US May Lose Its 'AAA' Rating
US May Lose Its 'AAA' Rating
CNBC.com | 10 Nov 2008 | 07:49 AM ET
The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.
"The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said.
"In the United States there is already a funding crisis, and they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off," Hennecke told CNBC.
In order to solve or stem the economic slowdown, Hennecke suggested the US would have to radically reduce spending across all sectors and recall all its troops from around the world.
As for a stimulus package, there is not much of an industry left to stimulate back into life, Hennecke said.
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Alot of the infastructure in
Alot of the infastructure in the United States has been levereged to foreign nations to obtain capital. Imagine if we default. Other countries will demand we surrender certain parts of the United States because we defaulted on our loans.
Cheney
Probably has a loaded gun to head of credit rating agencies.
WOW.... WHAT a FASCINATING interview to watch...
The BRITISH guys were just about to wet their pants at the thought that the financial world is undergoing such CHANGE. Just like the "Red Coats" they CANNOT open their eyes and see reality..... and they are going to continue marching along in their little straight lines until they go right off the cliff. The guy from (Switzerland???) China has it right on. He says just what Dr. Paul says... and it just about gave the Brits HEART ATTACKS. This one really lets you see how the UK (and US) guys think. They just don't get it..... and that is why they keep doing stupid things, desperately holding on to the old paradigm.
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http://www.youtube.com/wa...
"Not armies, not nations, have advanced the race; but here and there, in the course of ages, an individual has stood up and cast his shadow over the world."
Where can I watch this?
I have a Mac. Maybe it's not showing up on my browser.
Dont know. I just clicked the link. ANYONE ELSE??????
http://www.youtube.com/wa...
"Not armies, not nations, have advanced the race; but here and there, in the course of ages, an individual has stood up and cast his shadow over the world."
Got it on Firefox
Thanks
good. I hope the US loses
good. I hope the US loses its rating and we continue to spiral out of control. Maybe then the people will get their heads out their @sses and revolt against this parasitic class of individuals known as politicians that have run our country into the ground.
Also, look at the fat retard try to explain the truth away. BWAHAHAHAHA!!! You LOSE dood.
Dr. Paul, David Walker and
Dr. Paul, David Walker and others have been saying this for years....most politicians tend to stick their heads in the sand until forced by circumstances to take action. They don't even realize that they are still painting themselves and this country into a very constricted corner.
http://www.1776solution.b...
I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue. Barry Goldwater
This has been coming for a while
"cut spending and bring the troops home" wow that sounds familiar.
"Lead, follow, or get out of the way."
-- Thomas Paine