GOOD MORNING, AMERICA--YOU HAVE BEEN DOWNGRADED
For Americans and most of the world, the news is not good. If you're a prog, this financial news is like smelling fresh-brewed coffee in the morning. It's something you look forward to.
Terresa Monroe-Hamilton at NoisyRoom has a piece by Trevor Loudon concerning the US Dollar that goes perfectly with the financial news we're seeing this morning.
It's one thing to discuss the "what ifs" and all that. But to see the "what ifs" actually begin to happen is another thing. As I type this, gold is about to cross into the $1500 range; silver's posting $42. These are Twilight Zone prices. The outlook for America's economy is being downgraded--our future is being downgraded. Your children's future is being downgraded... and it goes on and on.
Economically, we are being destroyed and the reporting at CNBC is strictly limited to reporting the numbers on the board and where they're headed--"what ifs." Not a peep about how we got here and the forces that are in play. No, this is just another day on Wall St. where the numbers are moving fast and in a direction that has everyone's attention. In other words, have another cup of coffee, go to work, don't worry... as your nation goes straight down the toilet.
TONIGHT: The Andrea Shea King Show--9 PM ET.