U.S. credit rating downgraded for first time in history. The United States lost its top-notch AAA credit rating from Standard & Poor’s on Friday, in a dramatic reversal of fortune for the world’s largest economy.
I am yawning! Why So Late? This should have happened 10 years back while US has been printing unlimited amount of money for last 30 years. In my view, the world, in general, is always very late…at least by 10 years!
The truth is the Emperor has no cloths. Nothing much has changed with this downgrade. May be stock markets world-over will loose another 10% …and world will get back to normal in few more weeks.
The question is: Have fundamentals changed by this downgrade? Nothing has changed. The world economy is still sinking in the gutters. Look at the cracking foundation of the world economy. Wake-up before it is too late. In my blogs I have already predicted many things about the future. Unfortunately so far the world is moving in the same direction….economic collapse.
Here are some signs of the future:
Riot Hits London. The riot that tore through parts of north London’s deprived Tottenham neighborhood has cast a pall over Britain’s capital, echoing an earlier era of racial unrest, while spreading malaise through a city preparing to ….
China Tells US ‘Good Old Days’ of Borrowing Have Ended. China bluntly criticized the US on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.
Mark Faber said recently “The next time we have a global economic crisis, it will be much worse than 2008. Before this happens there will be money printing and there will be war. The whole system will collapse,” Faber: Brace for a Global ‘Reboot’ and a War.
There is too much to write… but for now I shall repeat only the following:
Gold and Silver have protected people from the man made calamities for last 5,000 years. It will do again in this new calamity that is approaching us.
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; debt is the money of slaves”
Friends, please prepare yourself, your families and friends for the future….also read some important things you should know and do.
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