China's Dagong Rating Firm Says Will Downgrade US to Junk

[BrotherKantu]

Jul 13, 2011 China's Dagong Rating Firm Says Will Downgrade US Even if Debt Limit Raised ... which is a key factor in Dagong's evaluation

http://silverdoctors.blogspot.com/2011/07/chinas-dagong-rating-firm-says-will.html


I don't know what does it really means but some one is considering USA a junk.

 

[adnan_younus]

but that some one is china whose economy is heavily dependent on US buying their services.... they both have stakes in each other...

 

[Bombaybuz]

china knew this upfront and opened ..rather developed new markets for itself as central Asia, Russia and whole of Africa where china has invested billions recently... but debt is something else china got the max U.S. Treasury Bonds sold by FED to fulfill USA's need of wealth... and all these bonds are in return of Economy and Assets... So just like any other bank corruptsy All valuable items will be confiscated by china... as it is a matter of 14.29 trillion $ not a joke by any means and with poor rating by leading rating companies... USA wont be able to get any further loans on mild terms and china will be able to poke its nose in every internal matter of USA the way IMF and world bank do to us.