Holy Carp!!! Reid Slips Up And Gives Away The Dems Nuclear Strategy: If A Deal Isn't Done Today, The U.S. Debt Will Be Downgraded Tonight!!!

Holy Carp!!! Reid Slips Up And Gives Away The Dems Nuclear Strategy: If A Deal Isn't Done Today, The U.S. Debt Will Be Downgraded Tonight!!!

For those of you who don't understand how devastating this will be let me put it to you in the simplest terms I can.

The Foreign Bond Holders would freak, but that's not even the worst of it!!!

IF the USA is not rated AAA by at least two of the top three ratings agencies, U.S. Treasuries will become illegal to hold as some forms of collateral and for banks in some forms of the allocation of risk based Capital...

Since S&P has already downgraded the U.S. to AA+ back in 2011, if Moody's downgraded us tonight, that would mean 2 of the 3 major ratings agencies NO LONGER HOLD U.S. DEBT AS AAA.

It would spark a sell off of Treasuries in ways you can't even imagine.

If you wanted Economic Doom, this would be it...

Here's the story...

SNIP

Reid has told us the US will be downgraded as soon as tonight (Red FD?)...

[link to www.zerohedge.com]

If the U.S. Gets Downgraded, just know...regardless of what Congress and the President do at that point, this shit is on like Donkey Kong!!!

Last Edited by Saddletramp on 10/15/2013 01:17 PM