U.S. Credit Rating Downgrade / Default
Posted by ConspiracyDude on July 27, 2011
WHile rulers and runners of America’s economy continue to use scare tactics on the American sheople fearing default, no one really gives a rats ass. Why should we ? There is nothing an average Joe can do about it; is there. Whether the U.S defaults or not, average people are still hurting and will continue hurting. Sure a default would make the pain worse for average Joes but that would also hurt Big Government, which is why it will not occur. Besides, they will raise the debt limit whether you are against it or not. This campaign for recovery and spending is like many of the other campaigns, even elections. It is to make you think you have a choice, a say in the matter, which in reality we know we don’t.
But what of a ‘credit rating downgrade’. The pain is going to get worse and it isn’t going to hurt ‘big government’. Why ? Because they will continue spending and getting loans although at a higher interest rate, passing the higher cost on to the sheople. In other words, The shit is going to hit the fan again for average Joes, and there is nothing you can do about it other than tighten your belt around your already thinning waist. Again!
Nothing is going to change for ‘big government’. They’ll still have and keep their jobs. They’ll still be getting fat off the hard work of average Americans. They’ll still be funding wars and bullshit programs that benefit only the rich. They’ll still live in the big houses and drive the fancy cars, and take those extravagant vacations to tropical destinations and snow capped mountains. All the while, the average Joe will once again be required to decide whether to pay the power bill, or splurge on some beans and rice like third would sheople.
It’s coming again folks, make no mistake about it. Jobs will be cut. Unemployment will rise. Prices will rise. Families will loose their homes. This is what a downgrade will do. If there were ever a default of payment, which if it happened once would continue down a slippery slope, we would be shit out of what little luck some of is have.
The thing here is, even if the debt ceiling is raised, they will still cut the programs that average Joes depend on. Funding for the military industrial complex, the police state, the black ops, the salaries of the assholes running the show will not be affected. Matter of fact, they’ll probably pat each other on the back, smile, and give each other a raise and a hand-job.
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BuelahMan said
To me, ‘big government’ isn’t the problem, in and of, itself. ‘Big government’, nor the crony profiteers from it are causing these issues. They are but a pawn in the system.
Look to the money and it is always banking and big Corps (ie: Big Money)
These entities own and control the action of the government, in which those that carry forward the Corporatist agenda are rewarded with huge payoffs, perks, stock options and tremendous paying jobs when they retire. ‘Big government’ is but a stepping stool and bitch of Big Money.
This, Ed, is the face of Fascism.
ConspiracyDude aka ED said
Oh, I agree 100% this is one of many faces of fascism. Thats why I called them the rulers and runners of America. I mentioned merely that none of this, whether downgrade or default, will affect big government in any way. It’s always the little people that get screwed tho, regardless of what we call it.
How The Debt Ceiling Talks Affect All Americans « Personal Finance Information said
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ConspiracyDude aka ED said
From my rant I said [Quote ]It’s coming again folks, make no mistake about it. Jobs will be cut. Unemployment will rise. Prices will rise. Families will loose their homes. [/Quote]
Well it’s starting in Georgia …. Whats it doing where you live ??
Off course they’re blaming it on schools being closed for the summer. Wonder what they’ll blame it on next month ??
The unemployment rate in metro Atlanta skyrocketed to 10.5 percent in June, from a revised 9.7 percent in May, the state labor department said Thursday. The jobless rate is now higher than a year ago, when it was in 10.3 percent. http://blogs.ajc.com/business-beat/2011/07/28/metro-atlantas-jobless-rate-jumps-to-10-5-percent-in-june/
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The Columbus metro area unemployment rate jumped to 10.2 percent in June, the Georgia Department of Labor reported today. That’s up from 9 percent in May and compares to 9.6 percent in June of last year. http://www.ledger-enquirer.com/2011/07/28/1673868/columbus-metro-area-unemployment.html
BuelahMan said
But, Ed…
Our illustrious POTUS has a plan for growing jobs. He hired Jeff Immelt to create more jobs…
… sad thing is that Jeff is creating those jobs in China.
http://theeconomiccollapseblog.com/archives/ge-ceo-jeffrey-immelt-the-head-of-obamas-jobs-council-is-moving-jobs-and-economic-infrastructure-to-china-at-a-blistering-pace
ConspiracyDude aka ED said
Yep saw other reports earlier this week on that. Once GE is there the Chinese will rip the technology like they do, make their own and shove GE to the sidewalk. It’s like we have said before, have to close the stores before you can close the mall. That mall being America.
I also saw where Ford is building 4 new plants in China.
We aint seen nothing yet !! It is coming. the train is picking up speed again after a slight detour.
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