Rating agency mulls reviewing U.S. debt rating

The day of reckoning that would eventually come to pass for the US economy has finally arrived.The reckless printing of fiat currency, enormous sovereign debt, overpriced real estate markets, and banks gone wild were a disaster in the making.

It's also true the US has avoided default up to now because helicopter Ben Bernanke has been busy wildly printing more fiat currency, and the dollar has continued to plunge, both in real value as well as perceived value. Things that may have seemed unthinkable five years ago are now probable.

The collapse in the value of the US dollar will definitely unleash a chain of events which the US administration won't be able to stop.For example, the U.S. dollar could very likely lose its reserve currency status on the global market. OPEC may also decide it simply can no longer afford to price oil in U.S. dollars, and pull the plug. They may opt to price oil in a gold-backed dinar to avoid all the currency risk. China may also decide to further diversify out of U.S. dollars.
American consumers are absolutely devastated by a falling U.S. dollar, rising commodity prices, and some of the worst unemployment in living memory.It suffices to say that real inflation and unemployment figures are more that double the official ones-government manipulation.

Bernake has already started talking about QE3? Bankfrupt ideas from yesterdays economists. Printing more money just makes the whole thing worse - AAA? Don't make me laugh. These are the people who gave derivatives based on sub-prime mortgages AAA status - before they proved to be worthless junk.


Unfortunately there will be no soft landing for the U.S. That's because the debt hole that has been dug all of these years is simply too big. And as the debt ceiling debacle continues, it only serves to fan the flames of an already blazing fire.I am certain that there won't be a happy ending here.

"Ratings agency Moody's may cut U.S. AAA debt rating due to the rising possibility the country would default on its debt obligations, the BBC reported."

I think it should have been cut a long time ago! In fact, I think not merely cut but slashed to the bone aka junk status! http://www.federalbudget.com/

A new ratings agency is yet to be born: Moody & Poor.

This must be serious since moody's gives Aaa ratings to junk bonds. This means america's debt is worse than junk bonds? WELCOME TO IRELAND!
Call me O'JohnBoy

As Moody’s is a western rating agency things must be bad in the US for them to come out with such a statement. Let’s face it the Asian financial system has for the last 2 years secretly placed the US into BBB-. Although this fact has never been published its little signs which give this fact away such as China is using Australian dollars not US.

In the last 3 days a high-ranking Chinese delegation was in Australia and they told a press conference in Sydney that China pays its bills with Australian dollars only. When asked why? One official replied that the US dollar was suffering from “inconsistencies in value” (translation – its on shaky ground)

A new ratings agency is yet to be born: Moody & Poor.

The day of reckoning that would eventually come to pass for the US economy has finally arrived.The reckless printing of fiat currency, enormous sovereign debt, overpriced real estate markets, and banks gone wild were a disaster in the making.

It's also true the US has avoided default up to now because helicopter Ben Bernanke has been busy wildly printing more fiat currency, and the dollar has continued to plunge, both in real value as well as perceived value. Things that may have seemed unthinkable five years ago are now probable.

The collapse in the value of the US dollar will definitely unleash a chain of events which the US administration won't be able to stop.For example, the U.S. dollar could very likely lose its reserve currency status on the global market. OPEC may also decide it simply can no longer afford to price oil in U.S. dollars, and pull the plug. They may opt to price oil in a gold-backed dinar to avoid all the currency risk. China may also decide to further diversify out of U.S. dollars.
American consumers are absolutely devastated by a falling U.S. dollar, rising commodity prices, and some of the worst unemployment in living memory.It suffices to say that real inflation and unemployment figures are more that double the official ones-government manipulation.

Bernake has already started talking about QE3? Bankfrupt ideas from yesterdays economists. Printing more money just makes the whole thing worse - AAA? Don't make me laugh. These are the people who gave derivatives based on sub-prime mortgages AAA status - before they proved to be worthless junk.


Unfortunately there will be no soft landing for the U.S. That's because the debt hole that has been dug all of these years is simply too big. And as the debt ceiling debacle continues, it only serves to fan the flames of an already blazing fire.I am certain that there won't be a happy ending here.

"Ratings agency Moody's may cut U.S. AAA debt rating due to the rising possibility the country would default on its debt obligations, the BBC reported."

I think it should have been cut a long time ago! In fact, I think not merely cut but slashed to the bone aka junk status! http://www.federalbudget.com/

This must be serious since moody's gives Aaa ratings to junk bonds. This means america's debt is worse than junk bonds? WELCOME TO IRELAND!
Call me O'JohnBoy

As Moody’s is a western rating agency things must be bad in the US for them to come out with such a statement. Let’s face it the Asian financial system has for the last 2 years secretly placed the US into BBB-. Although this fact has never been published its little signs which give this fact away such as China is using Australian dollars not US.

In the last 3 days a high-ranking Chinese delegation was in Australia and they told a press conference in Sydney that China pays its bills with Australian dollars only. When asked why? One official replied that the US dollar was suffering from “inconsistencies in value” (translation – its on shaky ground)