MercoPress. South Atlantic News Agency
With no accord on US debt limit, Moody’s could downgrade US ratings
Moody's has warned it may downgrade the US debt rating if Congress fails to increase the US debt limit in the coming weeks and risks default. The agency warned of political “entrenchment” preventing an increase. Read full article
Comments
Disclaimer & comment rulesUff! Another competing for the Big Defaulter Country in the world award.
Jun 04th, 2011 - 01:27 am - Link - Report abuse 0This is not fair. At least can we hold the title until the end of 2011?
Moody and S&P won't downgrade US (bogus) tripple A, though the rest of the growing economies already did (not in public). The government will raise the debt ceiling, meaning keep kicking the can down the road until the road ends dead. QE3 is comming. Again, Quantitave easing is print more digital numbers what the paper is not worth at all and keep buying junk that nobody else wants. Or see it like this, the Fed is a dog, it “creates” crap and eats its own crap.
Jun 04th, 2011 - 01:48 am - Link - Report abuse 0http://youtu.be/PTUY16CkS-k
@ Fido Dido
Jun 04th, 2011 - 03:17 am - Link - Report abuse 0Ha Ha Ha
Amazing this video!
: )
US public debt outstanding [14,195 trillions $ ] ( Feb 2011)
Jun 04th, 2011 - 09:34 am - Link - Report abuse 0US gross Federal debts, % nominal GDP [ 95,52 % ] ( Feb 2011)/(*)
(*) interesting ... [31% ] of it intragovernmental debts !!
The System in insolvent !
The solution is the fragmentation of this country.
Jun 04th, 2011 - 10:18 am - Link - Report abuse 0This is the rule of nature not my !
majority Spanish speaking California and Tejas by 2020 independence 2025
Jun 04th, 2011 - 11:27 am - Link - Report abuse 0US public debt outstanding [14,195 trillions $ ] ( Feb 2011)
Jun 04th, 2011 - 04:02 pm - Link - Report abuse 0False, it's higher, of course you won't read that from US government that has seperate accounting books.
outstanding debt is above US$ 80 trillion (with unfunded liabilities like social security, medicare, medicaid and other social welfare systems)
It's a joke to type that the US is a Capitalist nation.
Will the US pay off its debt? Never, they cant.
solution, deflate their currency (what is bad for the people in the US and for foreigners that hold dollars)
US statistics reported on the media are a joke.
Jun 04th, 2011 - 06:01 pm - Link - Report abuse 0For example real unemployment is higher than 19 % but the media only report 9.1%. Which is the U-3
But they split unemployment into 6 categories fromU-1 to U-6.
Those who don’t fall into the U1 categorisation are considered persons marginally attached as who currently are neither working nor looking for work but they want and are available for a job. Long term unemployment or structural unemployment never appears on the news.
The official figures for 2010 (last years) were:
U1: 5.7% while U6: 16.7% of course a lie because was higher.
Unemployment Statistics Bureau of Labor Statistics
http://www.bls.gov/lau/stalt10q4.htm
# Fido /
Jun 04th, 2011 - 06:12 pm - Link - Report abuse 0(US) market debts outstanding by sectors /December/2010
Households ...... 13358 billions $
Business ...... 11087 billions $
State & Local Governments ...... 2464 billions $
Federal Government .... 9385 billions $
Domestic Financial Sector .... 14236 billions $
Foreign Financial Sector ..... 2104 billions $
TOTAL = 36295 billions $
[Social Security.....debts = 2346 billions $]
Nico,
Jun 05th, 2011 - 01:25 am - Link - Report abuse 0this is one more interesting and more reliable.
http://www.shadowstats.com/
Yul, unfunded liabilities mean, the bill has yet to come. I'm sure you understand it's higher than what you typed.
@Fido
Jun 05th, 2011 - 07:03 am - Link - Report abuse 0Thanks I 'm watching now the M1 messy graphic ha ha
http://www.shadowstats.com/imgs/sgs-m3.gif?hl=ad&t=1307228017
Seem they were so busy printing green notes. ha ha
: )
# Fido/
Jun 05th, 2011 - 02:36 pm - Link - Report abuse 0unfunded accounts could be considered while “ income statements ”
analysis .......these are simple just “” debt “” accounts !
i know J.Williams' “” shadow stats “” but his some alternate accounts
are not true ...becouse some continuums can not have smooth latitute
this does not mean that all officials indicators are true everytime !
J. Williams shadow's stats is far more closer to the truth than government numbers.
Jun 06th, 2011 - 12:27 am - Link - Report abuse 0Yul, again unfundes accounts are funds that yet have to be funded because they don't know the real costs..all what government has is what they “think” what they will pay, and reality has shown many times that they are wrong. the alternate accounts, what you have no clue about, is what the goverment doesn't show. Yul, you need live here to understand how the US government really works.
Unfounded liabilities are genuine debt to be taken into account in balanced sheets and due to be paid in near future but that have been not funded yet by any asset.
Jun 06th, 2011 - 07:49 pm - Link - Report abuse 0An example of that could be the future cost on health care, state workers pension for future pensioners, veteran of war pensions, etc.
A govt. knows that has to cover this but have not at the moment the real amount of the bill because this will happen in the near future.
Like your electricity, gas, etc. bills you know that you will have to pay but you can only make an estimation to cover these liabilities.
USA has not even a financial plan to cover these issues in the future but the commitments were already made.
The sword of Damocles hanging above the head USA.
: )
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