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The headline that topped the Drudge Report Tuesday morning had frightening news for its millions of readers: yet another credit ratings agency downgraded America’s debt, this time to “C”—at or near “junk” status in the letter-rating scales used by the big three ratings agencies, Standard & Poor’s, Moody’s and Fitch. Clicking on the link takes the reader to a CNBC article [1] headlined, “US Debt Rating Should Be ‘C’: Independent Agency.” (more…)

May 5th, 2011 | Comments (26)

No Tickee, No Buyee Your Debtee: China Calls Bullshit On Wall Street: "The US Is Insolvent And Faces Bankruptcy"...Since We're Too Corrupt And Weak To Admit Truth About Our Sorry State, Read What The Chinese Gloat:   "The huge military expenditure of the US is not created by themselves but comes from borrowed money, which is not sustainable"... Oh Boy Are We Fucked...

July 24th, 2010 | Comments (4)