posted on Sep, 11 2012 @ 02:15 PM
Who is Moody, but only a mortal profit based agency?
What is more important? The lives of citizen or a 'downgrade' from a rating agency? It's a no brainer.
Let them do their thing while american leaders do theirs, for what is necessary.
Furthermore, with a downgrade, where do you think investors and hoarders will park their monies? China - with no rule of law? Russia - land of
corruption? India - no need to say more. Islamic bonds - limited and where duplicity abounds to get fast cash?
Getting loans from the bond market to CIRCULATE $$$ to stimulate the economy may see a rise in interest rate, but with a money printing machine, what
is 'higher interest rate' when the very same people are hoarding their monies in US and paying in return for such safety?
By all means, go ahead. It will bring down the dollar, cut excessive consumption by the masses while making the dollar drop to become more attractive
to foreigners looking for innovative, trusted and quality american products to import.
It should be eagerly awaited today, and probably the best news for the economy in months.
edit on 11-9-2012 by SeekerofTruth101 because: (no