Comments on: US government loses triple-A credit rating https://www.eutimes.net/2011/08/us-government-loses-triple-a-credit-rating/ We deliver exclusive hidden news that you won't just find anywhere, information that nobody wants you to know about. Updated 1 minute ago. Sat, 26 Jan 2013 16:22:28 +0000 hourly 1 https://wordpress.org/?v=6.5 By: The Good Ol' Boys https://www.eutimes.net/2011/08/us-government-loses-triple-a-credit-rating/comment-page-1/#comment-28874 Sun, 07 Aug 2011 12:53:48 +0000 http://www.eutimes.net/?p=15525#comment-28874 I guess this means America will never land a man on the moon and return him safely to earth.

There was Buck Rodgers but the moon was a bit absent in the Intro.

Apparently they had no direct access to the papier mache moon at Langley.

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By: JanB https://www.eutimes.net/2011/08/us-government-loses-triple-a-credit-rating/comment-page-1/#comment-28864 Sun, 07 Aug 2011 02:44:03 +0000 http://www.eutimes.net/?p=15525#comment-28864 All US rating agencies provided AAA rating for banks which were peddling mortgage backed securities and other financial garbage, despite the knowledge these debt instruments were designed to fail (and to reward those having bet on failure (by itself criminal already)).

The same US rating agencies were involved in downgrading the debt of Greece (and now Ireland, Portugal, Spain, Italy etc.)as to support the Wall Street (and London) gambling circus that has made huge bets on the collapse of EMU and even the EU itself as to make much more profit than from the increased interest on loans these countries have to pay due to downgrading.

This, despite the financial debacle of 2008: the USA has outsourced production to China and India, and the Wall Street gambling circus is the only “industry” to make the big bucks – while being the world’s only financial parasite, driving prices up without adding any value but instead, causing death and destruction even in the USA.

Had these rating agencies not been corrupt, US debt would have been downgraded long before the 2008 crisis as any real economist could have constructed a picture of US liabilities before this was published:
http://thenewamerican.com/economy/commentary-mainmenu-43/4417-true-federal-debt-202-trillion-kotlikoff-says
Compared to that HUGE and UNPAYABLE debt, the PIIGS countries are piggy banks!

The only rating agency with some credibility is the Chinese Dagong agency.

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