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Ratings Agency Downgrades U.S. Credit

Richard1354 Wrote: Sep 14, 2012 9:11 PM
The Obama administration doesn’t have to raise taxes on anyone to pay our debts. When Bernanke discovered that printing money is easier than growing corn, he decided to do just that. The problem is it hurts those who could least afford it; the poor. Printing money to stimulate the economy is like adding water to syrup, it dilutes the value and in this case the value of the petro dollar. This is very bad policy and will shortly force the world market for crude oil to purchase on open exchanges and abandoned the US dollar. Why would governments use the US dollar, or for that matter loan money to a country, that arbitrarily devalues its currency.
nodeamass Wrote: Sep 14, 2012 9:13 PM
If there is an increase in economic activity, printing money simply accommodates that increase. that is why treasuries are paying very, very low interest yet, are still being bought worldwide.
Duke Nuk'em Wrote: Sep 14, 2012 9:18 PM
And devalues the currency. Any intelligent person knows that!
Jim Weber Wrote: Sep 14, 2012 9:20 PM
and increase in economic activity? It must be in Bizzarro world.
algae Wrote: Sep 14, 2012 9:20 PM
That would only make sense in the most bizarre fantasy land of Unicorntopia libtroll "nobrainmass".

You print money, without basis in value, it depreciates all of your currency.
James____Tx Wrote: Sep 14, 2012 9:21 PM
The current rate of money "printing" is far surpassing the wealth generated by the current economy...True inflation is the indicator, and boy we got it.

Weimar here we come
Nana82 Wrote: Sep 14, 2012 9:23 PM

And the rating agencies don't GET THIS?

So Wall Street will be all happy with this money pri ting on Monday? ?

Gordon110 Wrote: Sep 14, 2012 9:49 PM
The keyword there is "intelligent"

Downgraded. Again.  Citing the most recent round of stimulus, the ratings agency Egan-Jones on Friday gave the U.S. a credit rating of AA-, down from its solid AA rating.  Michael Aneiro at Barron’s notes that the downgrade comes three days after Egan-Jones “affirmed its AA rating for the U.S. but warned that further Fed stimulus could trigger a downgrade.” Thanks, Bernanke.  The agency writes:

[T]he FED’s QE3 will stoke the stock market and...