Feb 2010 update

In the news, the Treasury Secretary says the USA will never lose its AAA credit rating.  If that’s true, why does he have to day that?

It’s not like Tim Geithner would lie.  He might actually believe in the all powerful state run by Jews.  Why Jews are god’s chosen, they can do no wrong.  Fiat money is gold because we say it.  If we (god) say it, then you must believe it!

God’s chosen few:
 


I think of course that if the credit rating is being verbally defended then it must be in real trouble.  As with any borrower, there is a limit.  When the end comes it could be sudden because those in charge are using every stick to prop up a dead horse.

There is simply no way for the USA corporation to get out of the hole it has dug for itself, its economy shredded and its debt exponential.  But have no fear, there is always the deflation play, the last stick that can temporarily prop up a nation is decline.

CDS curve starting up again