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USA ON THE VERGE OF DEBT DEFAULT...*#@*&!!!!
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...
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!
Cde Monomotapa
#3 Posted : Monday, July 11, 2011 6:20:49 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I think capital flight & FDI into Africa!!
Cde Monomotapa
#4 Posted : Monday, July 11, 2011 6:23:55 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Finally an Elder!! Yipee!
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
Cde Monomotapa
#6 Posted : Monday, July 11, 2011 6:36:59 PM
Rank: Chief

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.
hisah
#7 Posted : Monday, July 11, 2011 7:07:11 PM
Rank: Chief

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!
Cde Monomotapa
#8 Posted : Monday, July 11, 2011 7:14:39 PM
Rank: Chief

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!
Cde Monomotapa
#9 Posted : Monday, July 11, 2011 7:25:35 PM
Rank: Chief

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.
hisah
#10 Posted : Monday, July 11, 2011 7:55:46 PM
Rank: Chief

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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