When will the US be downgraded????

Quote from dozu888:

people just don't get it.

when you have the worlds strongest armed forces with 50% of the worldwide defense budget, and your currency is the world reserve currency, you hold the world hostage both financially and militarily.... your credit rating is always

AAAAAAAAAAAAAAA
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Hrm... it seems that you don't realize when the ability of US to borrow diminished. The ability to spend on military goes down with it.

Aka, just like the USSR, just wait and it will collapse on itself.
 
ratings don't matter. It could be 11111+ .

The better question: is there enough money out there to buy the supply of treasuries coming to the market?
 
Quote from jasonjm:

if moodys and fitch even think of removing the AAA rating the following will happen

1) a whole alphabet soup of govt organizations will rain down terror on moodys and fitch, create a whole bunch of bogus charges and some real stuff (like not rating subprime debt appropriately during the housing bubble)
2) all the senior employees will end up in the big house
3) the new management will "get the idea"


you will never see US govt rating anything other than AAAAAAAAAA
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True, That would be like chasing a police officer you saw ran a red light without using the signal and trying to do a citizens arrest.
 
Quote from Cesko:

U.S. is no Rome. U.S. feeds itself(plus some others). Romans never did.
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Sorry to burst your bubble, but we are net importers of food these days, too.
 
Quote from scriabinop23:

ratings don't matter. It could be 11111+ .

The better question: is there enough money out there to buy the supply of treasuries coming to the market?
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There will be by golly, even if they have to run the computers all night to add reserves. But ignore that man behind the curtain. Step up and ask Uncle Samta the Wizard what you want for Chistmas in November. And mix in a couple other literary allusions while you are at it.

I'm asking for a 10k stimulass check for everybody (cuz we'll be taking up the butt like never before when the bill finally arrives), world peace, and a coherent foreign policy that spans administrations.

Meanwhile, I have to figure out how to protect my money and stuff before we get that wonderful cocktail of raging inflation, rampant unemployment, higher taxes and (you know it's coming) federal wealth taxes.
 
Quote from TGregg:


Meanwhile, I have to figure out how to protect my money and stuff before we get that wonderful cocktail of raging inflation, rampant unemployment, higher taxes and (you know it's coming) federal wealth taxes.
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join the ZB shorting party?
 
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