Jim Rogers made an interesting comment on CNBC business news the other day, when he said; "the United States has already lost its credit rating." What he was referring to was the reality that the credibility of the full faith of the US dollar and U.S. Treasury doesn't mean what it did once before because of all the bickering in Congress, and the inability for them to balance their budget, refrain from spending America into oblivion, and all of the politics involved in getting something simple done such as setting a debt limit, and living within its means.
Source: http://EzineArticles.com/6463790
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