F you american dollar

[Mandrad]

USA is declaring war to europe, or if you prefer, dollar is declaring war to euro.
For years and years, USA has "solved" its economic problems by making money, although not developing its economy. In result, dollar keeps falling and falling.
Yesterday, 3 american rating company reported considering my country as garbage in terms of trust. Garbage? Mother ****ers. You mother ****ers.
Portugal has made errors like most of the countries did, and those arised with latest economic crisis... who brought it?...
Hopefully, Europe will gather fast, and kick that mother ****ing rating companies opinion to where it belongs. These are the same companies that didnt predit important crisis. The companies who MAJOR FAILED before in diferent situations.
Why should one consider the "opinion" of companies, that protect but their clients, and having those influentiate the path of economics? When they ****-up, their not judged for that.
My dear country will get in deep **** due to this report. Clean your **** and stop ****ing around.

RAGE

[Urpee]

To know just how helpful those rating agencies are, consider that the banks that tanked the world economy maintained a triple-A rating (best possible) right until they collapsed. Some of the banks that survived thanks to massive economic intervention to rescue them from going under for tanking the world economy still have said rating, along with record profits.

Yes credit rating are a very dubious concept. So are many financial instruments we use today. And yes people, and whole countries get rail-roaded by it all.

[classicallad]

you mad bro?

[Mandrad]

Originally Posted by classicallad

you mad bro?

Nah, im cool.

F*ck You Fitch. F*ck You Moody's. F*ck You Standard & Poor's.

[Premier Stalin]

The Euro is bad. Multinational currencies fail. Europe is fail.

Long live the UK. And our glorious £.

[elxir]

SEC passed/is considering bill that will prevent ratings from being on some disclosure documents afaik

pulled this sentence out my ass so the terminology may not be spot on

[elxir]

also, european economies are much smaller than the USA's, and they simply cannot afford to **** up as badly as we can

[tyr]

Originally Posted by elxir

also, european economies are much smaller than the USA's, and they simply cannot afford to **** up as badly as we can

I'll laugh my ass off when the US will collapse under its massive debt and China will take over as world's first power.

Yes, it will happen. It's only a matter of time.

[Flight 666]

Brazilian gov buy a large quanty of USD everyday to remove dollars from brazilian market couse Real is better valorized, couse a low rated USD sucks for exportation of our products

[Tekn0]

ZE GERMANS ROCK!!

kthxbai.

[Ajuk999]

I don't understand "who, what, when, where, why" and definitely "how" about Mandrad's post.

[Mandrad]

Originally Posted by Premier Stalin

The Euro is bad. Multinational currencies fail. Europe is fail.
Long live the UK. And our glorious £.

God save the Queen
cos tourists are money
And our figurehead
Is not what she seems

Originally Posted by Ajuk999

I don't understand "who, what, when, where, why" and definitely "how" about Mandrad's post.

Then ur fine, i guess...

[elxir]

Originally Posted by Ajuk999

I don't understand "who, what, when, where, why" and definitely "how" about Mandrad's post.

that's because you're still in classes called "geography"

[Ajuk999]

This thread is just so lolzy.

[Mt.Vesuvius]

Originally Posted by Mandrad

F*ck You Fitch.

You hate abercrombie that much?

[Demuyt]

YAY LETS ALL GET MAD ABOUT POLITICS AND GET MOAR QQ
QQ
QQ
QQ
QQ

Thread closed.