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A Chinese ratings house has accused the United States of defaulting on its massive debt

 
defaultby_infalation
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10/14/2013 07:46 AM
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A Chinese ratings house has accused the United States of defaulting on its massive debt
A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order.

“In our opinion, the United States has already been defaulting,” Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying.

Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies – eroding the wealth of creditors including China, Guan said.

That might be Chinese propaganda. But the point remains that the U.S. might not be able to print money forever without facing consequences from its creditors.

[link to www.newsmax.com]
grumpier

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10/14/2013 08:08 AM
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Re: A Chinese ratings house has accused the United States of defaulting on its massive debt
hesright

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Anonymous Coward
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10/14/2013 08:10 AM
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Re: A Chinese ratings house has accused the United States of defaulting on its massive debt
hesright

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 Quoting: grumpier


He is.
gebahie

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10/14/2013 08:10 AM

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Re: A Chinese ratings house has accused the United States of defaulting on its massive debt
This is from

Friday, 10 Jun 2011 08:35 AM
grumpier

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10/14/2013 08:32 AM
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Re: A Chinese ratings house has accused the United States of defaulting on its massive debt
This is from

Friday, 10 Jun 2011 08:35 AM
 Quoting: gebahie


Even more valid today

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Anonymous Coward
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10/14/2013 08:41 AM
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Re: A Chinese ratings house has accused the United States of defaulting on its massive debt
It CANNOT BE PAID BACK. DOES NOT COMPUTE!!!
Anonymous Coward
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Norway
10/14/2013 08:42 AM
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Re: A Chinese ratings house has accused the United States of defaulting on its massive debt
im sorry but mutual destrution seems pretty good now. Nuke us and we will nuke you. :-)
Anonymous Coward
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10/14/2013 08:43 AM
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Re: A Chinese ratings house has accused the United States of defaulting on its massive debt
Shalom Shalam.
Anonymous Coward
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10/14/2013 08:46 AM
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Re: A Chinese ratings house has accused the United States of defaulting on its massive debt
The chinese have been stealing ALL your technology, and you did not notice. laugh





GLP