Musician Forum - Band Discussion Board - BandMix

NOw they are threatening to drop our rating another notch... .

When I was a kid, my friends and I had a creed we lived by... We never faced off on each other in front of other kids (who weren't in our circle) . No matter how wrong one was and how right the other was... we were determined to show support for each other as though it was always right. Then, behind the curtains, we would take it up in full force to resolve the issues..

Apparently American Experts such as Credit raters are not showing the same respect for their U.S. mates.
Yeah, tell me all you want to tell me in private...but don't slam me in the presence of other countries who are circling over us like vultures over a dying buffalo.

Those countries can't wait to see us on our knees, at the mercy of investors , who no longer believe in us.

If that day arrives, where investors balk on us.. We are extensively f**k ed in the ass for the long haul. The U.S. dollar happens to be the standard. With that comes enormous leverage and privileges (And responsibilities) , which no other countries have (so far) .

Does anybody here besides me suspect that our economy is specifically under attack, with the intention to usurp the rating, hence the American Dollar?

The Grand prize for the country, who performs a successful sabotage of America will be extraordinary. I believe the lucky winner will be China. Anybody else have an opinion?

I'm not so upset, I'm putting my band back together and I'm expecting 20 to 30 trillion in sales. After tax we expect to have enough to wipe out the national debt and eliminate world hunger.

Sarcasm aside, wouldn't that be nice.

No I don’t see any one country and its currency replacing the $ US anytime soon, this economic turmoil has hit the world not just the US although it can be argued that Wall St caused it.

If we want to talk about economic recovery I think the US is better positioned to recover better and faster than any other country it only takes some political will to avoid or continue to make the mistakes that has brought our economy down, if there are any doubts about our ability to come back it’s because of our politicians and the way they’re elected but I have no doubts in the ability of the financial institutions will power (the honests one) and the strength of our work force to bounce back.

I said it in another post our standard of living will be diminished but that was bound to happen anyway due to other country’s better ability to compete with the US for material goods.


As for rating agency S&P to be specific this organization lost their credibility way back in 2007 when they gave triple A rating to Lehman Brothers amongst others right up to the time it went bankrupt more over in Europe S&P is under investigation for corruption and collusion (see Link)

Rating agencies are nothing more than Wall St paid agents and everybody has their number by now so I wouldn’t sweat their platitude disguised as ratings, the world will still buy US Bonds.

Our problem is not the ability to generate wealth, is the inability of our financial institutions/banking and government to manage it in a responsible and honest by way administering our GDP to the benefit of the country as a whole and not to benefit a selected group or groups at the expense of the rest of the population.
http://www.washingtonpost.com/world/eur ... osecutors-

probing-rating-agencies-moodys-and-sandp-after-consumer-groups-complain/2011/08/04/gIQA9c6KuI_story.html

Obama looked at Michelle, chuckled and said, "You know, I could throw a $1,000 bill out of the window right now and make somebody very happy." Michelle shrugged her shoulders and replied, "I could throw ten $100 bills out of the window and make ten people very happy". Hearing their exchange, the pilot of their plane said to his co-pilot,"Such big-shots back there. I could throw both of them out of the window and make 556 million people very happy."

GlenJ wrote:I'm not so upset, I'm putting my band back together and I'm expecting 20 to 30 trillion in sales. After tax we expect to have enough to wipe out the national debt and eliminate world hunger.

Sarcasm aside, wouldn't that be nice.

LOL! Way funny! (Good One !)

RGMixProject wrote:Obama looked at Michelle, chuckled and said, "You know, I could throw a $1,000 bill out of the window right now and make somebody very happy." Michelle shrugged her shoulders and replied, "I could throw ten $100 bills out of the window and make ten people very happy". Hearing their exchange, the pilot of their plane said to his co-pilot,"Such big-shots back there. I could throw both of them out of the window and make 556 million people very happy."

LOL! Another good one !

Speaking of pilots, or flying.

As long as I can get the S & W to index ...
I don't give a flying crap about the S & P index.

sanshouheil wrote::lol:



Speaking of pilots, or flying.

As long as I can get the S & W to index ...
I don't give a flying crap about the S & P index.

Good one Sans. You bring up a very good point!

Can you say "the great depression"?

We may be living it soon enough..another 300 some odd points and who knows who will be a jumper..

If my wife says ok,,, I'LL JUMP HER.

sanshouheil wrote::lol:



Speaking of pilots, or flying.

As long as I can get the S & W to index ...
I don't give a flying crap about the S & P index.

You guys are ona roll!!

The stock market is only a reflection of human perception. It is purely a suggestive barometer. People who make money in the stock market are simply able to predict accurately future perception. The value of money in and of itself is utterly worthless. You can't eat a dollar bill unless you're desperate for nutrition. What can you do with a lump of gold? It's pretty I guess, but that's my suggestive opinion. What anything is worth in reality is COMPLETELY suggestive. The Stock Market going up and down is always going to happen as people's perception changes. The world was a much more stable place to live when we were hunter/gatherers. As soon as agricuture started we were on a slippery slope to eventual implosion. Think about it....

fisherman bob wrote:The stock market is only a reflection of human perception. It is purely a suggestive barometer. People who make money in the stock market are simply able to predict accurately future perception. The value of money in and of itself is utterly worthless. You can't eat a dollar bill unless you're desperate for nutrition. What can you do with a lump of gold? It's pretty I guess, but that's my suggestive opinion. What anything is worth in reality is COMPLETELY suggestive. The Stock Market going up and down is always going to happen as people's perception changes. The world was a much more stable place to live when we were hunter/gatherers. As soon as agricuture started we were on a slippery slope to eventual implosion. Think about it....

Actually, I believe you are correct BOB! I was reading on some archaeological... ologist, who published a study a while back, which had estimated that the average work day for hunters and gatherers was about 4-5 hours tops. The rest was liesure , etc. And they did this without unions.

The reason anybody works to obtain anything more than the bare essentials probably has its roots in subjunctive realities, (Sense of status in the community, role, purpose, etc).

In corp America it is frowned upon to rest on one's laurels and hardys. The stock market is just that... A market of available stock, of something. Investors used to get paid in trade... In fact when a vetted apple producing orchard goes bust, don't be surprised if the last dividend turns out to be a barrel of apples... dropped off at your doorstep... <Truck>..

Making money is the primary Mantra in America... You might say we've become a nation of Ferengies.

To fix things will take some serious sacrifice

Our debt per year is what, 3.1, 3.2 trillion
Our intake of money is 2.1, 2.2 trillion

If it was in your house then you would have to cut back on everything you do to balance it out

I hate to say numbers but the recent stock market has hit my Retirement Package to the tune of half a mil.

In order to really fix things we will all have to suffer

Who on here is willing to suffer?

jw123 wrote:To fix things will take some serious sacrifice

Our debt per year is what, 3.1, 3.2 trillion
Our intake of money is 2.1, 2.2 trillion

If it was in your house then you would have to cut back on everything you do to balance it out

I hate to say numbers but the recent stock market has hit my Retirement Package to the tune of half a mil.

In order to really fix things we will all have to suffer

Who on here is willing to suffer?

Salary of the US President ........$400,000
Salary of retired US Presidents .....$180,000
Salary of House/Senate ..............$174,000
Salary of Speaker of the House ....$223,500
Salary of Majority/Minority Leaders .. $193,400
Average Salary of Soldier DEPLOYED IN IRAQ Risking their life. $38,000
I think we found where the cuts should be made !