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Old 07-30-2011, 12:28 AM  
KILLER_CLOWN KILLER_CLOWN is offline
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Chinese Rating Agency Says U.S. As Creditworthy As COSTCO, Pegs U.S. GDP At $5 Trill

Chinese Rating Agency Says U.S. As Creditworthy As COSTCO, Pegs U.S. GDP At $5 Trillion (NOT $14T), And Downgrades Bernanke

The Chinese rating agency, which hit headlines earlier this year for its AA-view on the United States, is back, with another US downgrade.

From the 10-Page Downgrade Report

The serious defects in the United States economic development and management model will lead to the long-term recession of its national economy, fundamentally lowering the national solvency. The new round of quantitative easing monetary policy adopted by the Federal Reserve has brought about an obvious trend of depreciation of the U.S. dollar, and the continuation and deepening of credit crisis in the U.S.

Such a move entirely encroaches on the interests of the creditors, indicating the decline of the U.S. government’s intention of debt repayment. Analysis shows that the crisis confronting the U.S. cannot be ultimately resolved through currency depreciation. On the contrary, it is likely that an overall crisis might be triggered by the U.S. government’s policy to continuously depreciate the U.S. dollar against the will of creditors.

The total output value of the U.S. financial services industry is composed of two major parts: one is the transferred production value, most of which comes from value distribution of participating in international production. Another part is the inflated value originated from credit innovation, which belongs to bubble value.

In addition, due to the high economic financialization, more than half of the profits in the real economy come from the returns of financial activities. If we exclude the factor of virtual economy, the U.S. actual GDP is about 5 trillion U.S. dollars in 2009, per capita GDP about $ 15,000. Meanwhile, the total domestic consumption was 10.0 trillion U.S. dollars and government expenditure was 4.5 trillion U.S. dollars.

Dagong Global Credit Rating Company

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Chinese say U.S. as Creditworthy as Costco - WSJ

Taking Dagong’s downgrade at face value, Uncle Sam is now a credit on the level of Costco, based on the big box retailer’s Standard & Poor’s rating. The Treasury can take pride, however, in ranking a notch higher than “Government Sachs,” rated only A by S&P. Fortunately for U.S. taxpayers, who must foot the bill if the federal government’s borrowing costs go up, the market currently puts little credence in Dagong’s A+ U.S. ratings. According to Merrill Lynch, U.S. Treasury debt currently trades at a yield 66 basis points lower than the AAA corporate index.



The controversial 'Chinese Professor' TV commercial - See the alternative version below.



http://dailybail.com/home/chinese-ra...stco-pegs.html
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Old 07-30-2011, 02:51 AM   #2
CrazyPhuD CrazyPhuD is offline
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Yes but what happens to china's GDP is you remove building construction that no one will ever occupy? Does it drop by 2/3rds or 3/4ths?
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Old 07-30-2011, 07:58 AM   #3
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Yes but what happens to china's GDP is you remove building construction that no one will ever occupy? Does it drop by 2/3rds or 3/4ths?
Yeah, they have whole cities empty. Even the retail windows are goods in some of the stores in those cities. Welcome, to State Capitalism aka Third Way Socialism.
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Old 07-30-2011, 08:40 AM   #4
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Stop buying their country's products.
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Old 07-30-2011, 09:05 AM   #5
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Old 07-30-2011, 09:37 AM   #6
Ace Gunner Ace Gunner is offline
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recession? coming? ha. dense.
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Old 07-30-2011, 09:39 AM   #7
Ace Gunner Ace Gunner is offline
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Originally Posted by BigChiefFan View Post
Stop buying their country's products.
translation; stop going to walmart.

will americans do it? **** no.
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Old 07-30-2011, 09:57 AM   #8
BigChiefFan BigChiefFan is offline
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translation; stop going to walmart.

will americans do it? **** no.
My family stopped along time ago. The problem is, it's becoming harder and harder to find made in USA products, no matter the store.
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Old 07-30-2011, 10:03 AM   #9
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yep. I do the same. but you've seen the heards. we are toast my friend. as a country, we're already done. but I refuse to convert. seems you're the same way. good for you and it makes me feel good to know there is at least somebody else out there that feels like i do - and actually has the balls to do make the extra effort to live a decent daily life.
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Old 07-30-2011, 10:24 AM   #10
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Originally Posted by chiefsfootballfan View Post
yep. I do the same. but you've seen the heards. we are toast my friend. as a country, we're already done. but I refuse to convert. seems you're the same way. good for you and it makes me feel good to know there is at least somebody else out there that feels like i do - and actually has the balls to do make the extra effort to live a decent daily life.
It's not worth saving a few extra bucks, to have Americans jobs being taken. I just can't believe so many Americans can't see the direct correlation. Keep fighting the good fight, brother.
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Old 07-30-2011, 10:45 AM   #11
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They are too busy taking care of "me" to see anything.

I'll have your back if it comes to that fightin biz maynard
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