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US May Lose Its ‘AAA’ Rating
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CNBC
November 12, 2008
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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November 12th, 2008 at 11:01 am
Merry Christmas America!
November 12th, 2008 at 11:22 am
usa lost its aaa rating decades ago-they just did not tell no one
November 12th, 2008 at 11:26 am
Before a standing army can rule, the people must be disarmed; as they are in almost every kingdom in Europe. The supreme power in America cannot enforce unjust laws by the sword; because the whole body of the people are armed, and constitute a force superior to any band of regular troops that can be, on any pretence, raised in the United States. A military force, at the command of Congress, can execute no laws, but such as the people perceive to be just and constitutional; for they will possess the power, and jealousy will instantly inspire the inclination, to resist the execution of a law which appears to them unjust and oppressive.”
Noah Webster, An Examination of the Leading Principles of the Federal Constitution (Philadelphia 1787
November 12th, 2008 at 11:27 am
and a happy new year >>>
November 12th, 2008 at 11:28 am
If the country was a corporation it would already be rated somewhere around C if not D for Default. The ability to print fiat money and the insane willingness of other countries to buy it is the only thing keeping the country from defaulting on the crushing debt load. When other countries buy US Treasury Securities it keeps inflation down by keeping that money outside of circulation. When other countries stop buying these securities, which seems to be in the very near future, it will start the hyperinflation process as the government will have no other way to pay for its debt and promises than by creating much more currency.
November 12th, 2008 at 11:33 am
Its inevitable!! In the next 2 years; I predict that we will have a B rating!! And then from there; we will be on par with Haiti having an D- rating!! And the new world order antichrist globalist will be worth 10 times more than the trillionaires that they already are!! BUT DON’T WORRY!! THE GREAT GOD OF HEAVEN WILL BRING HIS MIGHTY PLAGUES UPON THEM AND THEY WILL LOSE EVERYTHING THAT THEY EVER HAD TO THESE AWESOME PLAGUES!! And they will cry and lament for several years as they are brought to utter impoverishment!! As they will be doomed at Armageddon and as the fat fowls of the air will gourge on their stinking and decaying flesh when they die in this great war of all wars!! While we are watching in great satisfaction for their ultimate judgment and DOOM!! AND THEN THE JUDGMENT DAY COMES IMMEDIATELY AFTER THEIR GREAT DEFEAT BY JESUS AND HIS ANGELIC ARMIES!! AND THEN THE GREAT LAKE OF FIRE AND BRIMSTONE WILL BE THEIR ETERNAL AND FINAL AND ESCRUCIATELY PAINFUL HOME FOREVER AND EVER AND EVER!!!
November 12th, 2008 at 11:36 am
We started loosing our AAA rating somewhere in September and that is creating the lending crises which the US is trying to rectify by printing more money.
November 12th, 2008 at 11:46 am
Go viral with this article…. we must listen to someone and I want you all to read this;
http://www.larouchepac.com/new.....m-now.html
November 12th, 2008 at 11:47 am
#5- The country IS a corporation.
November 12th, 2008 at 11:49 am
i think the usa should lose it’s AAA rating. if we want to live in a AAA environment, we will we have to start the town of Infowarriors inside the usa. the government won’t drop a bomb on us. don’t let shills on this website intimidate you. hell yeah, the idea is out there.
the question now is: who will start the Infowarriors town?
November 12th, 2008 at 12:02 pm
Well, if this happens, it will put us right on track for the scenario supposedly discussed by the secret session of the House on 3/13 …
1. Collapse of US economy in Fall 2008
2. Financial default and collapse of US Govt in 1Q 2009
3. Subsequent (possible) civil war and martial law
I thought this was unlikely last summer, but it seems more and more likely every day.
Prepare and get your priorities straight …. I think time is shorter than anyone thinks …
God save our Republic
November 12th, 2008 at 12:03 pm
http://www.whatdoesitmean.com/index1165.htm
Interesting read………
November 12th, 2008 at 12:28 pm
=============>THE REAL OBAMA EXPOSED==============>TRUNEWS.COM
November 12th, 2008 at 12:35 pm
#2—-got it right. What do they mean “may”.
November 12th, 2008 at 1:09 pm
Please support facebook group (Revolution Started). Also started an Event (Be Heard) I want to get 5000 people together and head to Washington for a non violent Protest. Everyone talks and wants something done. So im starting it. Things are moving very quickly and i want this to happen before the new elect Obama takes office.
If you dont want to be part of this event fine…but at least show your support for those who ARE trying to make a difference.
Thank you
November 12th, 2008 at 2:31 pm
=======================>ENDTHEFED.US<============================
November 12th, 2008 at 2:56 pm
THE STUFF THAT HENNECKE SAYS NOW ABOUT POSSIBLE US GOVT BANKRUPTCY I HAVE HEARD FROM RUSSIANS ABOUT A YEAR AGO. THIS MAKES ME THINK EVEN FASTER NOW ABOUT WHAT TO DO, DAMN IT
November 12th, 2008 at 3:08 pm
Any takers on whats in store 4 ussa?
November 12th, 2008 at 3:54 pm
Holy cow, I’m surprised the USA hasn’t been downgraded to “junk” yet. No offense intended but man, look at that economy contracting!
November 12th, 2008 at 5:24 pm
The dumb down masses don’t care as long as gas is down and the TV remote batteries are good. It’s all good.
November 12th, 2008 at 8:56 pm
Credit Default Swap Scam 101
Players:
(A)CDS-issuing “Insurance” Company
(B)Buyers of “Insurance”
(C)Some Event
(D)Taxpayers
(E)”Insurance” Company CEOs
(B)Buyers pay $10 billion in premiums and gets $100 billion from (A)CDS-issuing “Insurance” Company if (C)Some Event Happens. Amazingly, (C)Some Event happens. (A)CDS-issuing “Insurance” Company goes bust because it can’t pay out all its CDS “Insurance” obligations. (B)Buyers of now lucrative “Insurance” contract wants to get paid. Cries to DC. DC makes the (D)Taxpayers take over the obligations of these lucrative contracts. THERE IS NO ASSET. THERE IS ONLY PAYING THE INSURANCE CONTRACT. (D)Taxpayers gets NOTHING and pays out the nose to (B)Buyers of now lucrative “Insurance” contract. The original $10 billion premiums are gone as they have already paid for the (E)”Insurance” Company CEO’s salaries and lavish lifestyles.
That is the SCAM.
Wall Street and DC are FORCING (D)Taxpayers to pay for BETS(No underlying assets) that they don’t want to pay up on. Yes, you, (D)Taxpayers, minding your own business, are being FORCED(try not paying your taxes and you’ll see what force comes along) to pay for the SCAM of rich Wall Street and DC.
Why use quote around “Insurance?” Because the finance services industry got around having these considered insurance products so they didn’t need to be regulated and have proper reserves in case of problems.
(E)”Insurance” Company CEO’s money: safe in Swiss banks.
(B)Buyers of “Insurance” money and payouts: safely increasing in Swiss banks.
(D)Taxpayers’ money: pouring out every window to the rich.
November 12th, 2008 at 10:03 pm
Whomever gave the US a rating of AAA in the first place are dimwits. You have to be kidding.
We didn’t just destroy our own fraudulent financial economy of play paper monopoly money, we destroyed the worlds financial soundness if any existed at all.
Anyone whom didn’t rate the US “FFF” isn’t thinking clearly. Unless of course they believe it’s good to outsource all of the high paying American jobs to child labor is a good thing.
Hell, while GM is on the brink of bankruptcy, they open shop in Russian territory. What kind of game is that? No doubt… “FFF” rating.
November 12th, 2008 at 11:32 pm
CAN YOU SAY DEFAULT?
November 12th, 2008 at 11:51 pm
So what happens if we default on our loans. Does the US become the United Empirical states of Japan or the peoples republic of America?
November 12th, 2008 at 11:53 pm
Want freedom and direction? Then check out this amazing video while you still can http://www.youtube.com/watch?v.....re=related Peace.
November 13th, 2008 at 12:30 am
What is an AAA ranking?
November 13th, 2008 at 12:31 am
sorry, if it sounds like a stupid questions?
November 13th, 2008 at 12:52 am
#24 default=slavery for the american people. we will be a hamburger helper republic,where even a banana republic will have more dignity and well being than us.
November 13th, 2008 at 2:59 am
There was one canidate that said something like this back in the election…weird
Ron Paul was right but no one would listen. Maybe we should have…
November 13th, 2008 at 5:58 am
Murrika lost its AAA rating the moment it killed 50,000 innocent civilians with a large radioactive toy.
Murrika lost its AAA rating the moment it killed 1000000 “gooks” in southeast asia.
Murrika lost its AAA rating the moment it killed 1500000 “ragheads” in the middle east.
Murrika NEVER HAD AAA rating. Murrika is a bunch of submental stupes paying illegal tax to a shameless elite who likes to play with nukes and large guns, to satisfy their cowardly ego.
I left murrika in 1992, and never looked back !
November 13th, 2008 at 10:54 am
Duh…. The USA is insolvent. Get over it and grow a pair.
November 13th, 2008 at 1:10 pm
——————->THE “REAL OBAMA” EXPOSED————————————–>TRUNEWS.COM
November 13th, 2008 at 1:30 pm
HObama
November 13th, 2008 at 3:56 pm
I brought it up in Dec. 2006.
Been bringing up ever since in spaces like this one.
http://djomama.blogspot.com/20.....ds-on.html