Get used to it. The credit of the United States of America - the government, not the people - is not top notch anymore. The national honor has been besmirched by just about every "leader" in the Dark City. Does anyone really think that a re-run of the Great Depression of the 1930s would not bring a default ... and not just a technical one?
Now the knaves in the Dark City are bickering when there is record demand for US notes and bonds. In a Great Depression scenario, that demand would not exist. In a "worst case" scenario, interest rates for government debt would be higher. At that higher cost of funds, government spending would be even more ... much, much more. And spending on aid for the poor and indigent would be more ... much more. In that world, a true, Greek-style default would certainly happen.
USA is a Aa/AA/AA and is not a triple "A" anymore.
100 years of strong economic performance has been squandered.
And who did it? The knaves in the Dark City.
Word of the Day
"Alterity" - noun [$10] from 'alter'
Alterity means the essence of someone's or something's changed state.
Sentence: Obvious to anyone not complacent is the alterity of the credit of the government of the United States towards weakness.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
22 comments:
not that easy Bman..............the knaves were put into office by the people..................they want all these sevices and entitlements............the people share the blame
another fine week for the greenback...............surely now the Bman will admit that his global purchasing power is gettin decimated
let it fall my ass
no, I think it is the knaves.
Does anyone hear about cutting the pay and benefits of government employees?
Nope.
honest joe works a hard 40 while lazy larry who knows how to game the system sits at home and gets a check on Uncle Sam and busts Joe's balls for working so hard....USA USA USA
hard working Joe owns his own home and other property...pays a ton of school tax on each....fornicator fred wears no condoms...lives in an apartment has 7 kids..pays no school tax....USA USA USA
a George divided cannot stand
all true, Spin.
Gotta change
don't forget all teh Beltway knaves and the state employees, too.
To paraphrase something Phil Gramm said once: too many people are riding in the wagon and too few are pulling it.
lool
bunk..why couldnt they raise retirement 2 months every year...12 years to raise it 2 years...would that be something you'd be interested in??..lol
Social Security is not the problem for the short or intermediate term, or if ever. That tax raises emnough money, if the phoney disability payments were cut.
The problem is Medicare, Medicaid and all the other government programs, phoney disabilities, and the huge number of overpaid government employees and contractors sucking the blood of the people.
phoney disability payments....amen to that...crock of shite indeed...sorry Mrs B
Social Security is not the problem for the short or intermediate term, or if ever. That tax raises emnough money
todays Merny Glee watchin yoots..buy a house or condo for a mil intending to sell for 1.3..shit hits the fan...you owe 1 mil...F-THAT....walk away easier...they will do the same to ss ponzi.....F U oldsters...you lived long enuff...move family back to Grammys....play video game drink Sunny D
Michelob ULTRA???....ARE YOU KIDDIN ME Bub???
hmmmm...........Bman didn't respond to my global purchasing power comment.........does he agree ?? is that a surrender ??
Bman doin his robert e lee impersonation at Tecumseh.............full uniform.head down...surrender
aah the sweet smell of victory
Bman got tired of answering/commenting on the same old quetion.
Bunk..what cost cutting have you put in place at your hoochie huts???
cost cutting ? Hmmmm.
None. In fact, we are about to do improvements to all.
I hired an assistant manager for me, too.
I'm not outsourcing anything :)
that is, an assistant national manager.
ahhh congrats Big Al
Bunk....please buy more munis....Mrs B and I can use the income....and raise the retirement age what a load of the thumping bs......Whatever happened to passing gracefully? .....the ratio of $$$$spent for end of life care is not out of controlit it is insane....Mrs B and I will ensure you are put down appropriately.... Mrs B you are the best...cash is king.
lolol frosty ... you'll have to battle my MG friend, Bob, for the rich widow.
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