Everyone But the Rating Agencies Knows the U.S. Has Already Lost Its AAA Rating

This is from Jim Rogers' wise mouth:

“Everyone already knows that the U.S. has lost its AAA status,” Rogers said. “Anyone who knows what is going on, already knows that the U.S. is now the biggest debtor nation in the history of the world. It’s only S&P and Moody’s that haven’t figured out what is going on. The investment world knows that the U.S. is not AAA.”

Anyone feel like writing a memo?

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


Hal (GT) said...

So why is it that more countries are clamoring for the debt ceiling to be raised?

I don't disagree with the sentiment behind Roger's statement. I'm pretty much in the camp of believing we are "the biggest debtor nation in the world." But, what is the purpose of nations like China wanting that ceiling raised and the debt to continue to rise?

Is it that want to push the country into the abyss of a debt whole so deep that there will be no recovery?

Hmm... Interesting times we find ourselves living in.

wcv said...


It's all about the vendor financing. Their economies are still dependent on exporting shit to us, so they want to keep the Ponzi going for a couple more years.

See the parable of the plastic duck junkie.

chairmanben said...

Tea-party must think AAA is Automobile Association of America.

W.C. Varones said...


Au contraire. The Tea Party is trying to get the U.S. on a sustainable fiscal path that would preserve AAA.

And they're about the only ones. Moody's says both Boner and Reid are epic FAILS.