Friday, August 5, 2011

US Downgraded = now what?

Bill Bonner, Martin Weiss, Sean Brodrick and some of the big thinkers have warned that the US could lose AAA status and now. according to Standard and Poors - it HAS.

What does this mean.

In a word. FEAR, and losses.

My portfolio tanked so bad, I got an e-mail apology from my money guy.

Rates are going to go to the moon on US paper.

The Bond Vigilantes must be carrying AK-47's, and banana clipped.

Watch the Markets in Asia on Monday.

Very close eye on silver and gold.

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