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The U.S. had its Aaa bond rating placed on review for possible downgrade by Moody’s Investors Service, which cited the “rising possibility” that the debt limit won’t be raised on a timely basis.
“There is a small but rising risk of a short-lived default,” Moody’s said.
Originally posted by Mdv2
Won't happen, just a show.
Originally posted by sonofliberty1776
Just remember, our fiat currency is backed by the full faith and CREDIT of the US government. How much is that fiat currency worth when the credit is devalued and when added to QE1 and QE2?