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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (34705)1/27/2011 2:15:08 PM
From: John3 Recommendations  Read Replies (4) of 71475
 
The entire sovereign debt rating system is a sham, my friend.

The U.S. is mired in its third consecutive year of deficits that run well north of one trillion USDs and are expanding. There is no end to that madness in sight, yet the nation maintains a AAA credit rating with barely a threat of ever losing it.

What do creditors think -- that Bullshit Ben will print forever?

Perhaps scores of municipal and state bond defaults over the next 12 to 24 months will upset the wagon. -ng-
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