Friday, June 10, 2011

Beginning of the End? China Ratings House Says U.S. Already Defaulting

Is this the beginning of the end of the American republic? A Chinese ratings house has is already accusing the United States of defaulting on its massive debt.

The accusation comes just one day after Beijing urged government officials to get their financial act together, so to speak.

“In our opinion, the United States has already been defaulting,” said Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese company that gives sovereign ratings.

Guan contends that Washington had already defaulted on its loans by letting the dollar to slip against other currencies, which basically erodes the wealth of other creditors, including China.
More Here..


  1. Get the Message: It's over...Chinese are coming and sooner than u think...check IMF website, they say 2015! Symbols and warnings stare u in the face and still u do nothing...aha we are all goners to this coming Communist Green 1984 tyranny that will micro manage your every move..this has been planned for a very long wanna Die on your Feet or live on your Knees Yanky??

  2. 2008 GFC hits the world...3 yrs on and whats changed?? Where is the Jobs?? No it's all about Carbon Taxes your gonna pay...the game is rigged, and you will be in chaos by 2nd half of next year.
    If u open yor eyes..its there in front of Y'all.
    Amerika the Police State..that celebrates 60yrs since Communist Victory in China on Empire State Bld...if that ain't a wake up call..Fema camps will....revolution calling...Alert good yankies!

  3. Stupid Americans, too concerned about past glories to focus on whats happening now


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