Recession?? Depression?? Orchestrated??


The video is from 2010…prophetic?

S&P Slashes Outlook on U.S. to ‘Negative’ Amid Soaring Debt

Sounding the alarm about the country’s deep fiscal problems, Standard & Poor’s on Monday downgraded its outlook on the U.S. credit rating to “negative,” raising the likelihood the U.S. will lose its coveted ‘AAA’ rating as Washington struggles to fix its beleaguered balance sheet.

The move signals the seriousness of the debt crisis in the U.S., which at most times is considered the safest investment in the world. It is likely to increase pressure on lawmakers and the White House to bridge their wide gaps and could mark the first step to the U.S. losing the perfect credit rating that allows it to tap the capital markets at very low rates.

S&P said the negative outlook means there is a one in three chance of the U.S. losing its ‘AAA’ rating.

Wall Street was spooked by the S&P call, which marks the first time a credit ratings company has lowered its outlook on the U.S. during the current crisis. The Dow Jones Industrial Average plummeted more than 200 points Monday morning, the U.S. dollar slumped against the yen and gold flirted with $1,500 a troy ounce for the first time ever. European markets, already jittery about their own debt crises in Greece and elsewhere, also tumbled.

Read More: http://www.foxbusiness.com/markets/2011/04/18/sp-slashes-outlook-negative-amid-soaring-debt/

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About a12iggymom

Conservative - Christian - Patriot
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