CRASH ALERT!!!!! Are we all about to go broke?????
Bill Gross on TV forecasting USA no longer AAA.
Denninger reporting foreigners dumping treasuries at the bid.
State of CA proposing to force cities to loan the state money cities don't have.
Interest Rates skyrocketing today.
Has the world finally said no mas....why the hell should we lend to a nation that loans its weakest borrowers trillions of dollars with no money down and little credit check at almost no interest that is set to skyrocket in a few years????????....and then infects the world with that debt by repackaging it and lying about its quality.......
Are we right on the edge where nobody will fund our debt? Has the FU virus spread to the point where the world is going to say FU to America? Will Deej finally appreciate the wisdom of Alstrynomics if everything goes to hell in a hand basket and he didn't prepare? Will interest rates go so high that the economoy effectively shuts down?
Today's interest rate move was quite remarkable.
Quite frankly all or none of the above are possible. The Zombulator is out in full force draining America of its money as we take our nations wealth and piss it away to keep bankrupt banks on life support when it could be used to stimulate the economy.
I have been documenting the effects of the FU virus and Zombulator for the past year. Few on CAPs wanted to tell Geithner and Bernanke that the Zombie Bank policy was leading to Zombie Nation....except of course for Alstry and a few others.
Is the patient now critical and in the ICU due to negligence???.........is there a Doctor in the house????....
If my diagnosis is right....the effects of the FU viru and Zombulator will make The Great Depression look like a recovery compared to what we are about to face.
Sorry, but when so few choose to believe and it actually happens......it is what it is.........if the good do nothing.