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03:06 AM
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Ron Paul: "America's AAA Rating Not Worth Saving" Because "We Are Insolvent"
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[quote:Texas Uncensored:MV8xNTYxNDA1XzI1ODAzNzg3XzVBQzU3REY5] [quote:Anonymous Coward 1437940] Why dont you guys see? Ron Paul is STILL a politician! Youll finally get it when you dont have shit and realize he didnt do anything either. This country is a corporation and your arguing about the president but NOT the CEO SMH. [/quote] He's the most honest and respected man in Washington. He has been reelected over and over again because he does what he says he is going to do. Always with the Constitution. Shill, you are done this time around. Go tell Barry it's over. [/quote]
Original Message
The man who yesterday got into a heated argument with the chairsatan on whether gold is or isn't money (a Bernanke response already mocked to death so we will leave it alone), shares his take on the most recent bout of scaremongering by Moody's (with S&P doing in private today what Moody's did in public yesterday) with Bloomberg TV's Erik Schatzker. When asked if the American AAA rating is worth saving, his reply: "probably not. I think if you had a market evaluation on this issue, it should have marked down a long time ago." The reason the downgrade will come regardless is that "ultimately that is going to happen anyway because we are insolvent." The big picture: "I think it is part of the game to make sure everyone is fearful so we continue this process. Long term, I think raising the debt limit is a negative because it delays the inevitable. It will give us much bigger problems down the road. Today and tomorrow, if Moody's does not lower the bond rating, it will be helpful in the short run. In the long run, it will be more devastating because Congress will go back to their old habits again." Said otherwise: Moody's is concerned about US debt now, but is not concerned if US were more tomorrow - sheer idiocy.
Full Bloomberg TV: [
link to www.domasjefferson.com
]
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