Here is everything you'll ever need to know about why America is being deliberately and incrementally bankrupted and destroyed by design. This calculated destruction of America is an act of high treason at the top levels of our political, corporate, military and banking establishment and these crimes against humanity and against the U.S. Constitution are punishable by either imprisonment or even death. Death to the Federal Reserve and death to the New World Order! "The answer to 1984 is 1776!"
As we all know, the eurozone credit crisis has taken away any chance of economic growth in the global economy.
current epicenter of the credit crisis in the eurozone—has seen its
credit rating downgraded to a credit rating of BBB- from BBB+ by the
Standard and Poor’s (S&P) credit rating agency. A credit rating of
BBB- is the lowest investment grade credit rating issued by S&P and
just one notch above “junk” status. (Source: Standard & Poor’s,
October 10, 2012.)
In 2007, eurozone
member Spain saw its national debt equate to 36% of its gross domestic
product (GDP) that year. Now, with the government’s plan to borrow more
than 207 billion euros next year, the country’s debt as a percentage of
GDP will reach 91%. (Source: Business Week, October 11, 2012.)
Let’s not forget; Spain is a major contributor to the eurozone economy and is the 12th largest economy in the world.
all of this, what bothers me is that the U.S. economy—the biggest
economy in the world—is sitting on the credit rating of AAA, as issued
by Moody’s Investor Services, and AA+ by S&P, the same credit
grading that puts Spain’s rating at BBB-.
the U.S. enjoys a strong credit rating of AAA, the national debt
compared to GDP for the U.S. is much higher than that of Spain, a
eurozone country. In the U.S., this year’s GDP is estimated at $15.5
trillion. (Source: Bureau of Economic Analysis, September 27, 2012.) But
the total national debt of the U.S. stands at $16.2 trillion (see the
U.S. debt clock at www.investmentcontrarians.com). This makes the U.S. national debt equal 105% of GDP, and it is growing each passing day!
why does Spain, an economy in the eurozone with a debt to GDP of 91%,
have its credit rating cut to almost junk, while the U.S. enjoys one of
the top investment grade credit ratings when its debt-to-GDP ratio
easily surpasses that of Spain?
will eventually get a bailout from its eurozone peers—the funds it
needs to recapitalize its banks will be given to the government.
When it comes to the U.S. economy, who will come to its rescue?
I forgot the big difference. When the U.S. needs to issue Treasuries to
pay for its debt, the Federal Reserve prints money to buy the debt.
That’s the difference; the U.S. prints money, Spain can’t. The U.S. is a
Ponzi scheme, and eurozone member Spain isn’t; so the U.S. gets a top
credit rating. Now I understand how it works.