By: juancho

juancho — Sun, 20 May 2012 11:08:44 +0000

I love how Moody’s and S&P are downgrading EVERYTHING, EVERYWHERE except for the United States, obviously. Why don’t they rate the current situation of the U.S’s Federal Reserve Bank? I’d LOVE to see how they’ll do ANYTHING to hide to the public that American DEBT rises to 14 TRILLION DOLLARS. THAT IS MORE THAN TRIPLE THAN THE EUROPEAN DEBT, PEOPLE. This American debt is actually way bigger than their very own annual GDP, which Spain, for example, isn’t suffering as badly from it. But here we have these corrupted rating agencies, creating negative effects on the crisis and ON PURPOSE, to everyone except their very own banks. THIS IS WRONG.

I’m tired of the American government being the only one in the world and in this crisis who is constantly printing and injecting money to their economy (which will cause severe inflation in the future) when the rest of the world is going the hard way and trying to regain lost money by any means possible, EXCEPT ECONOMIC INJECTION.
THE U.S.A IS TAKING MEASURES THAT UNDEVELOPED COUNTRIES USUALLY WORK WITH, AND THOSE SO CALLED “LESS DEVELOPED” COUNTRIES ARE TAKING MEASURES THAT COUNTRIES LIKE THE U.S.A SHOULD BE TAKING RIGHT NOW. I’m sorry for you North Americans, since these measures will severely affect the U.S in the near and far FUTURE. Just one example to finish, Zimbabue is the second country in the world that prints more money in the world after the U.S. The economic result is Zimbabwe is the following: 1€ equals 50 TRILLION Zimbabwean dollars. This will not get at ease until the end of this century for them. Obviously not in the same scale, but at this pace the U.S is gonna end up (in 10-20 years from now) worse than the Spanish, Italian or Irish situation.

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Comments on: Moody’s cuts ratings of 16 Spanish banks

By: juancho