Monday, December 13, 2010

About TIme: Moody May Cut US Rating because of Tax Package

When the US rating gets cut, the snake has moved on from eating its tail to snarfing the rest of its body.  It appears it may only be a matter of time before this happens, as Moodys has begun deliberating what should happen if the US passes the Tax Cut extension.  If the measure passes, there may be a ratings cut.

It is not news to the world that the US government is broke.  China has already downgraded the US several times now to the glee of "Third World" nations everywhere.  Everyone knows the only thing keeping the US solvent is its status as reserve currency manipulator.  Once it is accepted that FIAT is a lie, and the US ability to create lies at will is devastating to the world economy, then there will be a revolution!

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