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Thursday, September 21, 2017

S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth


S&P Downgrades China To A+ From AA- Due To Soaring Debt Growth


"The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks. Since 2009, claims by depository institutions on the resident non government sector have increased rapidly. The increases have often been above the rate of income growth."

I FIND THIS THE HEIGHT OF HYPOCRISY! 
WHAT ABOUT THE 20 TRILLION DOLLAR DEBT OF AMERICA?
THIS IS BEING DONE BECAUSE CHINA HAS A GOLD BACKED YUAN AND THEY PARTNERED WITH RUSSIA AND THE REST OF THE BRICS NATIONS WILL BRING THE PETRO-DOLLAR DOWN AFTER THE EVENT.
GET READY PEOPLE IT COMES SOON!
JEFF BYERLY

1 comment:

  1. I have to agree with you here on this, Jeff.

    It seems way too...convenient...that China's rating is getting downgraded at the same time when they are backing up their currency with gold and partnering with Russia.

    The "harlot" Babylon is acting tougher than she actually is -- and will be soon humbled!

    ReplyDelete