3rd Warning from Moody’s: Harbinger of Disaster
NEW YORK CITY: Beware the Ides of March, so the seer warned Julius Caesar in 44 B.C. Twenty centuries later another seer warns a modern-day Caesar that his course of reckless spending threatens the destruction of our country. Like Julius Caesar, Caesar Obama pays no attention to the soothsayer.
On March 15 Moody’s warned the US for the 3rd time that the impending downgrade of our nation’s credit rating is looming:
The gold-plated credit rating of the United States — an article of faith across America and, indeed, around the world — may be at risk in coming years as the nation copes with its growing debts…
Moody’s said the United States and other major Western nations, particularly Britain, have moved “substantially” closer to losing their gilt-edged ratings. The ratings are “stable,” but “their ‘distance-to-downgrade’ has in all cases substantially diminished,” the credit ratings agency said…
“Growth alone will not resolve an increasingly complicated debt equation,” Moody’s said. “Preserving debt affordability” — the ratio of interest payments to government revenue — “at levels consistent with Aaa ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion.” [Empahsis added] David Jolly and Catherine Rampell, New York Times
Likely scenarios if the US loses its triple-A rating:
- Interest rates skyrocket
- Catastrophic failure of housing markets
- Massive layoffs by companies unable to finance their business business
- US dollar collapses
- USA, unable to borrow from China, defaults on debts
- Fed prints money, inflation ensues
- Destruction of world financial markets
- Collapse of worldwide economy
The 2008 run on banks was only forestalled by massive influx of cash into financial markets, made possible only by massive borrowing. This time borrowing will be impossible.
These scenarios will trigger massive rioting in the US the same as Greece has already experienced due to the collapse of their economy. That is the meaning of Moody’s warning “fiscal adjustments of a magnitude that, in some cases, will test social cohesion.” It is the NIP’s position that such a financial collapse and subsequent civil breakdown is exactly what this administration wants. This breakdown is the objective of the Cloward-Piven Strategy.
Faced with civil unrest Obama will finally be able to organize his national police force “just as powerful, just as strong, and just as well-funded” as the US Armed Forces. Unconstitutional you say? Well, Obama views the Constitution as “deeply flawed” and will not let it stop him on his quest to establish Marxist rule in America. Every Marxist revolution ends with its own despotic ruler. This one’s will be Caesar Obama.
…Why are they clapping?