Chinese ratings agency downgrades US debt!

[bakemeacookie]

Lower standard of living here we come! This is like someone lowering your credit rating from 800 to 700.

Our messiah better go over there and start kissing chinese asses again to buy our debt!

A Chinese ratings agency has downgraded US debt again from AA To A+ and says the outlook is negative. The time has come! InvestmentWatch

Monetization = default. Creditors are not going to take it sitting down.

Dagong has downgraded the local and foreign currency long term sovereign credit rating of the United States of America (hereinafter referred to as “United States” ) from “AA” to “A+“, which reflects its deteriorating debt repayment capability and drastic decline of the government’s intention of debt repayment.

The serious defects in the United States economic development and management model will lead to the long-term recession of its national economy, fundamentally lowering the national solvency. The new round of quantitative easing monetary policy adopted by the Federal Reserve has brought about an obvious trend of depreciation of the U.S. dollar, and the continuation and deepening of credit crisis in the U.S. Such a move entirely encroaches on the interests of the creditors, indicating the decline of the U.S. government’s intention of debt repayment. Analysis shows that the crisis confronting the U.S. cannot be ultimately resolved through currency depreciation. On the contrary, it is likely that an overall crisis might be triggered by the U.S. government’s policy to continuously depreciate the U.S. dollar against the will of creditors. “In essence, the U.S. government’s move to devalue the dollar indicates its solvency is on the brink of collapse”.

China’s rating is purposeful, to make Bernanke think twice about QE2. They are not the only ones complaining either and the upshot is that Uncle Bengie may have to backtrack a bit on his “endless printing wet dream.”

QE2 is gonna do wonders I bet. Gotta love upward wealth transfers. When the chiense speak, we need to start listening.

Hope you're enjoying your depression, YES WE CAN!.

c

 

[bakemeacookie]

More fun articles. Key theme: Stop the printing presses - Abolish the fed.

John Hussman On Our Fed-Inspired Bubble, Crash, Bubble, Crash, Bubble (etc) Reality | zero hedge

We are betting on the wrong horse. When the Fed acts outside of the role of liquidity provision, it does more harm than good. Worse, we have somehow accepted a situation where the Fed's actions are increasingly independent of our democratically elected government. Bernanke's unsound leadership has placed the nation's economic stability on two pillars: inflated asset prices, and actions that - in Bernanke's own words - should be "correctly viewed as an end run around the authority of the legislature" (see below).

The right horse is ourselves, and the ability of our elected representatives to create an economic environment that encourages productive investment, research, development, infrastructure, and education, while avoiding policies that promote speculation, discourage work, or defend reckless lenders from experiencing losses on bad investments.

"Asset Inflation is not an economic boom".

c

 

[75th]

Lower standard of living here we come! This is like someone lowering your credit rating from 800 to 700.

Our messiah better go over there and start kissing chinese asses again to buy our debt!

A Chinese ratings agency has downgraded US debt again from AA To A+ and says the outlook is negative. The time has come! InvestmentWatch



YES WE CAN!

QE2 is gonna do wonders I bet. Gotta love upward wealth transfers. When the chiense speak, we need to start listening. Hope you're enjoying your depression.

c

The fact that it's a Chinese rating agency tells you all you need to know.

Political posturing and nothing else.

 

[bakemeacookie]

The fact that it's a Chinese rating agency tells you all you need to know.

Political posturing and nothing else.

Who do you think buys our debt? Mexico? Who's paying for your expensive war?

c

 

[-SD-]

Bernankes arrogance is only following obamas arrogance in not taking the electorate seriously. I mean, we all just dont get what obama is trying to do for us, and thats the reason we voted republican. If we could all just understand obamas and bernankes great minds then we would surely get on board with all they are doing.

surely.

 

[75th]

I have a better question:

Do you honestly think China will stop? They're as dependent on our debt as we are on them buying it.

An Econ 101 course will fill you in.

 

[-SD-]

I have a better question:

Do you honestly think China will stop? They're as dependent on our debt as we are on them buying it.

An Econ 101 course will fill you in.

china depends on the US to buy their goods. They arent stopping shit anytime soon.

 

[uamaverick]

fuck those slopes

/racism

 

[75th]

lol @ thinking that a Chinese government controlled ratings agency downgrading the safest investment in the world is anything other than a way to bitch to us that our treasury rates arent as attractive as they used to be.

 

[75th]

Dagong, seeking to become an alternative to S&P, Moody’s and Fitch Ratings, ranks China’s debt higher than that of the U.S. and Japan

oolloololloololloloolloolololololololol