Originally Posted By: sinij

The only valid "credit rating" is interest rate, and according to it people are willing to lose money to hold US Treasures.

These downgrades are nothing but banksters playing 5th column in politics.


You really have no idea what is really going on do you?

You do realize that part of the problem here is the Fed is *artificially* holding down interest rates.

If T-bills dont sell, they just put them on their own balance sheet.

I cant believe you are cheering on the Fed as they destroy our currency and capital markets.

The ratings agencies are right to downgrade our credit rating. Whether they are doing so because they finally are doing their job correctly or trying to make a political point is moot- even a stopped clock is right twice a day, and the ratings agency was right this time.

For who could be free when every other man's humour might domineer over him? - John Locke (2nd Treatise, sect 57)