Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Tuesday, August 9, 2011

The S&P Debt Downgrade: What It Means

Great analysis by Roberts. The downgrade of US bonds was entirely for effect.

http://www.informationclearinghouse.info/article28800.htm