Day of reckoning looms for the U.S. dollar

[Arraya]

This does not help.

http://www.usatoday.com/money/perfi/taxes/2009-05-26-irs-tax-revenue-down_N.htm
Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest April drop since 1981, a study released Tuesday by the American Institute for Economic Research says.
When the economy slumps, so does tax revenue, and this recession has been no different, says Kerry Lynch, senior fellow at the AIER and author of the study. “It illustrates how severe the recession has been.”

For example, 6 million people lost jobs in the 12 months ended in April — and that means far fewer dollars from income taxes. Income tax revenue dropped 44% from a year ago.

“These are staggering numbers,” Lynch says.

Big revenue losses mean that the U.S. budget deficit may be larger than predicted this year and in future years.

[Arraya]

[quote=nostradamus]LOL well if you liked Jesse Ventura in Running Man then you’ll love Rowdy Roddy Piper in They Live. Talk about Hollywood accurately depicting our time, check out what he sees when he puts on the glasses! Awesome![/quote]

I just watched this a few weeks ago on You Tube. Good Stuff.

Part science fiction thriller and part black comedy, the film echoed contemporary fears of a declining economy, within a culture of greed and conspicuous consumption common among Americans in the 1980s. In They Live, the ruling class within the monied elite are in fact aliens managing human social affairs through the use of subliminal media advertising and the control of economic opportunity.

[Arraya]

[quote=nostradamus]LOL well if you liked Jesse Ventura in Running Man then you’ll love Rowdy Roddy Piper in They Live. Talk about Hollywood accurately depicting our time, check out what he sees when he puts on the glasses! Awesome![/quote]

I just watched this a few weeks ago on You Tube. Good Stuff.

Part science fiction thriller and part black comedy, the film echoed contemporary fears of a declining economy, within a culture of greed and conspicuous consumption common among Americans in the 1980s. In They Live, the ruling class within the monied elite are in fact aliens managing human social affairs through the use of subliminal media advertising and the control of economic opportunity.

[Arraya]

[quote=nostradamus]LOL well if you liked Jesse Ventura in Running Man then you’ll love Rowdy Roddy Piper in They Live. Talk about Hollywood accurately depicting our time, check out what he sees when he puts on the glasses! Awesome![/quote]

I just watched this a few weeks ago on You Tube. Good Stuff.

Part science fiction thriller and part black comedy, the film echoed contemporary fears of a declining economy, within a culture of greed and conspicuous consumption common among Americans in the 1980s. In They Live, the ruling class within the monied elite are in fact aliens managing human social affairs through the use of subliminal media advertising and the control of economic opportunity.

[Arraya]

[quote=nostradamus]LOL well if you liked Jesse Ventura in Running Man then you’ll love Rowdy Roddy Piper in They Live. Talk about Hollywood accurately depicting our time, check out what he sees when he puts on the glasses! Awesome![/quote]

I just watched this a few weeks ago on You Tube. Good Stuff.

Part science fiction thriller and part black comedy, the film echoed contemporary fears of a declining economy, within a culture of greed and conspicuous consumption common among Americans in the 1980s. In They Live, the ruling class within the monied elite are in fact aliens managing human social affairs through the use of subliminal media advertising and the control of economic opportunity.

[Arraya]

[quote=nostradamus]LOL well if you liked Jesse Ventura in Running Man then you’ll love Rowdy Roddy Piper in They Live. Talk about Hollywood accurately depicting our time, check out what he sees when he puts on the glasses! Awesome![/quote]

I just watched this a few weeks ago on You Tube. Good Stuff.

Part science fiction thriller and part black comedy, the film echoed contemporary fears of a declining economy, within a culture of greed and conspicuous consumption common among Americans in the 1980s. In They Live, the ruling class within the monied elite are in fact aliens managing human social affairs through the use of subliminal media advertising and the control of economic opportunity.

[partypup]

[quote=flu][quote]
“Garnering attention is the risk the United States could lose its triple-A sovereign credit rating, which reflects the chance of the borrower defaulting on its debt.”
[/quote]

Well, apparently, not losing the AAA rating…..yet….

http://finance.yahoo.com/news/Moodys-US-governments-Aaa-apf-15359171.html?sec=topStories&pos=2&asset=&ccode=

Moody’s: US government’s ‘Aaa’ rating is stable
Moody’s says US government’s ‘Aaa’ rating is stable despite country’s growing debt [/quote]

Well, apparently investors aren’t buying it:

“New Investor Worry: Treasury Selloff Spiking Interest Rates”

But hey, PatientRenter says Bernanke should be able to put a stop to these interest rate hikes – so we should be just fine. I’ll go back to bed now and dream of lollipops and unicorns…

http://www.cnbc.com/id/30968861

[partypup]

[quote=flu][quote]
“Garnering attention is the risk the United States could lose its triple-A sovereign credit rating, which reflects the chance of the borrower defaulting on its debt.”
[/quote]

Well, apparently, not losing the AAA rating…..yet….

http://finance.yahoo.com/news/Moodys-US-governments-Aaa-apf-15359171.html?sec=topStories&pos=2&asset=&ccode=

Moody’s: US government’s ‘Aaa’ rating is stable
Moody’s says US government’s ‘Aaa’ rating is stable despite country’s growing debt [/quote]

Well, apparently investors aren’t buying it:

“New Investor Worry: Treasury Selloff Spiking Interest Rates”

But hey, PatientRenter says Bernanke should be able to put a stop to these interest rate hikes – so we should be just fine. I’ll go back to bed now and dream of lollipops and unicorns…

http://www.cnbc.com/id/30968861

[partypup]

[quote=flu][quote]
“Garnering attention is the risk the United States could lose its triple-A sovereign credit rating, which reflects the chance of the borrower defaulting on its debt.”
[/quote]

Well, apparently, not losing the AAA rating…..yet….

http://finance.yahoo.com/news/Moodys-US-governments-Aaa-apf-15359171.html?sec=topStories&pos=2&asset=&ccode=

Moody’s: US government’s ‘Aaa’ rating is stable
Moody’s says US government’s ‘Aaa’ rating is stable despite country’s growing debt [/quote]

Well, apparently investors aren’t buying it:

“New Investor Worry: Treasury Selloff Spiking Interest Rates”

But hey, PatientRenter says Bernanke should be able to put a stop to these interest rate hikes – so we should be just fine. I’ll go back to bed now and dream of lollipops and unicorns…

http://www.cnbc.com/id/30968861

[partypup]

[quote=flu][quote]
“Garnering attention is the risk the United States could lose its triple-A sovereign credit rating, which reflects the chance of the borrower defaulting on its debt.”
[/quote]

Well, apparently, not losing the AAA rating…..yet….

http://finance.yahoo.com/news/Moodys-US-governments-Aaa-apf-15359171.html?sec=topStories&pos=2&asset=&ccode=

Moody’s: US government’s ‘Aaa’ rating is stable
Moody’s says US government’s ‘Aaa’ rating is stable despite country’s growing debt [/quote]

Well, apparently investors aren’t buying it:

“New Investor Worry: Treasury Selloff Spiking Interest Rates”

But hey, PatientRenter says Bernanke should be able to put a stop to these interest rate hikes – so we should be just fine. I’ll go back to bed now and dream of lollipops and unicorns…

http://www.cnbc.com/id/30968861

[partypup]

[quote=flu][quote]
“Garnering attention is the risk the United States could lose its triple-A sovereign credit rating, which reflects the chance of the borrower defaulting on its debt.”
[/quote]

Well, apparently, not losing the AAA rating…..yet….

http://finance.yahoo.com/news/Moodys-US-governments-Aaa-apf-15359171.html?sec=topStories&pos=2&asset=&ccode=

Moody’s: US government’s ‘Aaa’ rating is stable
Moody’s says US government’s ‘Aaa’ rating is stable despite country’s growing debt [/quote]

Well, apparently investors aren’t buying it:

“New Investor Worry: Treasury Selloff Spiking Interest Rates”

But hey, PatientRenter says Bernanke should be able to put a stop to these interest rate hikes – so we should be just fine. I’ll go back to bed now and dream of lollipops and unicorns…

http://www.cnbc.com/id/30968861

[Coronita]

[quote=partypup][quote=flu][quote]
“Garnering attention is the risk the United States could lose its triple-A sovereign credit rating, which reflects the chance of the borrower defaulting on its debt.”
[/quote]

Well, apparently, not losing the AAA rating…..yet….

http://finance.yahoo.com/news/Moodys-US-governments-Aaa-apf-15359171.html?sec=topStories&pos=2&asset=&ccode=

Moody’s: US government’s ‘Aaa’ rating is stable
Moody’s says US government’s ‘Aaa’ rating is stable despite country’s growing debt [/quote]

Well, apparently investors aren’t buying it:

“New Investor Worry: Treasury Selloff Spiking Interest Rates”

But hey, PatientRenter says Bernanke should be able to put a stop to these interest rate hikes – so we should be just fine. I’ll go back to bed now and dream of lollipops and unicorns…

http://www.cnbc.com/id/30968861
[/quote]

I prefer when you talk about guns and ammo frankly 🙂

I hear California is for sale and that Governator has a list foreign soveriegnties that made it onto the short list of buyers 🙂

Anyone interested in pooling together money to purchase the LA Coliseum and the Del Mar Fairgrounds?

http://www.thoroughbredtimes.com/national-news/2009/May/15/Sale-of-Del-Mar-Fairgrounds-proposed.aspx

http://www.nbclosangeles.com/sports/football/usc/LA-Coliseum-For-Sale-in-Revised-Budget-Plan-Report.html

How does “Piggington Fairgrounds” or “Piggington Coliseum” sound?

[Coronita]

[quote=partypup][quote=flu][quote]
“Garnering attention is the risk the United States could lose its triple-A sovereign credit rating, which reflects the chance of the borrower defaulting on its debt.”
[/quote]

Well, apparently, not losing the AAA rating…..yet….

http://finance.yahoo.com/news/Moodys-US-governments-Aaa-apf-15359171.html?sec=topStories&pos=2&asset=&ccode=

Moody’s: US government’s ‘Aaa’ rating is stable
Moody’s says US government’s ‘Aaa’ rating is stable despite country’s growing debt [/quote]

Well, apparently investors aren’t buying it:

“New Investor Worry: Treasury Selloff Spiking Interest Rates”

But hey, PatientRenter says Bernanke should be able to put a stop to these interest rate hikes – so we should be just fine. I’ll go back to bed now and dream of lollipops and unicorns…

http://www.cnbc.com/id/30968861
[/quote]

I prefer when you talk about guns and ammo frankly 🙂

I hear California is for sale and that Governator has a list foreign soveriegnties that made it onto the short list of buyers 🙂

Anyone interested in pooling together money to purchase the LA Coliseum and the Del Mar Fairgrounds?

http://www.thoroughbredtimes.com/national-news/2009/May/15/Sale-of-Del-Mar-Fairgrounds-proposed.aspx

http://www.nbclosangeles.com/sports/football/usc/LA-Coliseum-For-Sale-in-Revised-Budget-Plan-Report.html

How does “Piggington Fairgrounds” or “Piggington Coliseum” sound?

[Coronita]

[quote=partypup][quote=flu][quote]
“Garnering attention is the risk the United States could lose its triple-A sovereign credit rating, which reflects the chance of the borrower defaulting on its debt.”
[/quote]

Well, apparently, not losing the AAA rating…..yet….

http://finance.yahoo.com/news/Moodys-US-governments-Aaa-apf-15359171.html?sec=topStories&pos=2&asset=&ccode=

Moody’s: US government’s ‘Aaa’ rating is stable
Moody’s says US government’s ‘Aaa’ rating is stable despite country’s growing debt [/quote]

Well, apparently investors aren’t buying it:

“New Investor Worry: Treasury Selloff Spiking Interest Rates”

But hey, PatientRenter says Bernanke should be able to put a stop to these interest rate hikes – so we should be just fine. I’ll go back to bed now and dream of lollipops and unicorns…

http://www.cnbc.com/id/30968861
[/quote]

I prefer when you talk about guns and ammo frankly 🙂

I hear California is for sale and that Governator has a list foreign soveriegnties that made it onto the short list of buyers 🙂

Anyone interested in pooling together money to purchase the LA Coliseum and the Del Mar Fairgrounds?

http://www.thoroughbredtimes.com/national-news/2009/May/15/Sale-of-Del-Mar-Fairgrounds-proposed.aspx

http://www.nbclosangeles.com/sports/football/usc/LA-Coliseum-For-Sale-in-Revised-Budget-Plan-Report.html

How does “Piggington Fairgrounds” or “Piggington Coliseum” sound?

[Coronita]

[quote=partypup][quote=flu][quote]
“Garnering attention is the risk the United States could lose its triple-A sovereign credit rating, which reflects the chance of the borrower defaulting on its debt.”
[/quote]

Well, apparently, not losing the AAA rating…..yet….

http://finance.yahoo.com/news/Moodys-US-governments-Aaa-apf-15359171.html?sec=topStories&pos=2&asset=&ccode=

Moody’s: US government’s ‘Aaa’ rating is stable
Moody’s says US government’s ‘Aaa’ rating is stable despite country’s growing debt [/quote]

Well, apparently investors aren’t buying it:

“New Investor Worry: Treasury Selloff Spiking Interest Rates”

But hey, PatientRenter says Bernanke should be able to put a stop to these interest rate hikes – so we should be just fine. I’ll go back to bed now and dream of lollipops and unicorns…

http://www.cnbc.com/id/30968861
[/quote]

I prefer when you talk about guns and ammo frankly 🙂

I hear California is for sale and that Governator has a list foreign soveriegnties that made it onto the short list of buyers 🙂

Anyone interested in pooling together money to purchase the LA Coliseum and the Del Mar Fairgrounds?

http://www.thoroughbredtimes.com/national-news/2009/May/15/Sale-of-Del-Mar-Fairgrounds-proposed.aspx

http://www.nbclosangeles.com/sports/football/usc/LA-Coliseum-For-Sale-in-Revised-Budget-Plan-Report.html

How does “Piggington Fairgrounds” or “Piggington Coliseum” sound?

[Author]

Posts