US Credit Rating (General)

by dulan drift ⌂, (13 days ago) @ dulan drift

The internet: The United States' credit rating has recently been downgraded by Moody's from Aaa (highest rating) to Aa1, with a stable outlook.

Aa1. Stable. Looked it up coz i knew it would be still high, despite Dan's (many common-sense people's) analysis/outlook.

It does supply another great example of the experts of the experts' ORG being full of shit. There's no way you can have have that insane level of debt but still be ranked Aa1. Is there?
Unless you know they're good for it coz they can just keep printing it ...

Reckless Covid-spending on frightening security crackdowns was fuel on the flames of an already existing problem.
It's probably still solvable, if you had accountability for systemic corruption. But we don't have that That's why we don't have it.

In which case - just keep printing to stoke the bonfire.

We really are living in a giant Ponzi scheme that we have no control over. It's very Game-simulation-style.


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