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The USA took another credit rating hit! Did you even hear about it before this?

Temlakos~POTL~PWCM~JLA~☆ 2012/04/10 01:02:19
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America saw another downgrade on its credit rating last week. The
White House ordered the press to keep quiet and they meekly obeyed. But
that’s not the worst problem. If the Big Three follow through on the
downgrade, prices of all commodities, including gold, silver, and oil,
could rise sharply.


Credit rating action

Egan-Jones Ratings Company (EJR)
is an independent credit rating company that answers only to investors.
No company or government that issues commercial or sovereign debt has
any influence over its decisions. A source familiar with such matters
(specifically an account executive for a major precious-metals brokerage
firm) pointed out to CNAV that the Big Three credit rating
agencies (Standard and Poor, Moody, and Fitch) all work under such
influence. Therefore, if any country’s sovereign debt deserves a
downgrade, Egan-Jones will downgrade it first. The Big Three will follow
Egan-Jones’ lead when they can no longer deny the reality.


In 2008, Egan-Jones was first to predict the crash of the housing
market. Last year, they were the first to downgrade the American credit
rating from AAA to AA+. Standard and Poor merely followed Egan-Jones’
lead.


Federal Reserve headquarters. Their monetization of the debt caused another credit rating downgrade.

The Marriner S. Eccles Federal Reserve Board Building. Photo: User Cliff1066/Flickr, CC BY 2.0 Generic License


On Thursday, 5 April, Egan-Jones Ratings downgraded American sovereign debt again. The American credit rating is now AA.

Read More: http://www.conservativenewsandviews.com/2012/04/09...

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Top Opinion

  • bman~AVA~BTTB 2012/04/10 01:06:39
    All of the above
    bman~AVA~BTTB
    +29
    Yep, it seems like I heard that this was a very strong possibility when the socialist refused to cut his excessive spending. So it's finally happened. Hey libs out there! How do you feel about your man now huh?????? I bet you folks are just as proud as can be with him now.

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  • Flowers dallas 2012/04/10 15:30:44
    Flowers
    +5
    democratic criminals

    she is a criminal, they ALL are. I don't care what letter is after their name, 98% of all congress has received lobbyist funds. That makes them ALL responsible. Get a grip on reality. It can't possibly be only the republicans or only the democrats fault.
  • dallas Flowers 2012/04/10 15:37:23
  • Flowers dallas 2012/04/10 18:28:23 (edited)
    Flowers
    +2
    unfortunately, congress has the power to do anything they want. WE gave them that power. Doesn't make their actions any less immoral
  • dallas Flowers 2012/04/10 19:21:37
  • Flowers dallas 2012/04/10 19:31:14
    Flowers
    where have I filed charges? you are ridiculous, good day
    i said good day fezz gif
  • dallas Flowers 2012/04/10 19:41:23
  • Angus 2012/04/10 11:27:51
    All of the above
    Angus
    +9
    All part of the big plan Dictator Obama has for the destruction of our Country.
  • Thisism... Angus 2012/04/10 16:45:05
  • Angus Thisism... 2012/04/10 17:43:23
    Angus
    +2
    You apparently don't for it appears that you put him where he is.............
  • ed Thisism... 2012/04/11 08:49:32
    ed
    do you know what a dumb ass is? LOOK IN THE MIRROR
  • Mark P. 2012/04/10 11:18:52
    All of the above
    Mark P.
    +5
    I remember when this finical slide started, ole big ears said he had it handled. The only thing that is keeping us from being even further downgraded is the fact that the dollar is still the preferred currency. If that changes we will be no better off than Greece.
  • beachbum Mark P. 2012/04/10 14:32:28
    beachbum
    +1
    And China along with others are trying real hard to change the preferred currency - and, yeah, like you said, when that happens, this country is toast.
  • Thisism... Mark P. 2012/04/10 16:46:12
  • mk, Smartass Oracle 2012/04/10 11:17:28
  • Elaine ... mk, Sma... 2012/04/10 15:56:22
    Elaine Magliacane
    +1
    What is in Ft. Knox? IOUs... sure isn't GOLD is it..
  • mk, Sma... Elaine ... 2012/04/10 19:34:55
  • Al C. 2012/04/10 10:43:13
    All of the above
    Al C.
    +8
    Just like the media to cover up for the idiot!!!!!!!!!!!!!!!!!!!!!!!
  • ed Al C. 2012/04/11 08:50:42
    ed
    yeah they do it all the time.
  • Jeff~0109 2012/04/10 09:21:10
    Whiskey-Tango-Foxtrot!
    Jeff~0109
    +8
    Things aren't going to get any better until the Kenyan turd and his commiecrat minions who go under the name of the Dem Party are gone, gone, gone.
  • ed 2012/04/10 08:51:21
    Whiskey-Tango-Foxtrot!
    ed
    +7
    I wonder how onutless and the socialist party will answer to this downgrade.If I'm not mistaken onutless holds the record for downgrades.
  • Ssgtwaldo ed 2012/04/10 09:10:36 (edited)
    Ssgtwaldo
    +11
    They will blame it on Bush!!!!
    Photobucket

    Whiskey Tango Foxtrot...... OVER.......
  • ed Ssgtwaldo 2012/04/11 08:41:46
    ed
    +1
    of couse they will they are forever dumb founded by obama and still think he cares deeply for them and will protect them.
  • Thisism... ed 2012/04/10 16:49:00
  • ed Thisism... 2012/04/11 08:47:21
    ed
    +1
    you are noted as being a dumb ass and you might try seeking some help as well before it's to late.If you have a doctor ask him for this and you might make it. fukitol
  • Ssgtwaldo ed 2012/04/11 08:52:07
  • shadow76 2012/04/10 08:21:33
    None of the above
    shadow76
  • olylift 2012/04/10 07:21:48
  • sglmom 2012/04/10 07:05:58
    Whiskey-Tango-Foxtrot!
    sglmom
    +13
    FUBAR Administration and Congress ..
    Three plus years withOUT a budget ..
    And TWO .. Downgrades of OUR Nation's Credit too ..
    With .. (I'm sure) trillions of OUR Tax Dollars in the final total FLUSHED down on Green Scams (for corporations that paid big bonuses and then filed bankruptcy)
    And debt out the Wazoo ..
    Obviously .. I heard it .. know it ..
    (sad to say .. not a word peeped on msm .. I found this by using the Financial News services outside of the USA)
  • jere.ch... sglmom 2012/04/10 14:06:05
    jere.chievres
    +3
    Too bloody right!
  • TheTruth1313 2012/04/10 06:20:12
    All of the above
    TheTruth1313
    +8
    Obama just keeps killing the economy and the biased left media keeps covering it up.
  • Rusty Shackleford 2012/04/10 05:55:46
    Whiskey-Tango-Foxtrot!
    Rusty Shackleford
    +9
    Why isn't this front page news?
  • Lanikai Rusty S... 2012/04/10 13:47:35
    Lanikai
    +3
    because obummer doesn't want this on th efront page, he wants the NBPP and trayvon on the front page, how better to keep people from looking at facts, than to have a more personally polarizing issue-while we ignore his dictatorial BS.
  • AL 2012/04/10 05:54:26
    None of the above
    AL
    +8
    Seems the U.S. version of Provda doesn't want to tell us anything they don't want us to hear any longer!
  • rknothead 2012/04/10 05:35:22
    All of the above
    rknothead
    +7
    knew it was coming. Lets see if Geitner and Obama can explain this one away....can't blame Bush, will probably blame the American People for not living within their means...do as I say, not as I do crap.
  • beachbum rknothead 2012/04/10 14:35:24
    beachbum
    +1
    They'll blame congress, the Israelis, Bush, Mickey Mouse - everyone but themselves. What is scary is the thought of all the goofballs who will buy what they say, and vote for them anyhow.
  • Common Sense Conservative 2012/04/10 05:24:32
    None of the above
    Common Sense Conservative
    +3
    The USA does not need a credit rating.
  • jubil8 BN-0 PON 2012/04/10 05:06:35
    Undecided
    jubil8 BN-0 PON
    +2
    How do you know the WH ordered the media to keep quiet? Not arguing, asking.

    If it did, it's not working, right?
  • eliosc 2012/04/10 05:02:08 (edited)
    All of the above
    eliosc
    +7
    No surprise here... The change begins with us, from the bottom up, if we keep voting for the same garbage, we will have the same results.
  • Charu ∞ijm♥∞ 2012/04/10 05:01:53
    Whiskey-Tango-Foxtrot!
    Charu ∞ijm♥∞
    +8
    I am not surprised.
  • 3052457 2012/04/10 04:51:40 (edited)

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