CHINA DOWNGRADING AMERICA'S DEBT IS LIKE....(JOIN THE FUN, MAYBE WIN A PRIZE)

dailycaller.com

CNBC (and several other financial outlets) are reporting that China has downgraded America’s debt and has also given the United States a “negative outlook.” This change, dropping the dollar from A+ rating down to an A rating (identical to Russia’s rating, but five levels below what Moody’s give the US) is not expected to have any real effect on interest rates or the bond markets. According to CNBC:

Dagong’s ratings cut though is unlikely to have any major implications in the bond market, given that most investors rely on ratings from the big three firms – Moody’s, Standard & Poor’s and Fitch.

So there you have it. China states the obvious – America has a little credit and cash problem. But, come on…really China… a country that manipulates its own money so openly really has no business commenting or downgrading our currency.

Let’s all play the game – China downgrading America’s dollar is like…

OJ Simpson offering to be a character witness for Casey Anthony …

The NY Yankees complaining about the Boston Red Sox rising payroll…

Rev Al Sharpton calling out ANYONE for hypocrisy…

Join the fun – email your comparison HERE… mike@theblaze.com

24 hours from now (10am Eastern time) a Blue Ribbon panel will select and post the top three answers and award the winners with a fabulous “Truth Has No Agenda” t-shirt.

Truth Has No Agenda t-shirt

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