An "erosion of governance". Definitely what I want. Protect the borders and protect against foreign invasion is the only thing that the federal government is needed for. They aren't doing it so let the states. Dissolve Washington, DC. And the FED along with it.
"A few words on the reasons behind the downgrade: Fitch pointed out the prolonged discussions on debt ceiling show ‘’deterioration in the standards of governance’’ and the rating agency also sees an economic downturn ahead which is likely to weaken government finances further." (Source: Alfonso Peccatiello of The Macro Compass)
why not just default now. Eventually everyone will have to and it would seem to me that a "First in First out" policy would be a strategy to consider. I do believe that if the US folds it will drag almost everyone along with it and if we take the lead we could benefit substantially. I mean the numbers speak for themselves and it (default) will certainly happen eventually so about all we can control now is the timing. Lets make it our friend. Sure it will be tough but perhaps less tough than in 2,3 or 5 years from now
Fitch must have been ordered to do the downgrade by the PTB (who also own the Central Banks)- just another step in the controlled demolition of the system.
Mike at Bloomberg just reporting jobs numbers states the Fed gets a different set of numbers then we do. They run it through their own model. Sounds like Greg telling us there are always two sets of books.
Fitch is being generous with the grading. If they were to be honest. Heads will roll
An "erosion of governance". Definitely what I want. Protect the borders and protect against foreign invasion is the only thing that the federal government is needed for. They aren't doing it so let the states. Dissolve Washington, DC. And the FED along with it.
Thanks for the update Greg! As usual they are a day late and a dollar short!🤣🙏🏼
As expected
No surprise Moodys (liars that they are) affirmed AAA.
Even a "D" rating is too high.
"A few words on the reasons behind the downgrade: Fitch pointed out the prolonged discussions on debt ceiling show ‘’deterioration in the standards of governance’’ and the rating agency also sees an economic downturn ahead which is likely to weaken government finances further." (Source: Alfonso Peccatiello of The Macro Compass)
why not just default now. Eventually everyone will have to and it would seem to me that a "First in First out" policy would be a strategy to consider. I do believe that if the US folds it will drag almost everyone along with it and if we take the lead we could benefit substantially. I mean the numbers speak for themselves and it (default) will certainly happen eventually so about all we can control now is the timing. Lets make it our friend. Sure it will be tough but perhaps less tough than in 2,3 or 5 years from now
It's just the beginning of a downhill slide brought about by our favorite drunken sailors in Washington DC. https://quislings.substack.com/p/quislings-b9c
USA has been a shithole since afta
I would say BB is more realistic.
More like a C-. I just rewatched "The big short" again. A good reminder how manipulated things are.
I wonder if Moodys and Standard and Poors will also be downgrading the US credit rating in the coming weeks and months
What took them so long ?
Hats off to them - to having f.. Guts To step up and call it out.
Shame on the politicians and f… financial system. Printing trillions out of thin air, and thinking no consequences
Fitch must have been ordered to do the downgrade by the PTB (who also own the Central Banks)- just another step in the controlled demolition of the system.
Mike at Bloomberg just reporting jobs numbers states the Fed gets a different set of numbers then we do. They run it through their own model. Sounds like Greg telling us there are always two sets of books.
there are two sets of books in every agency, institution, business and government. rhis is how they con and scam the plebs.
And two sets of idiots that believe them. I quit believing them in '98.