Greetings,
Something should be thought about is this. Russia has the lowest sovereign debt than any so-called industrialized nation, plus they have huge foreign reserves to call upon. They also have unlimited supplies of oil, gas, diamonds, and jewels.
America is the largest debtor nation in history. She cannot repay her debts. Her fiscal deficits continue to exceed the norm.
She has to constantly borrow to pay on the debts that she has already borrowed from. Her currency is in total decline. With this being said, how is it that Russia’s credit rating is cut to just above junk status and the greatest debtor in history, America, remains AAA?
This is madness. Can you not see the insanity?
Fitch downgrades Russia’s credit rating to 1 notch over junk level
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