10:41 am, May 30, 2015

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  • U.S. Debt Downgrade to Junk
    Mc
    These guys will do nothing but kick the can down the road like they always do. Trouble with that is (as Spain and Greece, and soon to be Italy are finding out), the markets will viciously attack the U.S. credit rating this time. Debt downgraded to junk, thereby forcing a rise in interest rates to get buyers of that HUGE debt we have. But wait, if interest rates rise to even just over 5% (they will), most of the major U.S. banks will implode. That's why the Fed is creating 40 billion each month out of thin air on their computers to temporarily keep the banks "solvent." We will see the same riots in the U.S. seen in Greece and Spain.
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