All is quiet on the front right now...an eery quiet while all this debt talk clouts the media. I have a feeling something big is coming and its being masked by this debt/media monotony.
"If the debt of the United States is downgraded, other debt will also be downgraded. As credit ratings go down, interest rates do the opposite. U.S. consumers would start paying more for things like credit cards, mortgages and car loans. Hundreds of municipalities would also pay higher borrowing costs for their debt. These are just a few of the interest rate wild cards. This would put a huge drag on an economy that is already on the skids. "
Saw this quote from somewhere just cant remember, but, I beg to ask the question...is there anyway out of this debacle? Exponential compounding interest must go parabolic, and then it just dies. It has to. Its mathematically impossible for it not to die. Got Debacle?
Metals hanging in there, I hope we get raided I need to buy more calls and phyzz this one last time before the silver man comeith to take us to the promise land.