wazua Wed, Apr 1, 2026
Welcome Guest Search | Active Topics | Log In

4 Pages<1234>
USA ON THE VERGE OF DEBT DEFAULT...*#@*&!!!!
Options
Previous Topic · Next Topic
Cde Monomotapa
#11 Posted : Monday, July 11, 2011 8:23:05 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Hehehe & as always main-street get's the smacking. Sad
Back to top
  |
hisah
#12 Posted : Monday, July 11, 2011 8:44:57 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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!
Back to top
  | | Edit by user: Monday, July 11, 2011 8:52 PM | Reason: Not specified
Cde Monomotapa
#13 Posted : Monday, July 11, 2011 9:50:04 PM
Rank: Chief

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.
Back to top
  |
Cde Monomotapa
#14 Posted : Monday, July 11, 2011 10:12:43 PM
Rank: Chief

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!
Back to top
  |
hisah
#15 Posted : Tuesday, July 12, 2011 6:58:24 AM
Rank: Chief

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!
Back to top
  |
Cde Monomotapa
#16 Posted : Tuesday, July 12, 2011 7:09:24 AM
Rank: Chief

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!
Back to top
  |
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...
Back to top
  |
Cde Monomotapa
#18 Posted : Tuesday, July 12, 2011 10:53:32 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
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.
Back to top
  |
FUNKY
#19 Posted : Tuesday, July 12, 2011 11:32:47 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Back to top
  |
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!
Back to top
  |
4 Pages<1234>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.