Lake Minnetonka Liberty

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Tag Archives: credit

Black Friday: S&P Downgrades Nine Euro-zone Countries

(Reuters) – Standard & Poor’s downgraded the credit ratings of nine euro- zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the troubled single currency area.

“Today’s rating actions are primarily driven by our assessment that the policy initiatives that have been taken by European policymakers in recent weeks may be insufficient to fully address ongoing systemic stresses in the eurozone,” the U.S.-based ratings agency said in a statement.

Read the rest at Big Government

Uh-Oh: Nazi Collaborator & Profiteer George Soros Makes A Billion Bucks Betting On The Downgrade?

You know how the Bolshevik left absolutely hates “the rich” and making a profit above a level that they get to determine. And in their funny little world, rich people could only have gotten rich by exploitation, profiteering and other ill-gotten means, and they use that retarded thought process to justify their hatred of success and envy. But yet the very man who has done everything they hate, gets a pass. Go figure! I guess in their world you can look the other way as long as the filthy rich person is helping fund their Bolshevik cause. Hypocrites.

And then they always talk about the non-existent in the real world “social justice, economic justice, human justice” and any other made up fill-in-the-blank justice. Yet they embrace and love a Nazi collaborator. Well, nobody ever accused the left of having an intelligence quotient above 40.

Somebody is responsible for profiteering a billion dollars by betting on the credit downgrade, and there’s only one way possible that could have happened. Insider information, and insider information like that is illegal. All indications are it’s none other than George Soros, the man who should have been sent to Treblinka or Auschwitz instead of collaborating with the Third Reich. That was a damn shame.

via U.K. Dail Mail:

A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.

Now questions are being asked of whether the trader had inside information before placing the $850 million bet in the futures market, or if the bet happened at all.

There were mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved.

He made more than $1 billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.[...]

The link has been made to Mr Soros in part because he has been tied to President Obama’s administration since 2008, reported The Examiner.

He also recently stopped managing money for outside investors, meaning he is under less scrutiny from the Securities and Exchange Commision.[...]

The bet also raises questions of whether President Obama and Treasury Secretary Timothy Geithner knew that a downgrade was on the cards.

I hope it can be proved Soros was involved with insider information. We could then seize all his assets and he could spend the rest of his rotten, miserable, Nazi loving life behind bars.

China cuts us off

Now how are Obama and the Democrats going to pay for their socialism? Oh that’s easy! Gut the military, and “tax the rich,” the tried and true cry of the Bolshevik.

NEW YORK/SHANGHAI, Aug 6 (Reuters) – China bluntly criticised the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over.

Standard & Poor’s cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation’s budget deficits and climbing debt burden.

China — the United States’ biggest creditor — said Washington only had itself to blame for its plight and called for a new stable global reserve currency.

“The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone,” China’s official Xinhua news agency said in a commentary.

Barack Obama and the Democrats are intentionally destroying this country. That is a fact. The party is over folks, we are collapsing, denying that fact isn’t going to change things. I’ll be mildly surprised if we last until the election. We are the Titanic, and we just hit the iceberg. We have some time left, but the sinking is inevitable as long as the Captain and crew are in command.