Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Like Tree1Likes
  • 1 Post By PMBug

Reply
 
LinkBack Thread Tools
Old 01-27-2012, 05:40 PM   #1
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,103
Liked: 2456 times
Red face Fitch Goes on Rampage: Cuts Spain, Italy, Belgium, Cyprus and Slovenia

Friday afternoon special:

Quote :
Fitch just cut the long-term issuer ratings of 5 EU countries:

Belgium: AA+ to AA

Spain: AA- to A

Italy: A+ to A-

Cyprus: BBB to BBB-

Slovenia: AA- to A

It affirmed Ireland's BBB+ rating with a negative outlook.
...
http://www.businessinsider.com/fitch...belgium-2012-1
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is online now   Reply With Quote
Old 01-27-2012, 06:39 PM   #2
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Sweet! so......how much more collateral is required by that?
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 01-27-2012, 11:33 PM   #3
PM Bug Supporter
 
DoChenRollingBearing's Avatar
 
Join Date: Oct 2011
Location: SE USA
Posts: 1,275
Liked: 691 times
Oooohh... Italy at A-.

Italy is the one to keep your eye on (I watch them all, but I have lots of time, that semi-retired thingie). Italy goes, then France bids us adieu, Germany gets hosed (Auf Wiedersehn!), then you have about 24 hours to get the last out of the banks, grocery stores, the gun shops and any last bullion left.

Maybe want to have your Dr. (tell him to turn the radio on so he hears how his stocks are doing, then pass over that $500 in fiat...) give you one fast last prescription for any and all meds, particularly ones you can trade. I don't have to spell that one out...

That last day you are going to be very busy! Might be smart to cover some of those bases now!
DoChenRollingBearing is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Fitch Again Warns US Debt Burden Threatens AAA Rating vox Fiat Ponzi 6 12-22-2011 11:56 AM
End in Sight for Italy white&yellow999 Fiat Ponzi 1 11-10-2011 07:22 AM


All times are GMT -5. The time now is 08:21 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.