Wednesday, August 3, 2011

China Downgrades America's Credit Rating As Markets Suffer Worst Falls Since 2008 - In Spite Of Obama's Debt Deal

MARK DUELL


Major blow as Chinese leading credit rating agency downgrades rating
Stock market on longest losing streak since meltdown three years ago
Moody's and Fitch sticking at AAA for now but outlook is negative
Agencies warn more needs to be done for U.S. to retain top credit rating
Obama declares end of tax breaks for wealthiest as debt deal passes Senate
Fears intensified today that the deal to raise America's debt ceiling will not stave off a credit rating disaster after the leading Chinese credit agency downgraded U.S. sovereign debt. As an official downgrade of the country's crucial AAA rating inches closer, the Dagong Global Credit Rating Company announced a slide from A+ to A, citing doubts over Washington's ability to pay off its debts.

3 comments:

  1. This is what the sheeple cannot get through their heads. They are not free, their opinions, vote, and wants mean nothing.

    "Poll: Thumbs down on the debt-ceiling deal"

    Yes the vast majority don't want our bloated and corrupt Federal Gov to grow even larger. But that does not matter!

    Just like the bailouts. Over 90% of the 'people' were dead against them. They still got their trillions. Why? Because the politicians work for them, not you. Do you get it yet? Is any of this sinking in? You are a slave with no say on anything.

    Politicians are just window dressing and stage actors. Disassociate yourself from all that nonsense.

    ReplyDelete
  2. >China Downgrades America's Credit Rating As Markets Suffer Worst Falls Since 2008 - In Spite Of Obama's Debt Deal<
    Can you imagine the Kingdom of Crooked Mirrors we live in by looking at the article title? They downgraded US rating not “in spite” of the debt deal, but because of the debt deal. Isn’t this clear to everyone?

    ReplyDelete
  3. So what does this mean - China will have to buy a different fiat currencies.

    ReplyDelete

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