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OutForARip to World News@quokk.au · 2 months ago

With Moody's downgrade, US loses treasured Aaa credit rating

www.reuters.com

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With Moody's downgrade, US loses treasured Aaa credit rating

www.reuters.com

OutForARip to World News@quokk.au · 2 months ago
message-square
2
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fedilink
  • cross-posted to:
  • FuckTheUSA
  • [email protected]
  • [email protected]
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  • mutual_ayed@sh.itjust.works
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    2 months ago

    Oh no, not again!

    https://en.m.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades

    Shit means nothing until countries start selling off their US Dollar stockpiles and quick backing international transactions with the US dollar. The only thing this does is make US bonds and cash reserves cheap.

  • Zachariah@lemmy.world
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    2 months ago

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