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Canuck57[_9_] Canuck57[_9_] is offline
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First recorded activity by BoatBanter: Oct 2009
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Default China downgrades US debt

On 03/08/2011 8:20 PM, wf3h wrote:
On Wed, 03 Aug 2011 09:07:14 -0600,
wrote:


Not only has China reduced the US credit rating, they have reduced their
holdings of US debt. Once as high as $2.1 trillion, now only $1.15
trillion as everyone knows, USD is experiencing Bernanke currency fraud.
No one buys US treasuries any more, Bernanke prints it.

The Bernake doctrine of inflation causing unemployment:


inflation is running at about 3%. IOW canuck doesnt know what he's
talking about


First, no one believes the governments own bull**** numbers.

An interesting chart suggests gold tracks debt, debt limit and inflation....

http://www.telegraph.co.uk/finance/p...-year-end.html

If you use a government inflation calc, it does not take long to see
their numbers are pure bull****.

The very debt incurred causes the depression.

--
Seems like paying your bills with real money is no longer the accepted
behavior in USA. Perhaps that is the problem and not the the solution.