AC360 - John Chambers Of S&P On Why The U.S. Credit Rating Was Downgraded
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Uploaded by SuchIsLifeVideos on Aug 5, 2011
Standard & Poors downgrades U.S. credit rating from AAA to AA+. John Chambers, head of sovereign ratings at S&P, discusses with Anderson Cooper why.
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@sbtobler You want poll numbers? How about this one; Just yesterday Fox, YES, FOX , showed a poll that 79% of Americans view the Tea Party as unfavorable or no opinion. Only 20% have a favorable view of them.
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@thenewmike2012 Yeah right - you might want to check your poll numbers again.
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@thenewmike2012 You seriously believe that lie?
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@sbtobler The government is too small.
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@videoguy604 Because it won't solve the HUGE underlying problem that is really at the core of our issues - BIG government overspending and not being held accountable. They could take 100% of your income as 'revenue' and still be in the same boat. Yeah, that's right, let's throw good money after bad...brilliant.
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@sbtobler Yeah, why not?
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@videoguy604 Why not call it what it really is. Let me help you out. You probably meant to say "Why not give increasing TAXES a try?"
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@AlMayer1100 GOLD is the way,.....it's historical record, is 2nd to NONE,
GOLD + "FULL" RESERVE SYSTEM = HONEST MONEY
PAPER + "FRACTIONAL" RESERVE SYSTEM = SHITTY MONEY
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@sirTittytwister There is only one alternative system. Money is public domain. If your savngs are rising beyond what you'd need to survive for 2 years without income must be confiscated. Otherwise there will always be people who are stealing the money from the circulation and accumulate it. The accumulation of money and the fact that currecies are treated as "goods" are the fundamental problems of all money systems.
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...The Federal Reserve "SYSTEM", is a "rotten" system, it has been rotten from its creation,... and since "it" has power over our money , "it" spoils our money, ...and since money is related to all aspects of Government, "it's rotted our Government,...
FRACTIONAL RESERVE BANKING = FEDERAL RESERVE SYSTEM,...
..(its time to make THE FED, DEAD)
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Why not give increasing REVENUE a try?
videoguy604 6 months ago 14
What a shocking "surprise"!!!.... why did it take this long, anyways,...the whole system is/was flawed from the start (FEDERAL RESERVE SYSTEM)
sirTittytwister 6 months ago 7