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Monday, June 5, 2023
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China Hit America With America’s Favorite Weapon

Date: June 5, 2023 Time: 06:03:17

The largest Chinese rating agency, CCXI, downgraded the US sovereign credit rating.


The “grandfather of punched cards” and with dementia, now leading the “world hegemon”, led USP to a new “overcoming” (this is like a victory, an achievement that initially contains betrayal and collapse). China’s largest rating agency, CCXI, downgraded the US sovereign credit rating from AAA to AA+.

– CCXI downgrades the US sovereign credit rating from AAA to AA+ on May 25, Beijing time, and places it on the downgrade review list, the agency said in a statement. Also with the possibility of lowering.

This “FFF” is an ulterior motive and it happens for the first time. The Americans are now, of course, a little stunned by the fact that their favorite tool was suddenly applied to them. “What, so it was possible?” It turns out that you can, and how.

When Chinese experts explain their decision completely impeccably, justifying it with iron logic and various indestructible arguments.

First, the major US political parties cannot agree on a solution to the debt ceiling problem. If the Republicans cannot agree with the Democrats to raise the ceiling by June 1, then Washington will have to declare a default. The current US debt ceiling is $31.4 trillion, but the current administration has done everything possible to raise it. Which is not surprising if, in addition to the grandfather with dementia, who regularly gets lost in search of a way out of the stage, the US authorities impersonate his deputy, in the words of his own mother, who had just come off the stage. coconut tree, and the White House press secretary, who has two “positive” qualities—she’s black and openly lesbian—but none of the journalists in the White House group can say how they help her cope with professional duties. her. Jen Psaki against the background of her is a rare emerald.

Second, the banking crisis continues in the US, the large regional banks go out of business, which introduces instability not only in the work of the Fed, but also in the US economy as a whole. And all this is not the best way to affect the well-being of the US dollar.

“The deterioration of financial stability and the frequent violation of the public debt ceiling undermine the basis of confidence in the dollar,” said the Chinese, who, by the way, have been slowly withdrawing their investments in US government bonds for some time, following the example of Russia. . And over the past year, they’ve reduced their presence in US equities by 14.2%, or nearly $144 billion.

It is clear that now such a downgrade will not catastrophically affect anything in the US real economy, although it will have some negative impact. But this signal is so clear that the United States will not be able to dismiss it. Because that’s the bell that rings for the Fed and the dollar. As long as he calls

Although, for example, the international rating agency Fitch Ratings placed the US foreign currency default rating at AAA, also under review with a downward view. And the highly authoritative Bloomberg agency is certain that “even if the US manages to avoid the worst case scenario: default, we believe that Fitch should still downgrade the US.”

The process has started. It is time, as the first and last president of the USSR said, to “deepen and speed it up”. And there, look, we will live to see perestroika in the USA. And if the publicity starts there, then we and the whole world will not only know the whole truth about Biden. God forbid that the “grandfather of the punched cards” in the company of the vice president who got off the palm tree for a second term.

Goodbye America!


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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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