Is the United States bankrupt?

[lawgator1]

The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.



"The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.
"In the United States there is already a funding crisis, and they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off," Hennecke told CNBC.
In order to solve or stem the economic slowdown, Hennecke suggested the US would have to radically reduce spending across all sectors and recall all its troops from around the world.
As for a stimulus package, there is not much of an industry left to stimulate back into life, Hennecke said.

[droski]

ridiculous. the government put $183 billion in new debt for sale this week . The auction of the 3 year note on Monday was more than 3 times oversubscribed. If anyone had any question of our credit the 30 year treasury wouldn't be 4.15%.

[BigPapaVol]

The final sentence should have told you that the guy is an idiot and simply pushing an agenda.

[lawgator1]

Originally Posted by BigPapaVol

The final sentence should have told you that the guy is an idiot and simply pushing an agenda.

You mean he's shorting GM and Ford? Awfully alarmist for that.

[KentheOrange]

I think this is on par with advice one of my clients received from her broker at Raymond James. She was totally in mutual funds and was advised to sell everything while she still had a little left.

How can you pass the series 7 exams and still be such an idiot?

[BigPapaVol]

Originally Posted by lawgator1

You mean he's shorting GM and Ford? Awfully alarmist for that.

No, I mean he's peddling for negative outlook clients because they're out there in droves today. His outrageous commentary got him noticed and some idiots will see eye to eye with this viewpoint, retarded or not.

[droski]

Originally Posted by KentheOrange

I think this is on par with advice one of my clients received from her broker at Raymond James. She was totally in mutual funds and was advised to sell everything while she still had a little left.

How can you pass the series 7 exams and still be such an idiot?

he's not an idiot, he's a crook. this is what people want to hear in this environment. the best way to get assets right now is to tell people the world is going to end. trust me. 6 months from now he'll tell her he has the deal of a lifetime and things have changed. as for the series 7 it's a very easy exam to pass.

[T-TownVol]

Originally Posted by KentheOrange

I think this is on par with advice one of my clients received from her broker at Raymond James. She was totally in mutual funds and was advised to sell everything while she still had a little left.

How can you pass the series 7 exams and still be such an idiot?

ask Truefan

[MontereyVol]

Is this not a good thing? China is offloading some of our debt to them to pay for their own stimulus package, so Americans now have the opportunity to buy it?

It seems to me it is better for us to hold our own debt.

[T-TownVol]

Originally Posted by MontereyVol

Is this not a good thing? China is offloading some of our debt to them to pay for their own stimulus package, so Americans now have the opportunity to buy it?

It seems to me it is better for us to hold our own debt.

don't throw off LG's groove, it makes him feel good to be doom and gloom

[IPorange]

This is silly. Even if this were true, the end result would be a global depression. The US's ratings will be the least of anyone's concerns.

[truefan]

:QUOTE=T-TownVol;1822100][/B]

ask Truefan[/QUOTE]