It means something is very bloody wrong with the credit rating system as they should have lost it long ago
Some bed time reading, who does the US government owe money to, how much do they owe, and what does all this talk about the "debt limit" mean...
en.wikipedia.org/wiki/Government_bond
www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
www.treasury.gov/initiatives/Documents/Debt%20Limit%20Myth%20v%20Fact%20FINAL.pdf
This site is great - it's actually very detailed if you've got the time.
www.usdebtclock.org/
I think things are going to get worse in Australia before they get better. The last recession we had was in the 90's and I guess there's not much anyone can do about it when we have another one.
The way I look at it is: lucky for some - not for others.
Naaah ! That can not be that wrong
As long as SUPERMAN is on the watch.
He can always pull them out of the sh**t they are in.
Their credit rating doesn't mean ****.They'll give anyone AAA if it means more money in their pockets
that USA debt clock is pretty amazing, interesting going back in time to see the debt when George W was in power and see the escalation over the following years as USA did its war on terror and fannie may and freddie what's his name and all the greedy buggers, I feel slightly nervous about how our supposed economists are forecasting the economy and reserve bank rate rises when in the paper this morning now its potential rate cuts, do they really know ****e from sawdust these people in power I get the feeling they don't and its just one big eff'n gamble
This video is quite interesting. You only need to watch the first 3 minutes to appreciate that the removal of the gold standard was part of the plan.