Quote:
Originally Posted by Slava
Well that is all well and good except for a few things: (A) a credit rating is not really a comment on the political climate. Its supposed to be a rating on the likelihood that you can pay your debts. (B) and perhaps most importantly, the US can always print more money. In other words taking the hyper-inflation aspect out of the equation (which is not a concern in the least right now!) its virtually impossible for the US to actually default. They theoretically ought to be either "AAA" or "D" in theory because if they were that close to a default they could turn on the presses...
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More questions!
Wouldn't the amount of money being printed determine the risk of hyper-inflation, and do we have a general idea of how much the QE3 is going to create? Any amount of printing money would have an impact on inflation, but I'm not sure what percent would be the beginning of hyper-inflation.
I'm pretty sure the S&P credit downgrade is a scare tactic to pressure the American people to vote the illuminati into office and set in motion NWO. (Not really.)