Now, I am no genius, but surely everyone here can recognize the disconnect between what has happened here and what is happening in Europe. I mean, surely everyone can see that if a Euro country get's downgraded their bond's shoot sky high, and the US downgraded and this is the reaction then something is seriously wrong with mainstream thought?
Greece rates 20%.. Portugal >10% etc. etc.
Could it be, could it just maybe be that the United States is somewhat different to Europe? Could it be, could it just maybe be that the United States has no default risk? Could it be, could it just maybe be that the United States's debt is not like 'traditional debt'?
Maybe it has something to do with oh I don't know... the US being a sovereign currency issuer? YES! It could, it can and it is!
Although, from watching bloomberg's pathetic moron's on the subject, maybe it's because the US has been given a 'nudge along' in the right direction and that's pleasing the markets. GIMME A GOD DAMN BREAK!!
It's in the gold section because I thought it most relevent to everyone buying gold on the fear of a US default.
