Ratings of a Failed Empire

War is war. The US budget deficit for the first 9 months stood at a staggering $2 trillion when the US Treasury declared it would add another $776 billion to US debt before 2023 ends. These were absolute and unprecedented historical records. More war? No problem.

 

 2021  ─  Old news still good.

 

2023  ─ End game of US forces in the Sahel, in the Gulf, 

the Red Sea, the Black Sea, in Iraq, Syria, Ukraine, and Palestine.

Yesterday  ─  November 10  ─  the US government attempted to borrow $24 billion by selling some fresh 30-year debt. It was a huge disaster. In order to attract enough buyers, the rate had to be raised sharply. And even so, the major US banks had to buy 25% of the debt because there were no other buyers at all. Even frequent buyers like Japan didn't participate this time. With buyers catastrophically scarce, the US government keeps borrowing more than ever and has no intention of stopping. Well, if they really want to borrow such amounts, they will be forced to offer ever higher rates to attract lenders. Everyone knows what high interest rates are doing to their economy and people. The Biden administration's debt isn't just getting more expensive to service. It's also getting harder and harder to sell at all. 

 

 The never-bankrupt-empire's yield   ─  November 7 - 10, 2023.

 

Moody's downgraded the outlook on the US credit rating to 'negative' from 'stable', citing large budget deficits and declining debt affordability, prompting immediate criticism from President Joe Biden's administration. The revised view from Moody's means the likelihood of a further downgrade of the US over the next 12 months. The ratings agency said that "continued political polarization" in US Congress raises the risk that lawmakers will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability. Etcetera.

 

The American special tribute toll to the masters of their fate  ─  2007 - 2053.

Moody’s was the only and last of the three main credit rating businesses with a top rating on the US after Fitch Ratings downgraded the US government in August following their latest 'debt-ceiling battle'. S&P Global Ratings stripped the US of its top rating in 2011 amid what was brandished 'debt ceiling crisis'. Immediately after the Moody's release, White House spokesperson Karine Jean-Pierre said the change was "yet another consequence of congressional Republican extremism and dysfunction." And Deputy Treasury Secretary Wally Adeyemo disagreed with the evaluation. He said the Biden administration had demonstrated its commitment to fiscal sustainability, the American economy remains strong, and Treasury securities are the world’s preeminent safe and liquid asset. Sure, except for some good reasons.

 

» The Civilization-State always maintains self-sufficiency, autonomy and autarchy.
The Globalist-State does not. «

Alexander Dugin, The Civilization-State. ─ June 02, 2023.