Sacre bleu! Market has downgraded France.

Source

NEW YORK (CNNMoney) -- Standard and Poor's only downgraded the credit rating of the United States on Friday. But the financial markets have picked up where S&P left off and essentially decided to downgrade much of Europe too.

It appears that one of the unintended consequences of S&P's decision to cut the U.S. to AA+ from AAA is that investors have begun to question why nations like France, the United Kingdom and, to a much lesser extent, even uber-strong Germany should still have perfect credit ratings.

But it is France that is really feeling the brunt of the market's doubts right now.

Well, just another domino in this sequence of events.

The veil is being lifted throughout the world and it is becoming more and more obvious there is something wrong with our financial systems.

It's sad that it takes the whole house falling down for people to realize something's wrong.

Any thoughts?

Pred...

Star and Flag for thread title! (and information)

It's just the american investors trying to get their money out of europe without too much losses.
And I thought you just had enough of the blaming game, but it seems we're in for another round.

The US says Europe must take action because it's their fault.
The Europe says the US must take action because it's their fault.

And the markets are in the scam with the politicians. If not, why didn't they make public the results of the stress tests ?

Nooooooo, uncertainty, doubts and rumors are better for business than the honest truth.

You said it, OP "the veil is being lifted!" Satan has but a short time and he wants to take the world with him when he goes down into perdition. That is the crux of the consolidation you see going on right now.

No man comes to the father but by the son, Jesus Christ. Coming soon, but not before we have some trouble down here!

Originally posted by predator0187
Well, just another domino in this sequence of events.

The veils is being lifted throughout the world and it is becoming more and more obvious there is something wrong with our financial systems.

It's sad that it takes the whole house falling down for people to realize something's wrong.

Any thoughts?

Pred...

Yeah, the problem with our financial systems is that we put economists in charge of it. Doing so is no different than putting alchemists in charge of health policy.

I guess as long as the blame game is running we'll see this continue.. and China will sit on the sidelines giggling at the in fighting.

As always a few will profiteer off the back of this they way they did in the 30s... to which all I can say is that I hope we don't end up facing the same outcome as back then.

Hell they should downgrade Germany too... unless Germany mans up and refuse any other bailout.

France should be downgraded too.... they keep bailing out all the other failed countries in Europe.

reply to post by Vitchilo


well, there will come a point where "downgrade" is effectively meaningless. And as noted, this isn't even from an actual ratings organization, it's simply the finance class working to destroy national economies to make more money for themselves.

All hail Mammon.

reply to post by TheWalkingFox


I would think that's what the word downgrade means now.

Everything is controlled, so if thisis happening it's happening for a reason...

Pred...