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 Replies: 18 / Views: 3,114 |
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Rest in Peace
United States
9104 Posts |
In a release they call "the most important press release of my lifetime", Weiss research rates debt by governments (treasury bonds and the like), and puts the USA 33rd among 47 rated countries with a "C" rating, just two notches higher than junk. http://www.moneyandmarkets.com/video?922601300001 |
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Moderator
 United States
14463 Posts |
looking at that report, the US got a C, so did Canada, France, Japan, and others
Italy & the UK were among those that got C-
a C sounds better now
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Rest in Peace
 United States
9104 Posts |
If you think that a C sounds "better", you apparently missed the 2/3 of the world that is above the US.
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New Member
United States
25 Posts |
If Indonesia and Mexico are in a better economic state than the U.S., you know we're in trouble! Sadly, they made their money OFF THE U.S.!
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Pillar of the Community
United States
2335 Posts |
I watched part of the video. Didn't see the list. I'd be interested to know how many of the countries that are listed above us are ones that we are currently giving money to in the form of foreign aid.
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New Member
United States
25 Posts |
Not only in foreign aid but mainly tourism. Indonesia-think about the wealthy British and Americans who spend money over there AND naval aircraft carriers that hold 5,000+ men and women. And Mexico...lol well I don't need to go into depth on that one. The last and only time I've ever traveled down there, there were so many hotels and homes being built all derivative of wealthy Californian entrepreneurs...and possibly drug lords.
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New Member
United States
25 Posts |
But your comment, trdhrdr, makes me wonder when WE'RE in a crisis, how many countries will come to our aid? I don't recall much help when Hurricane Katrina came about. From what I remembered, all the money towards the efforts were made by Americans. When are we gonna learn?
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Pillar of the Community
United States
931 Posts |
The US is in big trouble. They are running the presses 24/7 to reduce the value of our savings. The only hope we have is to back up a good portion of our savings with gold and silver. The mint doesn't have nearly enough silver to come close to meeting demand. Now is the time to make a big move and I'm making it. Government employees are retiring with pensions that are twice as high as they were making while working. All of them are retiring when they're 50 years old and the rest of us are going to end up scrounging until we're 75 because they're going to have to move our retirement dates back so they can afford to properly give government employees a BIG FAT PENSION. I've been angry for years, but it is coming to a head now. The government is forcing us to risk our savings in the precious metals markets just so we can hold the value of the savings that we slaved for for decades. It's just disgusting to see what has become of our once great nation.
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Pillar of the Community
Canada
1733 Posts |
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New Member
United States
25 Posts |
I was using Hurricane Katrina as an example and not sure how you would take this, but we scratch Canada's back and they scratch ours. Sharing borders has that effect and it's sometimes hard to envision Canada as another country-I view it as an extension of the United States (minus the health care differences). But thank you for your help nonetheless.
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Pillar of the Community
United States
759 Posts |
Sorry, anybody who ranks the Philippines higher than the US loses credibility in my mind. Now the guy may technically be correct given the selectively small slice of governmental data analysis performed by their proprietary methodology, but let's not read too much into an obvious grab for eyeballs. Believe me from first hand experience, despite being one of the most beautiful archipelagos in the world with some of the nicest people on the planet, you don't want trade a median income life here for one there. That said, the US does need to get its fiscal act together and that's up to the politicians, not exclusively the Fed.
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Pillar of the Community
United States
4008 Posts |
Quote:
In a release they call "the most important press release of my lifetime", Weiss research rates debt by governments (treasury bonds and the like), and puts the USA 33rd among 47 rated countries with a "C" rating, just two notches higher than junk. - BiggFredd Wow... that is indicative of a pretty sorry state of financial affairs in this country.  |
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Pillar of the Community
United States
4008 Posts |
Quote:
Sadly, they made their money OFF THE U.S.! - Collecta83 If they made it via trading with us, then they earned it. If they made it via International Welfare... er... Foreign Aid, then shame on US for handing it over. |
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Pillar of the Community
United States
4008 Posts |
Quote:
They are running the presses 24/7 to reduce the value of our savings. - Junior While that IS one of the results for this activity, I really doubt that this is their reason for doing it. Remember... politics IS a game and it DOES have a few rules. Chief among these rules is that they need to tick off the least number of people while still gathering the max in power and money. Those who forgot this basic rule got hammered in the 2010 election... and that was just for openers. Just wait until 2012. They ain't seen nuthin' yet!  |
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Pillar of the Community
United States
3670 Posts |
You almost gotta wonder how one nation with a debt figure so high that most people's brain can't even comprehend the number, could get a passing grade of a C, even with other country's ahead of us like Indonesia and Mexico....
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Rest in Peace
United States
9104 Posts |
Weiss has said that most of the comments on his blog are people saying they think they rated the US way too high in the rankings.
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Replies: 18 / Views: 3,114 |
Posted 04/30/2011 05:47 am
