Tuesday, July 13, 2010

Chinese rating agency strips Western nations of AAA status

When your largest lender downgrades your rating, it is important. Remember that when the Chinese say they are no longer interested in gold as a reserve currency. That's bull sh*t.

China's leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West.

Source: telegraph.co.uk

0 comments:

Post a Comment