USA and Credit Rating Agencies

Discussion in 'Economy' started by ekrem, Jun 28, 2010.

  1. ekrem
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    ekrem VIP Member

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    Why USA still has best ratings from Credit Agencies is because all 3 Credit Rating Agencies are located in USA.
    Free world has to establish its own Credit Rating Agencies and put bans on Fitch, Standard&Poors and Moody's regarding operations in their countries.
    USA must be given Credit Rating that mirror 21st century reality.
    It can not be, that a country which causes a world-wide economic and financial crisis is given best Credit Ratings which determine interest payments on newly taken debts.

    CNN:

    More than half of the $9 trillion in debt that Uncle Sam is expected to build up over the next decade will be interest.
    Interest due on U.S. debt: Close to $5 trillion - Nov. 19, 2009

    That means in a decade (10 years) you will make almost 1 Trillion $ additional debt a year, half of it only to serve Interest Payments. These interest payments are defined by fixed+faked Credit Ratings by the 3 US Credit Rating Agencies, which rate USA best possible.
    Alice in Wonderland.

    We should establish 21st century Credit Rating Agency with HQ in Beijing, that rates USA more in reality. By 2011 you will reach 100% debt-to-GDP ratio.
    http://spmedia.canada.com/gallery/00oposted/GROSS-DEBT.eps.jpg
    Every year comes 1 Trillion $ more and USA is the "mad-dog" burning the world with economic and financial crisis.
    This is not a system based on justice, but based on eroding 20th century US status within world financial system.

    With the money you currently borrow from the Chinese, you should finance logistics of redeployment back home and initiate a cycle of budget-decrease.
    Maybe we will watch Hollywood and not Bollywood in next decade also.
     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    The Democrats have to pass Cap and Trade and Immigration reform and THEN they'll tank our AAA Credit rating.
     
  3. Baruch Menachem
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    Baruch Menachem '

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    You do realize this is the US message board, not the Turkey message board.

    Just saying.
     
  4. ekrem
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    ekrem VIP Member

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    And thread subject is US debt, US Credit Rating Agencies and why we should transfer authority of Credit Rating mechanism to China, a country which anyway must rate USA already as they buy most of US debt.
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obama will see that it happens after he loses Congress this November and somehow try to blame it on Boooooooosh and the Republicans
     
  6. ekrem
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    ekrem VIP Member

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    As long as all 3 Agencies are in USA, USA will always get best rating. Otherwise US administration will wage war against Agency and make coup d'etat to position a more "patriot" CEO as head. Old CEO will enjoy retirment age in nature of Guantanomo.

    American continent should only have 1 Agency.
    1 should be established in China, 1 in Germany (Europe) and 1 in Gulf Cooperation Council.

    This way world can be saved from further US crisis, and USA like a good US mid-class housewife can budget the income of the family in an effective, enduring and healthy way.
    As it should be, and like all other nations have to budget.
    In non-USA world, countries spending like USA are punished through US Rating Agencies like Greece.
     
  7. Toro
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    Toro Diamond Member

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    Let me give you a little lesson on realpolitik:

    We have the power, we make the rules.

    Carry on.
     
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