AAA-rmageddon: S&P downgrade knocks off US credit crown (Videos)
2011-08-07 0:00

From: YouTube.com


"The United States’ prized top AAA credit rating has been cut for the first time ever. Standard & Poor’s has dropped America’s ranking to AA+. The destructive force is the crippling debt which Congress has struggled to agree on how to tackle, with only an 11th-hour deal to raise the amount allowed. S&P says that’s not enough - and falls far short of what’s needed to stabilize the government’s runaway borrowing. But the Obama administration says the analysis is way off, and will damage any recovery."


Video from: YouTube.com

"In the past week alone 2.5 trillion dollars have been wiped off the value of global stocks.
That is why world leaders and policy makers have been scrambling over the weekend, trying to find a way out of the turmoil on the international markets caused by the debt crises in Europe and the United States."


Video from: YouTube.com

"Conflicting and confused messages from Europe’s policy makers have raised concerns that next week may worsen the eurozone debt crisis.
Fresh worries over Europe’s bailout mechanisms this week hastened fears of another recession and saw stocks suffer their heaviest losses since 2008."


Video from: YouTube.com


"European finance ministers have expressed confidence in the US economy, in spite of the country’s credit rating being downgraded for the first time in history.
However, China - which holds the vast majority of US debt - is far from happy.
Leaders there have criticised what they called Washington’s "addiction" to debt. "


Video from: YouTube.com




Recession or Depression?

Economy Caught in Depression, Not Recession: Rosenberg (2010)




Related Articles
Finland in double-dip recession
Sweden unexpectedly slides back into recession
Even BLS Admits Birth-Death Model Skews Unemployment Numbers During Recessions
Death in the Recession: More Bodies Left Unburied
Recession is the birth pangs of a New Global Order, says Brown
Soros predicts worst recession for 50 years
Economic Expert: We Are Already In An Engineered Recession
Celente: Dollar not worth its paper, Greatest Depression up ahead (Video)
Top Retail Analyst: "What’s Going On Is That We Are In A Depression For 80% Of Americans"
Yastrow: “We Are on the Verge of a Great, Great Depression” (Video)
IMF warns over parallels to Great Depression


Latest News from our Front Page

Boris Nemtsov, Putin Foe, Is Shot Dead in Shadow of Kremlin - A Staged Shooting?
2015-02-28 22:37
NY Times: Boris Nemtsov, Putin Foe, Is Shot Dead in Shadow of Kremlin Mr. Nemtsov, a former first deputy prime minister of Russia, was killed in central Moscow in the highest-profile assassination in Russia during the tenure of President Vladimir V. Putin. A Staged Shooting? ... Why does the dead body of fitness enthusiast Boris Nemtsov have a pot belly? The Anti-New York Times doesn't ...
Holocaust, Hate Speech and Were the Germans so Stupid?
2015-02-28 20:31
Description form YouTube: This is an updated version of the video which was taken down by YouTube following a spurious copyright-infringement claim. It addresses issues regarding claims that Zyklon B in liquid form gives off fumes at temperatures below 0º C. As the world approaches the brink of a new Middle East crisis this time involving Syria, clearly at the behind-the-scenes ...
The Jewish Roots of Leonard Nimoy and What the ‘Live Long and Prosper’ Hand Symbol Really Means
2015-02-28 0:20
Leonard Nimoy first saw what became the famous Vulcan salute, “live long and prosper,” as a child, long before “Star Trek” even existed. The placement of the hands comes from a childhood memory, of an Orthodox Jewish synagogue service in Boston. The man who would play Spock saw the gesture as part of a blessing, and it never left him. “Something ...
Baby born still INSIDE his amniotic sac is hailed a ‘medical miracle’ by doctors [Video]
2015-02-27 22:46
What an incredible miracle… Not only was the little boy three months early – he was born inside his amniotic sac. I’ve never heard of this happening before. If you look at the picture, you can see him clearly with his little arms and legs curled up. He was still being given oxygen by his mom until the sac was ...
California Infant Dies after 8 Vaccines, Family Gets Him Back from Hospital Cremated
2015-02-27 21:55
Parents in California are distraught after losing their infant son after being vaccinated. He died in his sleep and was taken to the hospital already deceased. Hospital staff ruled his death as sudden infant death syndrome. The couple was told an autopsy was required to be performed on their son. After returning home, waiting to get an update, they never received ...
More News »