Saturday, July 17, 2010

China Downgrades U.S. from AAA

Chinese rating agency strips Western nations of AAA status - Telegraph
"China's leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West."

When is the owner of our debt going to call-in his loan...and how are we going to pay for it?

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