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View Diary: The Debt Limit Racket (5 comments)

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  •  Interesting (1+ / 0-)
    Recommended by:
    Rich Lyles

    It's an interesting theory, but if I remember correctly, interest rates actually fell when s&p downgraded the US

    •  This is true, however (0+ / 0-)

      The US credit rating was not down graded by Moody's or Fitch, and we never went into default.  Note also that Australia pays a lower interest rate than the US and Canada according to the graph you are citing.    

      Considering vast structural games that are played by entities like Goldman Sachs with simple things like Aluminum delivery, if there is a way to make money on the consequences of disaster, someone is pushing for disaster. Everything under the sun in this country is and always has been a racket.    

      Peace, Love, and Prosperity. See more on the R. Crosby Lyles channel on YouTube.

      by Rich Lyles on Wed Sep 25, 2013 at 01:00:02 PM PDT

      [ Parent ]

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