Dagong Rating Agency: “The US Has Already Defaulted”

The soundbite of the day comes from AFP which quotes the infamous Chinese Rating Agency Dagong, known for being a little too truthy, which told state media Global Times what everyone already knows but is afraid to say out loud: “‘In our opinion, the United States has already been defaulting….Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies – eroding the wealth of creditors including China, Mr Guan said.” Oddly enough, this contradict Tim Geithner’s heartfelt appeal that the US is pursuing a strong dollar policy. The Dagong announcement follows on the heels of various reports from earlier this weeks (most notably the SAFE announcement which was subsequently pulled) which are urging China to not only pull its US holdings, but to minimize its USD exposure in total. Now if only Moody’s would opine on the stealth 1.5 TARP Chinese bailout we noted earlier this week, then the full out credit rating cold war would be on like Donkey Kong.

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The European Union will become the largest debt holder of U.S. in the future.

Those that are manipulating not only the monetary supply of the world, they are also engaged in manipulating the people of this planet to covertly maneuver the New World Order into place so that they enslave all of mankind to be their worker bees in a world order of overseers that views mankind as slaves to the New World Order. This is Satan’s answer to making his twisted way work in a unified peace. But there will be no peace on any foundation other than that of Christ’s Jesus whom founded the world as Michael the firstborn Son of Yahweh, the ancient Israel Mother of all creation.

Isaiah 28:16 ‘Therefore the Lord GOD said: “Look, I have laid a stone in Zion, a tested stone, a precious cornerstone, a sure foundation; the one who believes will be unshakable.”

Revelation 17:8 “The beast that you saw was, and is not, and is about to come up from the abyss and go to destruction. Those who live on the earth whose names were not written in the book of life from the foundation of the world will be astounded when they see the beast that was, and is not, and will be present [again].”