LONDON (Reuters) - The dollar fell to a 2009 low on Friday as fears intensified that the United States could lose its triple-A rating, while renewed caution about the world economy and banks prompted Asian and European stocks to slip.
The dollar's latest decline started when ratings agency Standard & Poor's cut its ratings outlook on Britain to negative from stable, stoking fears other AAA-rated countries which are running huge debt levels could share a similar fate.
Moody's Investor Service said on Thursday it was comfortable with its triple-A sovereign rating on the United States but that it was not guaranteed forever.
Moody's Investor Service, Standard & Poor's are the same rating companies that rated
the toxic sub-prime paper as, "Investment Grade". There has been no conquences for
their greed and avarice.
Their part in a Banking scam that benifited the banks to the tune of 2.7 trillion dollars,
of GAY money. ( Don't ASK,Don't Tell about loans )
Feds gave the banks 2 trillion dollars, and no one knows what hapened to the money
and no one is asking where it went. I call that the "don't ask, don't tell" policy,
very simmilar to the Military policy on Gays, hence the moniker "Gay Money".
If the credit rating of the USA falls below tripple A, it could cause a massive
shortage of money a real liquidity choke.
The US Governent would make massive cuts on everything across the board,
to get the credit rating back.
This would make the Great Depression of the 1930's look like a picnic.
To be sure USA would do what ever is needed to get the AAA rating back,
but it would deepen and extend the Depression way beyond expectations.
But it looks like the banks will make out OK.
And their credit card companies can still act like Mafia loan sharks.
The Banking Mafia still controls Congress.
With the change in bankruptcy laws the banks
still make money lending to the poor they know
can't pay the money back, by attaching all future
earnings and estate after death.
The criminal banks have run the biggest robbery
of all time with the sub-prime paper, and collusion
of the credit rating agency mentioned above.
Caused the worst Depression of all time,
got a $2.7 trillion dollar bail out.
AND STILL CHARGE 402% USUARY LOAN SHARKING
WHO CONTROLS CONGRESS?
ITS NOT THE AMERICAN PUBLIC.
Series 7 & 13.