The day of the rake.

[smccomas69]

Another socialist utopia crumbles.

http://www.cbc.ca/news/business/moodys-banks-1.4109847

[mikuthing01]

https://www.youtube.com/watch?v=Z6z-nxAYhGw

[gnooryblows]

socialism won't work in the long term. S&P cut our governments rating back in 2011 - > https://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html?utm_term=.ce62a30bc998) when it seemed like our currency might even possibly crash there was all sorts of prognostication of economic doom back then, i remember. it was a fun time to be alive. now canada axing these big banks ratings. this is because socialism always works in the beginning. because our nations are only slowly CREEPING towards socialism, the effects are similarly slow and creeping. a AA+ rating is still a very very good rating, but it indicates the beginnings of change. the slow, unavoidable downfall of what happens in socialist nations. want to see the expedited version? just look at what's happened in venezuela over the past few years.

even though this is a cut on the banks rating, not the governments, the amazing thing is that canada actually has far less debt than the US and a far better debt to GDP ratio. banks and government are obviously tightly interwoven, so when will the hammer fall on the US? one day we WILL default because our current system is unsustainable. i don't think any of these children running around preaching about socialism understand the first thing about debt and how it does eventually need to be paid out lol

clock is always ticking - > http://www.usdebtclock.org/

[weedeater]

Much ado about nothing.  Rock solid, profits keep climbing, until the interest rates go up and the Chinese stop buying.


https://www.youtube.com/watch?v=NlfjJO3sbSQ

[smccomas69]

socialism won't work in the long term. S&P cut our governments rating back in 2011 - > https://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html?utm_term=.ce62a30bc998) when it seemed like our currency might even possibly crash there was all sorts of prognostication of economic doom back then, i remember. it was a fun time to be alive. now canada axing these big banks ratings. this is because socialism always works in the beginning. because our nations are only slowly CREEPING towards socialism, the effects are similarly slow and creeping. a AA+ rating is still a very very good rating, but it indicates the beginnings of change. the slow, unavoidable downfall of what happens in socialist nations. want to see the expedited version? just look at what's happened in venezuela over the past few years.

even though this is a cut on the banks rating, not the governments, the amazing thing is that canada actually has far less debt than the US and a far better debt to GDP ratio. banks and government are obviously tightly interwoven, so when will the hammer fall on the US? one day we WILL default because our current system is unsustainable. i don't think any of these children running around preaching about socialism understand the first thing about debt and how it does eventually need to be paid out lol

clock is always ticking - > http://www.usdebtclock.org/

Looking at those numbers gave me a seizure WTF

[Kidnostad3]

socialism won't work in the long term. S&P cut our governments rating back in 2011 - > https://www.washingtonpost.com/business/economy/sandp-considering-first-downgrade-of-us-credit-rating/2011/08/05/gIQAqKeIxI_story.html?utm_term=.ce62a30bc998) when it seemed like our currency might even possibly crash there was all sorts of prognostication of economic doom back then, i remember. it was a fun time to be alive. now canada axing these big banks ratings. this is because socialism always works in the beginning. because our nations are only slowly CREEPING towards socialism, the effects are similarly slow and creeping. a AA+ rating is still a very very good rating, but it indicates the beginnings of change. the slow, unavoidable downfall of what happens in socialist nations. want to see the expedited version? just look at what's happened in venezuela over the past few years.

even though this is a cut on the banks rating, not the governments, the amazing thing is that canada actually has far less debt than the US and a far better debt to GDP ratio. banks and government are obviously tightly interwoven, so when will the hammer fall on the US? one day we WILL default because our current system is unsustainable. i don't think any of these children running around preaching about socialism understand the first thing about debt and how it does eventually need to be paid out lol

clock is always ticking - > http://www.usdebtclock.org/

Amen.