It’s Probably Nothing

17 Replies to “It’s Probably Nothing”

1. The parents need to take Obozo’s credit card away . . . he’s proved he hasn’t a clue how to handle credit.

2. To make matters worse, there are many people in the world who want to see nothing more than outright economic failure of the USA, including most of Europe.
   A spender-in-chief and an apologist-in-chief who sought the job only for his ego is hardly the person you want running the show when the country is vulnerable.

3. Obama took the keys from the Republicans because they drove the economy into the ditch. Should have just left it there instead of racing for the nearest cliff.

4. I was able to get one bitter laugh out of this news. I heard this while working out and immediately thought it would be a great SDA “it’s probably nothing” post.
   Other than that, kind of scared, really.

5. My gold and precious metals holding are up 30% already and will only get better.
   My buddy who has been hoarding food, water, guns, ammo (and even raw lead for making his own) might be in better shape.
   Considering how close to the boarder I live I might need to re-think my plan ;^)
   I can’t wait for the US dollar collapse refugee claims flooding in…

6. The States just may yet find themselves giving up Alaska as part or whole of its debt load.
   May sound far fetched…but is it?!

7. But, see Andy McCarthy’s question.

8. I have a question for maple leaf.
   what will your lead hoarding friend do when there are swarms of locusts, cockroaches, rats, mosquitoes and gawd knows what else? how many fire ants can you take out with 1 shot? or when common pathogens make their much heralded return-with-a-vengeance?

9. And people will likely blame the credit agencies for the U.S.’s deteriorating solvency, like blaming the rooster for the sunrise.

10. Spending their way into prosperity.

11. How much of Canada’s wealth is derived from selling to those Americans? Is it still + 60% ? The left in Canada has long hoped for the demise of the USA, yet if they get their way they have no alternative to this market of people, who coincidentally enable Canadian’s to spend a minimum on our military. It doesn’t make any sense to me.
    It does appear that the unraveling has begun. … as though Sun Tv doesn’t already have enough to talk about on their first day.

12. S&P is likely, along with other unofficial appendages of the Democratic (leviathan-mercantilist-state) party (to which you can throw it the Establishment Republicans like Bush, Graham and McCain but compared to the Dems, are amateurs) is indeed priming the electorate for supporting the debt ceiling increase (McCarthy’s theory). The only way out of eventual default and resulting chaos is controlled and serious cuts across the board and the only serious legislators prepared to do so control just half of Congress. The only political tool in the chest until 2013 is to shut down the US government until both houses agree and or the Administration backs down. Based on recent events, the only Republicans with the cajones to do so are Michele Bachmann (why is it that women seem to have most of the political cajones?) and a few others.
    It looks like the only roles of government that America will still be able to afford, whether or not they choose it, will be Ron Paul’s version and that is the best case scenario. The Greece option is out as the enormity of the debt precludes any other nation bailing out the US post default.
    The world economy is anything but immune from US default repercussions. The Canadian dollar dropped a full percentage on S&Ps rating, demonstrating that the US dollar is (incredibly) still the risk aversion shelter. Without it as world reserve currency, international exchange rate fluctuations could get real interesting.

13. Get a load of this;
    Paul Krugman actually says it IS! nothing.
    http://krugman.blogs.nytimes.com/2011/04/18/sp/
    An aside; does Krugman use ‘Conscience Of A Liberal’ as his motto, theme? Like nothing else matters – that one is Aok as long as one has a conscience, feelings? Facts, track record or science not important?
    Conscience: to ‘con science’. Is that what Paul is really doing?

14. ron:
    I like the way Krugman blames it on “political gridlock”, as if the shear enormous massive humongous gargantuan size of the deficit is a side issue.

15. Geez, I never saw this coming… /sarc off
    This is not going to be pretty.

16. Presenting the new UNITED STATES OF AUSTERITY.
    Oh well, they’ll get there eventually, because govts always do the right thing, but only after they have tried everything else first.
    heh

17. Peter Schiff’s comments are well worth paying attention to.