In April, Egan-Jones ratcheted down the U.S. credit rating to “AA” from “AA+” with a negative watch. The negative watch meant there was a 50% chance of the government’s rating being lowered within three months.
Egan-Jones said cranking up the printing presses and artificially lowering interest rates by purchasing mortgage-backed securities will not raise the real GDP but will instead reduce the value of the dollar.
4 comments:
The house Obama built.
A house of cards.
Georges scheme is going exactly as planned.
Oh this just quickens the fall of the Obama empire. If he wins this election, our nation will never recover.
Wake up people bush, Obama , scrawny chosen pawns for the corporations and global banking conglomerates that are destroying our economy and lining their already gluttonous pockets. The federal reserve is as federal as fed ex. This is just the next part in the scheme set in motion after the repeal of glass stiegel.
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