The largest creditor of America - China - Makes a call to our bluff.
http://www.globalresearch.ca/index.php?context=va&aid=20252 From WASHINGTON's BLOG "How
notes
The Financial Times the head of the largest rating agency in China said America is insolvent and that the U.S. credit ratings are a joke. The head of the largest rating agency in China has been heavily criticized for its Western counterparts have caused the global financial crisis and said that China, as the largest creditor world should have more say in the chapter on how governments are evaluated and their debt. " Western rating agencies, are highly politicized and ideological do not adhere to objective standards," said Guan Jianzhong, chairman of the Dagong Global Credit Rating, in an interview with the Financial Times. In particular, he criticized the practice of making "shopping with the rating" from companies who offer their business to agencies that provide the most favorable rating.
"The financial crisis is that credit rating agencies have not adequately disclosed the risk and this has brought the entire U.S. financial system to the brink of collapse, causing huge damage the U.S. and its strategic interests, "said Mr. Guan. Last week, the Dagong, privately owned, published its sovereign credit rating and said it was the first of a credit agency for the rating that was not Western.
The results were very different from those published by Moody's, Standard & Poor's and Fitch, as it reported a rating of China more than the U.S., Britain, Japan, France and other major economies, Reflecting thus the creed of Dagong China is more stable politically and economically than those countries.
"
The U.S. is insolvent and bankrupt before the come pura nazione debitrice
, ma le agenzie rating le danno sempre un’alta valutazione” ha detto Mr Guan.
Un editoriale estremamente entusiastico, pubblicato da Xinhua , il maggiore organo statale di informazione cinese, ha lodato il resoconto della Dagong come un passo significativo verso la rottura del monopolio delle agenzie occidentali di rating , di cui si dice la Cina sia stata vittima per lungo tempo. La Cina non si intimidisce nel ricordare agli USA chi ha le tasche più grosse. Come dice il Financial Times, Mr. Guan ha detto:
“
La Cina è la più grande nazione creditrice nel mondo
e con la sua crescita e il suo ringiovanimento nazionale, dovremmo avere voce are judged in how the credit risks of the States. "
power legitimate economic collapse
Guan even disagree on the American military skills:
" Actually, the huge military spending in the U.S. is not has created its own but comes from borrowed money, which is not sustainable "
I have repeatedly shown
, which borrow money to finance our huge military spending, paradoxically weakens our national security: As I
previously noted, the American military-industrial complex is ruining our economy. military leaders and U.S. intelligence say that the financial crisis is the greatest threat to U.S. national security. (See
here
here and here ). Moreover, as I noted in 2008, because the U.S. credit rating has not been degraded? How says a report by Moody's in September: "In the circumstances apparently similar rating in Japan and some Scandinavian countries in the 90s has been degraded" So
Japan and Scandinavia have softened and military have been degraded, but the U.S. has many bombs as we do, no? In any case, the U.S. can not remain a superpower if they are apart.
The fact that America (USA NDT) spend more than the rest of the world combined on our military means that we can keep
artificially high credit rating.
But ironically, with all the money we are spending on our military means that we become less and less credit-worthy ... and that we will not be able to subsidize "
synthesis and translation Cristina Bassi
,
http : / / www.thelivingspirits.net/
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