Euro Zone Debt for January 13: S&P Downgraded the credit rating of 9 EuroZone Countries. Ratings for Italy, Portugal, and Span were lowered by two notches.
European downgraded happened on Friday. The question is, what will that do to the EFSF (European Financial Stability Fund) that was downgraded today? So now, what will the reaction be? True, the downgrade only went down to AA+ from AAA. That small downgrade is still considered a top-notch investment but they are still on a watch.
UK 0.4% Today Italy 1.4% Today France 0.9% Today
Spain 0.01% Today Portugal 0.9% Today
(Moody Decided Not to Downgrade France Today)
In addition, Austria, Slovakia, Slovenia, Malta, Cyprus were downgraded as well. The general opinion is that this downgrade will probably have a more negative affect as it goes further into the week.
The discussion on Neil Cavuto today asked, if this situation will affect the U.S. because we are exposed to what happens in Europe? That’s a good question because we are looking at $1.5 Trillion that European governments have for the PIIGS (Portugal, Italy, and Span. In the United States, we are looking at $5 Billion of European exposure of the Bulge Bracket Banks (the JP Morgans and Bank of Americas of the world) so yes, if there is a default, there will be an impact on our US banks here.
The average person like me probably doesn’t understand most of what this discussion means but we do recognize that something is going on that could affect us badly in the days ahead. How much this will affect us depends on how far this downgrading problem goes in Europe.
All we can do is try to get our affairs in order the best we can and then settle down for the chaos that’s coming. I know, I know, I sound like a crazy and a radical, and that’s okay. If I am wrong then yahoo. But I can’t be too far off because the handwriting is on the wall and written in prophecy.
The website set up at www.Specials.OurDayShopping.com was originally set up to sell items for people to prepare themselves but people seemed leery of buying from me since they didn’t know much about me, either that or they don’t believe trouble is coming. I’ve closed the store for now, but I still get notification of specials from vendors so now I am posting those offers for you to use. Go there and see what is offered and then click on the links that will take you straight to the vendors site. Please, use this opportunity to get yourself set up with things you need now…especially food and seeds. Specials.OurdayShopping.Com/2012/01/13/New-Emergency-Essentials-Sales-Update
Let me explain that seeds are important because calamity will destroy our food supply. We will need to replant our food. The problem is that the seeds and plants you get in the stores are hybred, which means they have been genetically altered and so they will not reproduce — that means you can’t plant seeds from their harvest because they won’t grow. You need to buy Heirloom Seeds also, which you will see a link for here on the front page and on the site as well.
If you want to buy precious metals to diversify your money in case the dollar fails, go to http://www.kitco.com/market/.
Also check into the links below for alternative ways of living, heating, and cooking at RdaysNetwork.com
Make Your Own Solar Panels
Presentation about to be taken down – watch it now: Click Here To Watch The Video Presentation Now … Un-altered Emergency Heirloom Seeds