Is there a rating agency for fucking slavery? Buying or trading with China is a crime against humanity.
Yes, china is rated A+
And I for one, as an american,, want to take a moments break from driving around in my foriegn car using middle eastern oil, to fingerwave at the boogeyman for all our problems. Sure as shit ain't my fault, dog!
I think "do not watch what they say, but watch what they do" will be very applicable here.
The Chinese have accumulated more than $3 trillion in US treasuries. So their accumulation is directly related to the fiscal profligacy of the United States. Without a saver saving the debt, how can the debtor keep issuing the debt? They can't sell too quickly as that will destroy their portfolio.
I also think most of the Chinese wealthy save in foreign currencies such as the dollar and the euro, as the renminbi is a weak currency and inflation in china is rampant.
So sure Dagong can downgrade US debt, but that's basically noise.
It's likely prelude to the invasion, conquest and rape of California.
The PLA will announce that white dog Americans are unreliable devils destroying their currency to avoid paying the Han their due, leaving them only one choice: seizure of in-kind assets to repay the debt.
We'll wake up one morning with mushroom clouds over SF and LA and the hammer and sickle flying over Sacramento.
A friend barely got out with his investment back after 2 years. Everyone was lying to him. Subcontractors, people he hired, his customers, to an extent he knew it would be impossible to scale the business to any degree.