The Economic Collapse of the USA has begun it’s acceleration today. With inflation well over 5.0%, gas prices increasing over 45% in
the past year and true unemployment rate of over 22%, it is only a matter of time before the lofty stock market crashes to the ground. Those in the know already argue that the stock market today is only recording the highs it is do to the quantitative easing, AKA money printing, that has pumped over $2 trillion dollars directly into banks and fortune 500 companies, not into 98% of the American people. Today you have a choice, the same choice that you have had for the past year…
America you have a choice today.
A–The price does not have to go any higher, I GET IT. My hope in the American dream once know as the Republic is gone. Today I realize that I must not continue to live and operate in this Mega Corporation, Billionaire Banker, and Power Mad Elite system any more. Today I begin to slowly “ween” myself off there forms of control of me, my family, and my finances. Over the next 60 days, I will begin to make choices to become SELF RELIANT, with God’s Guidance, and begin to break the chains of economic enslavement that have shackled me.
B–The price can keep going higher, I will just keep cutting out non essential items from my budget, and will figure it all out. I live in America the greatest country on Earth, we are just going through a tough economic period, it is all cyclical, by this time next year, gas will be back down to $3.00/gallon and my job will be better.
There is no middle ground. Today when you read this, there is no middle ground, it is either A or B
Standard & Poor’s on Monday downgraded the outlook for the United States to negative, saying it believes there’s a risk U.S. policymakers may not reach agreement on how to address the country’s long-term fiscal pressures.
“Because the U.S. has, relative to its ‘AAA’ peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable,” the agency said in a statement.
In an interview with CNBC, David Beers, S&P’s global head of sovereign ratings, said the agency has been “struck increasingly by the difference in how other governments are dealing with fiscal consolidation.”
“The U.S. to us looks to be an increasing outlier in that context,” Beers added.
Rival ratings agencies Fitch and Moody’s [MCO 35.40 -0.46 (-1.28%) ] maintained their respective outlooks on the United States, according to statements made to CNBC.
“Moody’s is not reacting to S&P’s move. Moody’s outlook for the US Aaa rating remains stable,” Moody’s spokesman Eduardo Barker said in an email.
The Dow Jones industrial average tumbled more than 200 points on word of the revision, while gold prices hit a new record above $1,496 an ounce before paring some gains. The dollar index moved higher in New York trade.
The S&P said the move signals there’s at least a one-in-three likelihood that it could lower its long-term rating on the United States within two years.
- Stocks Slide Sharply on S&P USA Debt Negative Outlook Move (blogs.wsj.com)
- S&P cuts U.S. ratings outlook to negative(marketwatch.com)
- The Day Has Arrived: S&P Gets Negative on U.S. Triple-A Ratings (247wallst.com)