Others   

Aug 2, US-living on borrow time from debt disaster

KNNBCCB 

GOP now playing with big big big Washington fire and dont want to agree to any debt deals

http://atr.org/atr-support-specific-debt-limit-contingency-a6334

GOP know they cannot win the United States presidential election of 2012 and they dont have interest with maintaining the status quo with the mass poor people ...... so protecting their own wealth is the main agenda......

contrary to popular belief that the GOP will also suffer economical losses in an event of a default, they are not at all worry because most of their asset are backed by gold ...... KNN ........

Mitch McConnell only care about the debt crisis because his head is on the board , Fort Knox anyone remember? ... which is why he is stalling or proposing a delay in the deal ...... he will be the first to get it if US need the gold to back up their debt.....

nonetheless..... its more entertainment on the TV and Internet for me .......and i am a happy man

Cheer

 

well, can't discount the facts that anything can happen. must be alert and flexible always.

 

 

Whether bull or bear, everyone is looking at B(Barack)& B(Ben) company....if B& B not doing well in the next 3 weeks....the world markets are going " there" ..."   Nobody wants to go there, because nobody knows what's going to happen there....."

Quote" ...    THE testy negotiations over raising the US debt ceiling hit a new low - prompting the normally cool President  Barack Obama  to storm out of a meeting with Republican Congressional leaders......" Yahoo finance"   Ben  Bernanke  said in a second day of testimony that the US central  bank would be ready to inject more money should the economy get worse. He said  the time had not come yet, undercutting  comments from a day earlier that spurred a late-day rally.

 

 

 

Hahaha... 

    Bulls will be staunch...

            Bears will also be staunch...

                      But the market beast is staunchest.

                              Thus, there's really no point in being staunch...

 

NONSENSE!

timqoo      ( Date: 14-Jul-2011 22:13) Posted: China? the next card? Moody's warns over China bad debt   tanglinboy      ( Date: 14-Jul-2011 21:23) Posted: US is in deep shit. Greece is in deep shit. Italy is in deep shit. Who's next??

 

And many many wool~~~~~

hahaha...think he better play himself lah..... act angry scare people also no use

now use entire US poor people to save backside

maybe finally will leave notes that say

" I have done my best , God Save America "

then jump off top the aisle of White House 

there goes my soap opera

Cheer

 

Poor Babama...

Play front door die, play backdoor also die, dont play die even worse...

Will he become the next babablacksheep???

 

China? the next card?

Moody's warns over China bad debt

 

tanglinboy      ( Date: 14-Jul-2011 21:23) Posted: US is in deep shit. Greece is in deep shit. Italy is in deep shit. Who's next??

 

" enough is enough,"

President Barack Obama and congressional leaders are entering a perilous endgame in their debt limit standoff. The president, declaring, is demanding that budget negotiators find common ground by week's end.

http://sg.news.yahoo.com/gop-leaders-nation-cant-afford-default-202321479.html

WASHINGTON (AP) — Hope dimming for a broad debt-limit deal, Congress and the White House scrambled Wednesday to salvage deficit-reduction talks while top congressional Republicans said the nation cannot afford to default on its obligations — for economic reasons and their party's own good.

Ahead of a fourth negotiating session at the White House in as many days, Senate Republican leader Mitch McConnell defended his proposal to give President Barack Obama new powers to increase the nation's borrowing limit without GOP support.

" I refuse to help Obama get re-elected by marching Republicans into a position where we have co-ownership of a bad economy," McConnell said on a radio talk show, contending that letting the nation go into financial default would give Obama reason to blame Republicans for the negative fallout.

House Speaker John Boehner added his own warning against default, even as he expressed frustration with the White House over its role in negotiations to trim long-term federal deficits.

" Nobody wants to go there, because nobody knows what's going to happen," he said of a potential financial default. " It's a crapshoot."

teeth53 thot: President Obama of democrat,  may not has a smooth sailing job ahead  till end July.

 

http://money.cnn.com/2011/07/13/news/economy/debt_ceiling_moodys/index.htm?iid=Popular

Debt ceiling: Moody's applying pressure, puts U.S. on notice.

Pressure on lawmakers to raise the debt ceiling was ratcheted up Wednesday when a major rating agency said it would put the sterling bond rating of the United States on review for possible downgrade.

" Moody's assessment is a timely reminder of the need for Congress to move quickly to avoid defaulting on the country's obligations and agree upon a substantial deficit reduction package," Treasury official Jeffrey A. Goldstein said in a statement.

http://www.cncworld.tv/news/v_show/16252_Geithner_brushes_off_talk_of_resignation.shtml

CNN reported Thursday that U.S. Treasury Secretary Tim Geithner said he is thinking of stepping down after debt talks. But in the same day, Geithner said he is keeping his post for the foreseeable future, and he wants to continue helping President Obama solve the country's economic woes.

teeth53 thot: President Obama of democrat,  may not has a smooth sailing job ahead  till end July.

 

 

US is in deep shit.

Greece is in deep shit.

Italy is in deep shit.

Who's next??

 

ok... this news is something i do not normally do and something i loathe doing ......

but since there is indeed a possibility of an event so i will break faith and be an idiot...... hahaha

now there is a pretty fair bet that Mr Babama may not last his terms after yesterday session with the GOP

President Babama abruptly walks out of talks....

http://www.foxnews.com/politics/2011/07/14/obama-debt-enough-is-enough/


this is the pictures that GOP have painted  him over the course of the day.....

now the scenario is beginning to resemble the days before the  JFK......

best case scenario is that Mr Babama will be incapacitated to the point of zero function and his deputy will take over from then

and the best thing is his deputy is Mr Bi Dan who is a Democrat that work closely with GOP .....

Wah lao ...... like that i dont think my soap opera can last until the end of the year .......

Curse myself to be wrong ......KNNBCCB

Cheer

 

CCB ... wrong link ... pls ignore that one ....

http://www.youtube.com/watch?v=ZKczs-7BFRI

wah lao fail.... copy n paste can also go wrong

Cheer

MasterNg9999      ( Date: 13-Jul-2011 00:56) Posted: Wah lao ... the red word scare the sht out of me ... lolx..... just when i thought things are not gona get any worse .... this came along...... i thought Hong Kong fake gold scam was bad enough... but that pale in comparison with this...... Gold plated tungsten bars...... http://www.youtube.com/watch?v=c1bs__psyEc ZOMG!!!!!!! Wah lao win liao lor ...... now advice is to buy new gold coin.... not old one ......KNNBCCB Cheer

 

Wah lao ... the red word scare the sht out of me ... lolx.....

just when i thought things are not gona get any worse .... this came along......

i thought Hong Kong fake gold scam was bad enough... but that pale in comparison with this......

Gold plated tungsten bars......

http://www.youtube.com/watch?v=c1bs__psyEc

ZOMG!!!!!!!

Wah lao win liao lor ...... now advice is to buy new gold coin.... not old one ......KNNBCCB

Cheer

 

Huat Ahhh!!!!!

8888888888888

World Peace...

 

lolx.. more bad news from US again and again.... make me wonder if this is some kind of conspiracy to frighten people..

Drought in 14 states means disaster for many

Desperate ranchers likely to cull cattle herds — which could raise meat prices

http://www.msnbc.msn.com/id/43718212/ns/us_news-the_new_york_times/

Economy faces a jolt as benefit checks run out

As programs are trimmed, reduced consumer spending could slow recovery

http://www.msnbc.msn.com/id/43707491/ns/business-us_business/

Presidential candidates warn about compromise in debt deal

As GOP leaders negotiate over federal debt limit, candidates are campaigning against an outcome that involves compromise

http://www.msnbc.msn.com/id/43698027/ns/politics-the_new_york_times/

P.S.me think Michele Bachmann is a distraction and a mad woman.....

  hahaha..... more entertainments to come ......

Cheer

 

hahaha Member andreytan

like  that mean no more value in money liao lor..... like lao sai = eat many days then lao in one session ...... hahahaha

case of deflation not so simple becos powerful interest group need to buy up the gold and silver first....... kekekeke

now US preparing liao .... CCB ...
 

The State of Utah was the first to recognize gold and silver coins as legal tender the legislation passed in May of this year. Since then, 12 other States have recognized the hard currency, including South Carolina.

  now off to stock up real gold hahahahah

Cheer

 

Obama is like forcing the loan shark to lend him money. If not, he will pour paint and distrub them everyday!

Want to LEND or NOT!!!

Is this borrowing or Robbing?

Will loan shark surrender and said just  rob what U want la, always take and never return :(

teeth53      ( Date: 11-Jul-2011 22:22) Posted: What next?. Keeping in mind Aug 2, as.... President Barack Obama is challenging Republican lawmakers to present a debt plan - details,  for a smaller-scale deficit reduction program as he attempts to steer them toward his $4 trillion goal, a Democratic aide said. Obama plans to hold a press conference at 11 a.m. in Washington today, his fifth public remarks on the debt in a week, as he presses lawmakers to reach an agreement to raise the $14.3 trillion U.S. borrowing ceiling before an Aug. 2 deadline. The president and bipartisan congressional negotiators agreed to meet every day until they reach a deal, said one legislative aide on condition of anonymity.

 

" The European Commission said Friday Greece’s debt burden is set to rise to a staggering 166.1 per cent of gross domestic product (GDP) next year, amid strong market speculation that the country will be forced to restructure its debt repayments."

The forecast, from the European Union’s Spring Economic Forecast, represented a nearly 20 percentage point rise from 2010, when the public-debt-to-GDP ratio in Greece stood at 142.8 per cent.

teeth53      ( Date: 04-Jul-2011 20:33) Posted: http://sg.news.yahoo.com/p-warns-bank-plan-cause-greek-default-091623100.html Monday: A leading credit ratings agency warned. Greece would be considered to be in default if banks rolled over their holdings in the country's debt as proposed French. S& P said in a statement that two proposals by an association of French banks " would likely amount to a default" under its criteria because both options offer " less value than the promise of the original securities." S& P's position could wreak havoc on EU attempts to deal with the Greek debt crisis, especially if rivals Moody's and Fitch come to the same conclusion. A so-called " selective default" could trigger insurance claims on Greek bonds and cause another bout of turmoil in the financial markets. " A default is exactly what the European politicians want to avoid," said Louise Cooper, markets analyst at BGC Partners. " I imagine there are a lot of phone calls being made between the European political elite and the bosses at S& P." The French banks had said they were ready to help Greece by accepting a significant debt rollover as part of a second bailout for Greece. Germany's banks later said they were also considering helping out on similar terms as the French plan. teeth53      ( Date: 27-Jun-2011 15:14) Posted: In others words, get ready for more debt rolling over...Whether in time for in favour of PIIGs or in favour of lenders. Time shortly will tell. Failure to vote for austerity would, essentially, be a move to put the ball back in the court of Europe. If aid  of 12 billion is  to come in....the money will not last  after Aug  and the more debt will be needed (more loan is need) This time...A propose to ROLL over for 5 years.

 

What next?. Keeping in mind Aug 2, as....

President Barack Obama is challenging Republican lawmakers to present a debt plan - details,  for a smaller-scale deficit reduction program as he attempts to steer them toward his $4 trillion goal, a Democratic aide said.

Obama plans to hold a press conference at 11 a.m. in Washington today, his fifth public remarks on the debt in a week, as he presses lawmakers to reach an agreement to raise the $14.3 trillion U.S. borrowing ceiling before an Aug. 2 deadline. The president and bipartisan congressional negotiators agreed to meet every day until they reach a deal, said one legislative aide on condition of anonymity.