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becomes a revolutionary act.  -- George Orwell

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as I expected, US debt is downgraded and stocks world wide drop

Posted on | August 3, 2011 | 3 Comments

Chinese agency cuts U.S. credit rating Asian stocks fall

We know, that in the  last 3 years Obama was spending nearly twice, what he was taking in via taxes and other revenues. Considering the magnitude of deficits run by Obama, U.S. debt should have been rated as the debt of Greece.

The only reason U.S. debt was not downgraded, as the agencies involved in rating, are complicit in this scheme. Just as Moody’ was complicit in giving AAA rating to the bonds, consisting of bundled junk loans, they are complicit in overrating the U.S. debt.

What is being down, is simply a grand theft of global proportions, which is done in stealth. The house of cards will go down, and with it all of your life savings.

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Comments

3 Responses to “as I expected, US debt is downgraded and stocks world wide drop”

  1. Paul Jackson
    August 3rd, 2011 @ 12:46 pm

    That particular downgrading (if it can be called that) will have absolutely no effect on the interest rates or borrowing power of the U.S.

  2. Chantal
    August 3rd, 2011 @ 3:55 pm

    ..wonder just WHY Moody’s [system of rating securities] gave triple AAA ratings to bogus sub-prime Mortgage bonds..

    Hussein is NOT the only thug America allows to run over..

  3. Chantal
    August 3rd, 2011 @ 3:57 pm

    oops, sorry I only saw the headline, didn’t read all of it yet.. soo sorry.. 🙁

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