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U.S.'s Aaa Debt Rating Placed on Review for Possible Downgrade by Moody's

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posted on Jul, 13 2011 @ 04:32 PM
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U.S.'s Aaa Debt Rating Placed on Review for Possible Downgrade by Moody's


www.bloomberg.com

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.

(visit the link for the full news article)



posted on Jul, 13 2011 @ 04:32 PM
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This certainly isn’t good news, but the question remains: is this real or just pressure from the financial community, a shot across the bow, to congress and the president to come to some agreement on the debt ceiling? Furthermore, what impact will the rating agency's warning have on the negotiations?

www.bloomberg.com
(visit the link for the full news article)



posted on Jul, 13 2011 @ 04:34 PM
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Another ploy by the bankers to scare the people into inslave themself into more debt.

We need to hold the line!
edit on 13-7-2011 by camaro68ss because: (no reason given)



posted on Jul, 13 2011 @ 04:35 PM
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reply to post by SirMike
 


This is the financial equivalent of 'pay up or we'll send the boys round'.


Its all theatre of course. A default wont be allowed.



posted on Jul, 13 2011 @ 04:40 PM
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Won't happen, just a show.



posted on Jul, 13 2011 @ 04:46 PM
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Originally posted by Mdv2
Won't happen, just a show.


gold up more than 45 dollars in the last 2 days...the republicans in congress want to bring this president down...no matter what happens to the country.

the only people saying it's just a show, are people that DO NOT get to vote on it.



posted on Jul, 13 2011 @ 04:51 PM
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reply to post by SirMike
 


My response to the other thread on this works just as well here -

Please see this thread covering the topic earlier. Not increasing the debt ceiling does NOT mean default, it means they can't go further in debt. We've got enough money to meet obligations for the time being and they can also simply decide to not go further in debt by continuing to spend even more money we don't have.

It's like you or I, with a maxed-out credit card. Instead of getting our spending under control and addressing the balance we've got, these knuckleheads want to keep calling the card company and getting their credit limit raised. This in ITSELF should be enough to downgrade our credit rating, honestly...but regardless, default is NOT what we're talking about here. They're just scare mongering to get the credit limit raised so they can max the card out yet again.

And it's all stupid.



posted on Jul, 13 2011 @ 05:07 PM
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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?



posted on Jul, 13 2011 @ 05:09 PM
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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?


thats a great point, key word FAITH, and CREDIT



posted on Jul, 13 2011 @ 05:14 PM
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The us does not need to borrow money if the US would just re-visit its destructive spending policies. 2 wars, (now 3 with Libya in the mix.) social programs like welfare and unemployment. we cant have these programs forever, not to mention that congress should have the ability to coin its own money instead of borrowing it from the central bank. Congress wouldn't need to pay any interest at all. we can find savings in that capacity. Also money is debt. the only thing that money is backed by is debt itself with interest rates that can never be paid back ever.

Example: I have 2 rocks. 2 rocks that are on of a kind and you want to borrow these two rocks from me. I say sure, as long as you pay me back 3 rocks of the same kind on time then you can borrow them. Since these two rocks are one of a kind, where would the 3rd rock come from if there are only 2 in existence? this is how our fed works. they loan the US money that it can never pay back. All our taxes do is pay the interest on the money borrowed. we can never pay it back. so until then, this whole debt ceiling and triple A rating crap is nothing but financial terrorism coming from all heads of state. so, let the debt bubble pop. perhaps something constructive will come of this if congress decides enough is enough and starts coining their own money.

This whole debt ceiling scare mongering fright fest is really getting annoying!



posted on Jul, 13 2011 @ 11:23 PM
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Here's the NYT "Balance the budget" interactive from last year - have a play and see how you could do



www.nytimes.com...



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