Moody's warns it may downgrade U.S. c...

Moody's warns it may downgrade U.S. credit rating

There are 10 comments on the The Plain Dealer story from Jul 13, 2011, titled Moody's warns it may downgrade U.S. credit rating. In it, The Plain Dealer reports that:

Moody's Investors Service on Wednesday threatened to lower the United States' credit rating, saying there is a small but rising risk that the government will default on its debt.

Join the discussion below, or Read more at The Plain Dealer.

Questioner

Waterford, MS

#1 Jul 13, 2011
If Moody's really wants the debt ceiling raised they will downgrade the bond rating now. It seems the Congress needs and 'incentive'. A threat is just noise, we need action.
Pat

Nashville, TN

#2 Jul 14, 2011
The U.S. Government and all of it's bureaucrats need to stop spending the taxpayer's dollars as if those dollars are theirs to spend the way they want to. They have wasted too much money on crap that only benefits the protected/politicized classes and the wealthy powerful elite. Follow the money.
Pat

Nashville, TN

#3 Jul 14, 2011
This is the "change" Obama promised the citizens' of the U.S.?

Since: Dec 07

Location hidden

#4 Jul 14, 2011
It will never happen. The U.S. with it's antagonistic ways will do something whether it's good or bad.

“Open your eyes”

Since: Sep 09

Central Florida

#5 Jul 14, 2011
Here is the deal. Moody's in conjunction with the IMF, World Bank, and other international banks have pulled the same crap in Iceland, Ireland, Spain, Portugual, Italy, and Greece.

Remember, the only way for a bank to make money is by giving out loans at interest against the assets (deposits) they hold in the bank. With Fractional Reserve Banking, these banks can loan out X amount of dollars over and over and over (divide it by 9, then the balance by 9, then the next balance by 9) till the amount of asset held is no less than 10% of the original 100% value of the asset. I.e. Of a $100 deposit, it can be loaned out 20 times. So 20 loans can go against that inital $100.

What the bankers want to do is to create more debt. More debt = more money. Even if the debt will be and can never be paid back. It does not matter. They will make money on the interst alone. When a country like Greece goes into almost default on the loans, Moody's comes in and downgrades their rating. The bankers then come in and offer austerity measures and privatization of the public assets. Basically buying up the country for pennies on the dollar.

Moody's is the rating agency that assists these financial terrorist.

You got the IMF, World Bank, our own banker in Tim Geithner calling for a debt limit increase. More debt = more money in interest to the bankers. While at the same time Moody's is talking of a downgrade if we do not take the debt.

Starting the see the game and how its played?

Since: Oct 08

York, PA

#6 Jul 14, 2011
Nothing like having the power to force a nation's hand. Of course the also rated the mortgages so what does it really mean?

Since: Jul 11

Location hidden

#7 Oct 7, 2013
"we will not negotiate with terrorists' Ronnie Raygun before his brain had abandoned him

Since: Jul 11

Location hidden

#8 Oct 7, 2013
Mr. Moodys have you seen Congress's approval rating? Worse than the DixieRATS when they tried to take over the New England Progressives-Dewey was grilled by FDR/Truman liberals

Since: Jul 11

Location hidden

#9 Dec 10, 2014
Dinos/Rinos, Standard and Poors are listening to the Health insurance lobby
QUITTNER Dec 11 2014

Toronto, Canada

#10 Dec 11, 2014
RE: Moody's warns it may downgrade U.S. credit rating
Kahoki wrote:
... What the bankers want to do is to create more debt. More debt = more money....
..... Yes, and higher interest rates also would give them more money. However in order to get more real total spending per unit of time the interest rates are kept low to encourage more debt with that money then used for more spending. But even trees stop growing and surpluses should replace those perennial deficits so that at last the debts can be reduced. That should make the credit rating firms happy, but not the banks.
..... The lawmakers are supposed to make the voters happy, and the voters want this and that and many more things that are expensive, yet the voters do not want to pay for them, and the friendly lawmakers dare not raise the taxes enough to pay for it all, so that higher and higher debts are needed.

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