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Portugal national debt got BB junk bond rating. Are we on the same path?

Posted on | November 24, 2011 | 1 Comment

https://www.marketwatch.com/story/fitch-cuts-portugal-credit-rating-to-junk-status-2011-11-24?reflink=MW_news_stmp

Category: Uncategorized

Comments

One Response to “Portugal national debt got BB junk bond rating. Are we on the same path?”

  1. Carl Manning
    November 24th, 2011 @ 3:24 pm

    The following information should be going viral. Faux News and much of the Mind Control Media are covering for these criminals in DC. What is so sick about the US credit rating inevitably going down is that scoundrels like the GOP Majority Whip, Eric Cantor, have positioned themselves to prosper over the financial destruction of the country! Cantor was highly instrumental in devising the debt debacle and creating the un-Constitutional Super Committee, which was intentionally designed to fail and lower the US credit rating. Now we know why the Son of a Bitch walked out of the budget negotiations.

    h ttp://www.republicansforobama.org/node/9469

    “…Eric Cantor has shares in a company that is betting against the US Treasury Bonds. For the WSJ (Rupert Murdoch’s mouthpiece) to report this, they must be really pissed off. This is the green light for the rest of the media to pick it up.

    House Minority Whip Eric Cantor (R-VA) has often expressed concern for how Obama administration policies are supposedly a “grave danger to America’s prosperity.” Now, the Wall Street Journal finds that Cantor actually invests in an exchange-traded fund that “takes a short position in long-dated government bonds” — effectively betting against the U.S. Treasury bonds that the government uses to fund its operations:

    Cantor, the Republican whip in the House of Representatives, bought up to $15,000 in shares of ProShares Trust Ultrashort 20+ Year Treasury ETF last December, according to his 2009 financial disclosure statement. The exchange-traded fund takes a short position in long-dated government bonds. In effect, it is a bet against U.S. government bonds — and perhaps on inflation in the future…”

    h ttp://hotair.com/archives/2010/05/04/congress-bet-against-the-american-economy/

    h ttp://my.firedoglake.com/iflizwerequeen/2011/07/09/members-of-congress-and-their-spouses-place-wall-street-bets-against-the-usa/

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