China Boldly Goes (Again) Where Moody's Has Never Gone Before, Downgrades US From A+ To A, Outlook Negative

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Tue, 08/02/2011 - 20:42 | 1519116 nwskii
nwskii's picture

Dagong Bitchez

Tue, 08/02/2011 - 20:51 | 1519135 gdogus erectus
gdogus erectus's picture

Moody Bitchez.  And we're not talking about PMS.

Tue, 08/02/2011 - 20:56 | 1519163 km4
km4's picture

AA to A+ to A from Nov 2010 to Aug 2011.....when will see the B's

Tue, 08/02/2011 - 22:39 | 1519387 Zone1
Zone1's picture

Getting cut from numba whon A+ Bond really hurts.

Wed, 08/03/2011 - 04:16 | 1519735 TwoShortPlanks
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Long American Mail Order Brides...yeah, flee dat US Bitchez!!!!!!
http://www.rosebrides.com/american-brides.html

Wed, 08/03/2011 - 02:13 | 1519653 phraseshifter
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Da-Gong Show USA!

Tue, 08/02/2011 - 20:45 | 1519126 caerus
caerus's picture

this is bullish for kung pow

Tue, 08/02/2011 - 20:46 | 1519127 nonclaim
nonclaim's picture

Da gong tolls...

How will they rate the Chinese reserves since they are the second largest bag holder after the Fed?

Tue, 08/02/2011 - 20:58 | 1519167 caerus
caerus's picture

they won't have to...everything will be rated in terms of the renminbi...

Tue, 08/02/2011 - 23:34 | 1519472 trav7777
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yeah, lord knows they don't print that or have a massive NPA problem with THEIR loans..LOL

Tue, 08/02/2011 - 22:13 | 1519340 disabledvet
disabledvet's picture

They tried the "Double D" rating. Unfortunately...
http://www.youtube.com/watch?v=ol_aamH2mHM&feature=player_detailpage
just caused more buying. must be trying to be like our "treasury complex." i swear to God when i asked where the bond vigilantes in the USA were this was where they sent me!

Tue, 08/02/2011 - 20:47 | 1519128 Prometheus418
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And after a short rest, the Au/Ag mountin climbing expedition resumes.

Tue, 08/02/2011 - 20:47 | 1519129 zorba THE GREEK
zorba THE GREEK's picture

So in effect, China just downgraded the value of their largest holdings.Smart move.

Tue, 08/02/2011 - 20:52 | 1519146 chump666
chump666's picture

It's confusion and distraction.  China plays the rating game, they will lose. 

Tue, 08/02/2011 - 20:47 | 1519131 caerus
caerus's picture

fuck i guess there's an a in there...this is bearish for moody's...

Tue, 08/02/2011 - 20:48 | 1519132 buzzsaw99
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Bang Dae Gong

Wed, 08/03/2011 - 00:26 | 1519548 MsCreant
MsCreant's picture

Get it on, Bang Dae Gong, get it on...

http://www.youtube.com/watch?v=bBin9qC5dKg

Tue, 08/02/2011 - 20:48 | 1519133 papaswamp
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So I'll believe their downgrade is they stop buying treasuries and go 'Russian'. 

Tue, 08/02/2011 - 20:54 | 1519154 LongBalls
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No...They are going oil. The deal with Iran will be where they sink their "barter items". 

Tue, 08/02/2011 - 23:06 | 1519424 Ying-Yang
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Ahhh... as Jim Rodgers says "I'm in commodities... either way it swings prices will be going up. Gold, silver copper, agriculture, energy and anything that is a real asset." Seems to me if China is flush with $1.15 trillion stashed in the US they would do the same as most ZH'rs. Buy gold, guns and fast women before the bottom falls out.

Tue, 08/02/2011 - 21:00 | 1519175 papaswamp
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is=if....my edit function vanished.

Tue, 08/02/2011 - 20:50 | 1519136 Hard1
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"The United States is screwed and is so we are....we should will ask to physical delivery for on our treasury certificates for the use as paper toilet. " (sic)

 

Zhou Xiaochuan (circa 2011)

Tue, 08/02/2011 - 22:42 | 1519397 Save_America1st
Save_America1st's picture

that was damn hilarious...go long toilet paper...

Tue, 08/02/2011 - 20:49 | 1519137 youngman
youngman's picture

Kind of interesting actually...since they do hold so much of our paper---or so they say...I still think they have our gold held in reserve as a guarantee for buying our paper....

Tue, 08/02/2011 - 20:56 | 1519162 LongBalls
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No way dude. Paper is meaningless to the banks. Especially the US. All they need to do is print. Gold on the other hand!

Wed, 08/03/2011 - 01:30 | 1519612 Frankie Carbone
Frankie Carbone's picture

You grossly underestimate the resiliency and tenacity of central bankers, and to your own demise.

As far as I am a aware of there is still ample tungsten and Krylon Gold Flake Spraypaint in the world.

And if that runs out then they'll wrap gold foil around Hersey bars if they have to.

Be careful of asking too much for a Gold Standard. They might put their heads together and decide that it's a good idea after all.

Tue, 08/02/2011 - 20:58 | 1519166 jdrose1985
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Hilarious...back to the US/THEM binary spoken of here earlier today..

Wed, 08/03/2011 - 01:50 | 1519630 piceridu
piceridu's picture

You might be on to something...maybe all that paper is pledged for something of real value...like ports, arable land, gold and silver, mines...real shit

Tue, 08/02/2011 - 20:49 | 1519138 caerus
caerus's picture

does anyone really listen to these assholes anymore?  this is bearish for the bank/rating agency clusterfuck

Tue, 08/02/2011 - 21:05 | 1519139 Juan Wild
Juan Wild's picture

 

 

Fuckin' Aa- Bubba! I love to hear TRUTH. If its from China's mouth, so be it!

Tue, 08/02/2011 - 20:51 | 1519142 JustACitizen
JustACitizen's picture

We should all welcome the eastern powerhouse's downgrade. Perhaps their fiat currency will appreciate against our fiat currency. Perhaps after they have sucked all of the ideas and innovations out of the various corporations they will happily go their merry way. Perhaps we will have to accept a new paradigm in which we do not throw things away. Quality was once a respectable word in marketing...

NAH!

Wed, 08/03/2011 - 08:44 | 1520066 Max Hunter
Max Hunter's picture

Perhaps after they have sucked all of the ideas and innovations out of the various corporations

I'm sorry.. I must have missed that gun pointed at the head's of American businesses that bolted over to sell the stuff back here.. I feel so sorry for them, against their will and all.. you know... just sayin..

Tue, 08/02/2011 - 20:51 | 1519143 Yes_Questions
Yes_Questions's picture

 

 

Unhappy Downgrade.

Tue, 08/02/2011 - 20:53 | 1519148 Scisco
Scisco's picture

I have a question, where is the US going to get the RMB to keep funding their trade imbalance if China stops purchasing treasuries? The States would have to begin exporting something other than debt no?

Tue, 08/02/2011 - 20:54 | 1519156 caerus
caerus's picture

just go to chinatown and get yourself a checking account and a massage

Tue, 08/02/2011 - 20:52 | 1519149 PaperBugsBurn
PaperBugsBurn's picture

fuckin aaa!

Tue, 08/02/2011 - 20:53 | 1519152 Diatribe
Diatribe's picture

AAA, AA, A, next stop college ball

Wed, 08/03/2011 - 01:26 | 1519609 zorba THE GREEK
zorba THE GREEK's picture

I only gave you up vote because of hot chick wiggling boobies.

Tue, 08/02/2011 - 20:54 | 1519155 slow_roast
slow_roast's picture

What kind of ratings does Dagong have across Chinese municipalitles?  Curious if their sharp swords cut at home as well.

Tue, 08/02/2011 - 21:01 | 1519178 chump666
chump666's picture

They are all junk.  So once a Western rating agency returns fire it will be directly at those - Art of War in full effect.  China's crash is primed now.  The markets are going to get so chaotic, volatile and nutso gonna be fascinating.

Tue, 08/02/2011 - 20:55 | 1519159 Bolweevil
Bolweevil's picture

Pfft! Moody's AND S&P will downgrade their asses.

Tue, 08/02/2011 - 20:58 | 1519168 Bolweevil
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(Don't make me bust out my Egan-Jones.)

Tue, 08/02/2011 - 20:55 | 1519160 jdrose1985
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LoL.

And China and its subcorporations have more than ZERO credibility...exactly how?

Wed, 08/03/2011 - 07:29 | 1519869 Pay Day Today
Pay Day Today's picture

They are not $17T in hock. Or just about to be.

They hold more in foreign reserves than the US has just increased its debt ceiling by.

They have an economy which has been growing at 10% pa for the last 25 years.

Do you require more? (And I'm not underestimating all the problems they are facing, they are facing lots).

Tue, 08/02/2011 - 20:56 | 1519164 chump666
chump666's picture

jeez anyone watching the CHF v's GBP?  Doomsday baby, bear market overkill kicking in. 

Tue, 08/02/2011 - 20:57 | 1519165 Alex2245
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Ok one last article for you guys. This one is BIG. too much evidence to not be something!!! Please check this out

 

http://theintelhub.com/2011/08/02/multiple-military-train-convoys-filmed...

 

Clyde Lewis, a veteran radio host, has had multiple callers report military movements seen in both Portland and Oregon City, Oregon.

As reported on Ground Zero, troop movements and or military movements have been reported on Ground Zero for several nights now. A caller phoned in that she witnessed that largest movement of Military vehicles, (Tanks, cannons, and other vehicles) through Portland and then southbound.

Another listener Jim sent us three known videos of this train From You Tube and the shots from witnesses are nothing short of breathtaking. Each video shows the movement of Military vehicles not painted for desert operations, but with digital or city camouflage. The question is where are these hundreds of vehicles going and for what reason?

From No Fly Zones, to miliary train convoys in Washington, to convoys along the Tennessee/ Kentucky border, all the way to military personal in fatigues seen in white vans in Arkansas City, reports of suspicious domestic troop movements skyrocketed.

Tue, 08/02/2011 - 21:09 | 1519197 EvlTheCat
EvlTheCat's picture

They are on their way to Alabama to break the bad news that SNAP is broke.

Tue, 08/02/2011 - 21:43 | 1519276 Cathartes Aura
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Sabotage by an insider at a major utility facility, including a chemical or oil refinery, could provide al Qaeda with its best opportunity for the kind of massive Sept. 11 anniversary attack Osama bin Laden was planning, according to U.S. officials.

http://abcnews.go.com/Blotter/terror-alert-warns-insider-threat-infrastr...

First Ever National Emergency Alert System Test Scheduled for November 9, 2011

http://wp.pierce.ctc.edu/blog/coe/2011/06/29/intergovernmental-advisory-...

tenth anniversary of nine eleven, FEMA (emergency government) planning a drill on 11.9.11.

good to pay attention to the multiple news stories converging of late. . .

thanks for the link Alex.

Tue, 08/02/2011 - 20:58 | 1519172 gwar5
gwar5's picture

.

 

Once again, the smartest person in the room is 1.3 billion Chinese.

I knew we were in trouble when, in Spring 2009, Geithner was literally laughed off the stage at the University of Beijing by the economics students, shouting, "Where's the numbers?! Ha!  Where's the numbers?!?"

Do NOT follow this link or you will be banned from the site!