Debt market strips U.S. of triple-A rating

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Looks like the jig is up. The market is not buying the S & P and Moody's scam. US Treasuries will continue the downward spiral to the 'junk' pile as planned by the Globalists.......THIS IS BIG!

October 12, 2010
The United States has lost its gold-plated triple-A rating -- in the eyes of credit traders, at least.

U.S. sovereign debt was the third-worst performer in a closely watched derivatives market during the third quarter, CMA said Tuesday in its quarterly review of global sovereign credit risk.

The cost of insuring against a default on U.S. government bonds via so-called credit default swaps rose 28% in the quarter ended Sept. 30, the firm said.

That puts the United States' third-quarter performance behind only two other nations, both of which are struggling with the early stages of sovereign debt crises: Ireland, whose CDS prices rocketed 72% to a record amid growing questions about the costs of a massive bank bailout, and Portugal, whose costs jumped 30%.

What's more, the decline leaves U.S. debt trading at an implied rating of double-A-plus for the first time in memory.

Despite building worries about its financial outlook, the U.S. had traded in recent quarters in line with its triple-A rating from S&P and Moody's. But some skeptics have been arguing the U.S. is overrated, and that argument now seems to be gaining steam….”

See:
http://finance.fortune.cnn.com/2010/10/12/debt-market-strips-u-s-of-triple-a-rating/


The Demise of the US Republic

http://groups.yahoo.com/group/era-of-peace/message/387

http://groups.yahoo.com/group/era-of-peace/message/386



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