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.
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.