RED ALERT IN USA: FRAUD LOOT IN BILLIONS AND S.E.C. CRIMINALS STILL PROTECTING CRIMINAL REED HASTINGS SCAM GANG
A Ponzi Scheme Called America; FRAUD STREET CASINO AND HOME GROWN FINANCIAL AL QAEDA LED BY BANKSTER TERRORISTS
A Ponzi Scheme Called America
Wednesday, October 17, 2012
In Today's Issue:
A Ponzi Scheme Called America…
Want a Stock Hitting a Record High? Bring on the Dish Soap…
Don’t Get Suckered in by Early Earnings Success…
A Ponzi Scheme Called America
~ by Michael Lombardi, MBA
As we all know, the eurozone credit crisis has taken away any chance of economic growth in the global economy.
Spain—the current epicenter of the credit crisis in the eurozone—has seen its credit rating downgraded to a credit rating of BBB- from BBB+ by the Standard and Poor’s (S&P) credit rating agency. A credit rating of BBB- is the lowest investment grade credit rating issued by S&P and just one notch above “junk” status. (Source: Standard & Poor’s, October 10, 2012.)
In 2007, eurozone member Spain saw its national debt equate to 36% of its gross domestic product (GDP) that year. Now, with the government’s plan to borrow more than 207 billion euros next year, the country’s debt as a percentage of GDP will reach 91%. (Source: Business Week, October 11, 2012.)
Let’s not forget; Spain is a major contributor to the eurozone economy and is the 12th largest economy in the world.
From all of this, what bothers me is that the U.S. economy—the biggest economy in the world—is sitting on the credit rating of AAA, as issued by Moody’s Investor Services, and AA+ by S&P, the same credit grading that puts Spain’s rating at BBB-.
While the U.S. enjoys a strong credit rating of AAA, the national debt compared to GDP for the U.S. is much higher than that of Spain, a eurozone country. In the U.S., this year’s GDP is estimated at $15.5 trillion. (Source: Bureau of Economic Analysis, September 27, 2012.) But the total national debt of the U.S. stands at $16.2 trillion (see the U.S. debt clock at . This makes the U.S. national debt equal 105% of GDP, and it is growing each passing day!
So why does Spain, an economy in the eurozone with a debt to GDP of 91%, have its credit rating cut to almost junk, while the U.S. enjoys one of the top investment grade credit ratings when its debt-to-GDP ratio easily surpasses that of Spain?
Spain will eventually get a bailout from its eurozone peers—the funds it needs to recapitalize its banks will be given to the government.
When it comes to the U.S. economy, who will come to its rescue?
Oh, I forgot the big difference. When the U.S. needs to issue Treasuries to pay for its debt, the Federal Reserve prints money to buy the debt. That’s the difference; the U.S. prints money, Spain can’t. The U.S. is a Ponzi scheme, and eurozone member Spain isn’t; so the U.S. gets a top credit rating. Now I understand how it works.
NEW SLOGAN IN USA
WALL STREET IS NOW PURE FRAUD STREET CASINO AND RIGGED WITH ALL SCAM LEGISLATION AGAINST 99% WORKING CLASS AND ALL FRAUD LOOT PROTECTION FOR CORPORATE THUGS AND BANKSTER FINANCIAL TERRORISTS AT S.E.C ENFORCED AND ALL LOOT MANIPULATION SCAM WEAPONS AT THEIR DISPOSAL
LOOT/SCAM/BANG USA 99% WORKING CLASS PENSION CONTRIBUTIONS IN BILLIONS WITH DARK POOLS AND HIGH FREQUENCY TRADING MACHINES WITH FRAUD PRICE/VOLUME MANIPULATION WITHOUT ANY FEAR
IF, BY MISTAKE YOU ARE CAUGHT? NO PROBLEM COME TO MARY SCHAPIRO/ROBERT KHUZAMI/ROBERT COOK SCAM WATCH PARASITES AT S.E.C AND P[AY LITTLE FINE, NO TRIALS AND KEEP YOUR LOOT IN BILLIONS AND YOU ARE FREE TO GO BACK AND START YOUR SCAM LOOT ASAP.................
Gene Burnett - Jump You F*#kers (A Song For Wall Street)