The Debt Game is Nearly Over: U.S. About to Lose its AAA Credit Rating
By Mike Adams, November 13, 2008 | Key concepts: National debt, Federal spending and Economic news
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When the U.S. loses its inflated credit rating, the whole global debt bubble will begin its devastating collapse. And now, as the second wave of bankruptcies starts to ripple through the U.S. economy, and trillions of dollars have been thrown into the wind by the Federal Reserve, international lenders are starting the ask the obvious, fatal question: Is the U.S. government a good credit risk? The answer is now obvious.
From Cnbc.com: The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.... more
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