S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact!

• Any US ratings agency that dares to cut America’s ratings has a death wish. The Illuminists power has this message for them: ‘You don’t want to live?’! So why has S&P lowered US from ‘AAA’ to ‘AA+’ with a negative outlook (ie. potential for more downgrades)? It is because they have been instructed and allowed by the Illuminists power to do so. You must recognize this for what it is: the next step in their engineered collapse. The bloodbath on Wall Street and worldwide isn’t over!
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• The Illuminist financial MSM are herding the sheeple via fear into cash and US treasuries. Undoubtedly, many central banks and countries around the world will fall for this. When all the sheeple are in cash and US Treasuries, the next phase of the collapse will start. This is the Global Currency Crisis! The Euro will go down first dragging along the UKP. The Japanes Yen will follow not far behind. Finally, the USD will collapse! These currencies will increasingly lose value against hard assets (like gold and silver). The sheeple will realize too late because they are fixated on the forex rates. Measuring 1 currency against another is meaningless when all currencies are being debased simultaneously! Got gold yet?
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  S&P Cuts U.S. Rating for First Time on Deficit Reduction Pact
  By John Detrixhe, http://www.bloomberg.com/
  The U.S. had its AAA credit rating downgraded for the first time by Standard & Poor’s, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits.
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  S&P dropped the ranking one level to AA+, after warning on July 14 that it would reduce the rating in the absence of a“credible” plan to lower deficits even if the nation’s $14.3 trillion debt limit was lifted. The U.S. was awarded the top credit ranking by New York-based S&P in 1941. It kept the outlook at “negative” amid the failure to end Bush-era tax cuts.
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  “The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” S&P said in a statement today.
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  Demand for Treasuries has surged even with the specter of a downgrade as investors saw few alternatives to the traditional refuge during times of risk as concern increased global growth is slowing and Europe’s sovereign debt crisis is spreading.
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  Downgrade Fallout
  The action may still hurt the U.S. economy over time by increasing the cost of mortgages, auto loans and other types of lending tied to the interest rates paid on Treasuries. JPMorgan Chase & Co. estimated that a downgrade would raise the nation’s borrowing costs by $100 billion a year.
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  S&P said it may lower the long-term rating to AA within the next two years if spending reductions are lower than agreed to, interest rates rise or “new fiscal pressures” during the period result in higher general government debt.
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  “It’s a reflection of the fact that we haven’t done enough to get our fiscal house in the order,” Anthony Valeri, market strategist in San Diego at LPL Financial, which oversees $340 billion, said in an interview before the downgrade. “Sovereign credit quality is going to remain under pressure for years to come.”
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  Moody’s Investors Service and Fitch Ratings affirmed their AAA credit ratings on Aug. 2, the day President Barack Obama signed a bill that ended the debt-ceiling impasse that pushed the Treasury to the edge of default. Moody’s and Fitch also said that downgrades were possible if lawmakers fail to enact debt reduction measures and the economy weakens.

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