTED IN HELPING FUND GREEK BOND BUYBACKS- GREEK FINMIN SOURCE

(RTTNews) - South Africa's merchandise trade balance turned to surplus in June, helped mainly by higher exports of precious stones and metals, data released by the South African Revenue Service showed Friday.

The trade balance for June was a surplus of ZAR 4.9 billion, compared to a deficit of ZAR 1 billion in May. In June 2010, the trade balance was a surplus of ZAR 5.6 billion.

Export of goods advanced 7.5 percent on a monthly basis to ZAR 4.2 billion during the month. Shipments of precious and semi-precious stones and metals climbed 14 percent, while dispatches of mineral products moved up by 7 percent. There was a 39 percent monthly growth in exports of vegetable products during the month.

Meanwhile, imports decreased 2.9 percent month-on-month to ZAR 55.7 billion in June. Arrivals of mineral products dropped 8 percent, while imports of machinery and electrical appliances decreased by 5 percent from the previous month.

APPLE NOW HAS MORE CASH THAN THE US FEDERAL GOVERNMENT

http://www.digitaltrends...-than-the-us-government/

Congressional leaders reach agreement to raise the debt ceiling

http://news.yahoo.com/bl...t-ceiling-015244838.html

http://blogs.aljazeera.net/liveblog/egypt - Happening in Egypt live...

Finally the US debt circus is over as house passes the debt plan. Now senate will just finalize and all will be merry again. Coming up next US debt downgrade by Dagong since their rating agencies cant bite the hand that feeds them. The ponzi circus continues....

Meanwhile Putin is still on a name calling spree. 3 weeks ago he said bernanke & co are a bunch of hooligans. Today he says the big brother nation is a global parasite...

http://www.reuters.com/a...a-idUSTRE77052R20110801

Now we move to euro land of debt circus part 2. EFSF needs to be boosted to 2.5T euros to avert issues of PIIGS going belly up & a last ditch guarantee bond buyer if the market refuses the PIIGS bonds. Italy has already suspended Aug bonds.

Since it is already a public thing that the global financial system is a ponzi casino, why cant we financial players just withdraw our participation and leave the masters stonecold. If anything, they're now part of the acting team instead of directing. 2yrs and the show is stuck with the same plot at the same scene and we the audience are not booing or throwing tomatoes at the actors on stage. We must be dead?! At least some in Europe & MENA are throwing tomatoes...

That article is just hilarious

Italy & Spain - As usual lame stream media always gets to the party when it's almost over... http://www.telegraph.co....-crisis-resurfaces.html

S&P is looking like our NSE when it topped out in Oct 2010...

http://www.wazua.co.ke/f...amp;m=196986#post196986


And as expected, Dagong downgrades US outlook after debt limit plan. Still waiting for Western rating agencies (S&P, Fitch & Moody's) sissies to say something... Interesting times this when big bro gets their game turned on them. Surely the tables tipped a long time ago...

http://news.xinhuanet.co...11-08/03/c_131025887.htm

Drunken Ben Bernanke Tells Everyone At Neighborhood Bar...

http://www.theonion.com/...e-at-neighborhoo,21059/