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Sunday, August 07, 2011

How to solve the downgrade problem!

China may be wagging its collective finger at our financial difficulties, but China has huge problems of its own. So do many other nations. This fact gave me a great idea as to how we can repair the damage done by S&P's downgrade of U.S. Treasury yields.

All we need do is repackage U.S. Treasuries, mix in a whole bunch of currencies like the peso and the ringgit -- for exotic flavoring, y'know? -- and then create a completely new CDO. But call it something else. The result can then be re-rated AAA.

What could go wrong?
Comments:
Is this a joke? You're proposing the "amero" ---- the fake new currency Corsi has been drumming up hysteria over for years? You could be joking....I can't tell.
 
No, I'm not proposing that. Yes, there is humor involved, although I wish you had not made me admit that. Funny stops being funny when it wears a label. Look up what CDOs were.
 
There is a fine line between genius and insanity.
 
Joe, do Libertarians have a sense of humor?
 
Mr. Mike, it's every man for himself, to hack out his own sense of humor. No sharing, no communal standards.

@Joseph...sorry! Even looking up CDO's....I guess I'm one of those who needs the bucket of shit analogies...!
 
BitCoins !!!!
 
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