America’s fall is not imminent…it is now going on.–U.S. to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says

Greetings,

   She has tried her best to overcome her situation through tricks and walt disney time illusions for you to believe that things are going to get better for America…”Many scientists think that it is too late for this demand because of the anger of Allah (God) against America for her evil done to us, but Allah has power over all things and He does that which he wills to do.”–pg.54(tfoa)

  America had been offered the chance for forgiveness, but she refused to accept it, for she never offered to do anything favorable toward her Black slave, that would make them free of her power to rule them. She refused to break her fall when she could have broken her fall, as the Bible teaches us.

   America’s fall is not imminent…it is now going on. The whole world is witnessing this. Her judgment is pronounced. It is awful to think over the things of evil and of trouble that are coming upon the glorified North America.

  …”This is the day of judgment. She will be paid back for all that she has done against you and me. She will be paid back, but she don’t believe she is going to be paid back. She wants you to think that this is something or these calamities will pass over one day, and that we will be ruling you again ,negroes.”–pg.11(tsot–the science of time)

  So now Allah is destroying her and casting her down in total disgrace and abject poverty!!

                             U.S. to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says

                                             

        Source: www.bloomberg.com

  The sovereign credit rating of the U.S. will be cut as “fiscal theater” plays out in the world’s biggest economy, according to Pacific Investment Management Co., which runs the world’s largest bond fund.

 “The U.S. will get downgraded, it’s a question of when,” Scott Mather, Pimco’s head of global portfolio management, said today in Wellington. “It depends on what the end of the year looks like, but it could be fairly soon after that.”

The Congressional Budget Office has warned the U.S. economy will fall into recession if $600 billion of government spending cuts and tax increases take place at the start of 2013. Financial markets are complacent about whether the White House and Congress will reach agreement on deferring the so-called fiscal drag on the economy until later next year, Mather said.

In a “base case” of President Barack Obama being re- elected and Congress becoming more Republican, there is a high likelihood an agreement “doesn’t happen in a nice way, and we have disruption in the marketplace,” he said.

Policy makers probably will agree on cutbacks that would lower economic growth by about 1.5 percentage points next year, Mather said. They may roil markets by discussing scenarios that would lead to a 4.5 percentage-point fiscal drag, he said.

‘Budgetary Meth’

Bill Gross, manager of Pimco’s $278 billion Total Return Fund, this month said that the U.S. will no longer be the first destination of global capital in search of safe returns unless fiscal spending and debt growth slows, saying the nation “frequently pleasures itself with budgetary crystal meth.” He reduced his holdings of Treasuries for a third consecutive month to the lowest level since last October.

S&P last week cut Spain’s debt rating to BBB-, the lowest investment grade, and placed it on negative outlook.

“Almost all sovereigns with poor debt dynamics are going to get downgraded, we’re just talking about the pace,” Mather said. Credit rating companies “have been slow in downgrading some sovereigns, but we think the pace probably picks up in the year ahead.”

Bond investors needn’t worry that a rating cut will hurt returns. About half the time, government bond yields move in the opposite direction suggested by new ratings, according to data compiled by Bloomberg on 314 upgrades, downgrades and outlook changes going…more here

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