Forums > General Discussion   Shooting the breeze...

USA set to loose their AAA credit rating.

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Created by felixdcat > 9 months ago, 15 Jul 2011
felixdcat
WA, 3519 posts
15 Jul 2011 10:22AM
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What does it mean to us? Good or bad news?

adolf
1862 posts
15 Jul 2011 10:39AM
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felixdcat said...

What does it mean to us? Good or bad news?


You would have heard the saying:

When America sneezes, Australia catches a cold?

America has got pneumonia

Mark _australia
WA, 22423 posts
15 Jul 2011 10:42AM
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It means something is very bloody wrong with the credit rating system as they should have lost it long ago

Sailhack
VIC, 5000 posts
15 Jul 2011 12:45PM
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Mark _australia said...

It mans something is very bloody wrong with the credit rating system as they should have lost it long ago




You're right there, but who would want to make that decision as it will affect the world's economy?

Mobydisc
NSW, 9029 posts
15 Jul 2011 1:25PM
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Mark _australia said...

It mans something is very bloody wrong with the credit rating system as they should have lost it long ago




Totally agree. Personally I believe credit rating agencies have no credibility. They failed to spot the problems with the mortgage based securities, giving triple A ratings to worthless piles of poo. Its arguable the credit rating for US treasury bonds should have been reduced quite a long time ago. Political pressure keeps this from happening.

If the US federal government loses its triple A rating what it effectively means is US treasury bonds have a higher risk of not being paid out when they mature so the interest rate must be higher.

SandS
VIC, 5904 posts
15 Jul 2011 7:20PM
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it means ..... oh shiiiiiiiiiiiiiite look out

GalahOnTheBay
NSW, 4188 posts
15 Jul 2011 8:38PM
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Some bed time reading, who does the US government owe money to, how much do they owe, and what does all this talk about the "debt limit" mean...

en.wikipedia.org/wiki/Government_bond

www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

www.treasury.gov/initiatives/Documents/Debt%20Limit%20Myth%20v%20Fact%20FINAL.pdf

adolf
1862 posts
15 Jul 2011 6:46PM
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This site is great - it's actually very detailed if you've got the time.

www.usdebtclock.org/

I think things are going to get worse in Australia before they get better. The last recession we had was in the 90's and I guess there's not much anyone can do about it when we have another one.

The way I look at it is: lucky for some - not for others.

Macroscien
QLD, 6806 posts
15 Jul 2011 9:01PM
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Naaah ! That can not be that wrong

As long as SUPERMAN is on the watch.



He can always pull them out of the sh**t they are in.

SomeOtherGuy
NSW, 807 posts
15 Jul 2011 10:18PM
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Macroscien said...

Naaah ! That can not be that wrong

As long as SUPERMAN is on the watch.



He can always pull them out of the sh**t they are in.



TSK!

Put your glasses back on man. You're eyesight is worse than his!

Don't you recognise SPIDERMAN when you see him?

Macroscien
QLD, 6806 posts
15 Jul 2011 11:10PM
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SomeOtherGuy said...

Macroscien said...

Naaah ! That can not be that wrong

As long as SUPERMAN is on the watch.



He can always pull them out of the sh**t they are in.



TSK!

Put your glasses back on man. You're eyesight is worse than his!

Don't you recognise SPIDERMAN when you see him?


Naaah, I am sure mate, thats SUPERMAN ... can you see the stash of cash he's got in the hand
he can buy US off any trouble

GalahOnTheBay
NSW, 4188 posts
15 Jul 2011 11:26PM
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^^^ I want to know what did did to earn those beads.

Oh never mind...

Elroy Jetson
WA, 706 posts
15 Jul 2011 10:38PM
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That's Dr Phil's Dad


Big eeeZeee
NSW, 1100 posts
16 Jul 2011 1:42AM
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Their credit rating doesn't mean ****.They'll give anyone AAA if it means more money in their pockets

kiteboy dave
QLD, 6525 posts
16 Jul 2011 12:04PM
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ockanui
VIC, 1301 posts
16 Jul 2011 3:03PM
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that USA debt clock is pretty amazing, interesting going back in time to see the debt when George W was in power and see the escalation over the following years as USA did its war on terror and fannie may and freddie what's his name and all the greedy buggers, I feel slightly nervous about how our supposed economists are forecasting the economy and reserve bank rate rises when in the paper this morning now its potential rate cuts, do they really know ****e from sawdust these people in power I get the feeling they don't and its just one big eff'n gamble

japie
NSW, 6937 posts
16 Jul 2011 3:14PM
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This video is quite interesting. You only need to watch the first 3 minutes to appreciate that the removal of the gold standard was part of the plan.

wodgina6722
WA, 229 posts
16 Jul 2011 1:53PM
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ockanui said...

that USA debt clock is pretty amazing, interesting going back in time to see the debt when George W was in power and see the escalation over the following years as USA did its war on terror and fannie may and freddie what's his name and all the greedy buggers, I feel slightly nervous about how our supposed economists are forecasting the economy and reserve bank rate rises when in the paper this morning now its potential rate cuts, do they really know ****e from sawdust these people in power I get the feeling they don't and its just one big eff'n gamble


In my job I make it up as I go along.

Macroscien
QLD, 6806 posts
16 Jul 2011 4:53PM
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japie said...

This video is quite interesting. You only need to watch the first 3 minutes to appreciate that the removal of the gold standard was part of the plan.




Very interesting indeed. The moral from this story is that author should have purchase 5436 cartons of brown eggs fifty years ago instead of villa, IBM stock and paper tender notes. Stash all your eggs under the matters and see your investment growing over the years.



Idea worth propagating The only legal tender from now on 1 EGG.



1 beer cost - 2 eggs
1 windsurfing board - 20 ostrich eggs plus 3 standard hen eggs
car 1000 brown eggs cartons
Discount price: Buy two Kebap Burgess and have 36 eggs free ( fly lay eggs too)

The best there are no penyless and poors any more !!!!

still wonder what you can buy for your two eggs only

there also all new world meaning of words: investment crash, smelly deal, yellow rules the world ...

some complications on Forex markets are unavoidable: Our Australia Egg (ostrich) is from parity with us Eagle Egg but still comparable in nowadays exchange rate with yen Swallows Egg.
We are lucky that Kiwi have only mini version this days and their gigantic Moa is all dead. You don't need richest nation competing across the ditch.



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Forums > General Discussion   Shooting the breeze...


"USA set to loose their AAA credit rating." started by felixdcat