U.s. Downgraded To Junk!

Nahh…but it otta be. Everyone else was downgraded to junk status today. Obviously the PTB are wanting to get the process moving or they wouldn’t have unleashed their dogs (the ratings agencies) on Portugal. Gold is finally starting to move a little after being flat most of the morning. I guess the fear trade will have some life in it at the opening.

Santelli had a great rant today. It reminded me of the old question if a tree falls in a forest and there is no one there to listen then does is make a noise. He spoke from the heart and it was all solid common sense stuff. SO OF COURSE NO ONE LISTENED. He was frustrated of course. You shouldn’t be. This is a ship the size of continent and its NOT gonna turn around. Its headed for the Iceberg and there is NO stopping it. This is the boom bust cycle of SEVERAL lifetimes coming. Maybe the boom bust cycle of ALL time. No avoiding this one. Even the dipchits that have had their heads stuck in the sand and have sucked up the koolaid for years know something is wrong. I remember talking with a friend of mine in the early eighties when Reagan began breaking the bank on the budget and he said then that the debt didn’t really matter. I argued and argued…..deaf ears. Watta dumbass….or was he just hearing what he wanted to hear. Either way he betrayed his country.

Still a little under the weather but I’m holding my mining core AG SLW SSRI ANV GFI EGO EXK GPL and several others. ALSO PLSV PHYS EUO YCS. THIS GAME IS JUST STARTING. gl

Read more at Great Depression 2