We are one major scare away from global financial markets unraveling
Moody’s Investors Service put the U.S. under review for a credit rating downgrade as talks to raise the government’s $14.3 trillion debt limit stall, adding to concern that political gridlock will lead to a default. The AAA ratings of financial institutions directly linked to the U.S. government, including Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the Federal Farm Credit Banks, were also put on review for cuts, Moody’s said in a statement today. The U.S., rated AAA since 1917, was put on review for the first time since 1995 on concern the debt limit will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes even though the risk remains low, Moody’s said. The rating would likely be reduced to the AA range and there is no assurance that Moody’s would return its top rating even if a default is quickly cured. “It certainly underscores the importance of passing the debt ceiling and not putting us in default status, and making sure there’s a longer term fiscal plan to contain spending and the deficit we’ve been running up over the last few years,” said Anthony Cronin, a Treasury bond trader at Societe General SA in New York, one of the 20 primary dealers that trade with the Federal Reserve. “Maybe it’s the impetus to say we’ll need more of a concession.” The dollar weakened and Treasuries were little changed after the Moody’s statement. IntercontinentalExchange Inc.’s Dollar Index, which tracks the greenback against the currencies of six U.S. trading partners, including the euro, yen and pound, slid for a second day, shedding 1.1 percent.
“They will throw their silver into the streets, and their gold will seem like something filthy. Their silver and gold will be unable to save them in the day of the Lord’s wrath. They will not satisfy their appetites or fill their stomachs, for these were the stumbling blocks that brought about their iniquity.” Ezekiel 7:19 (HCSB)
“Their silver and their gold will not be able to rescue them on the day of the Lord’s wrath. The whole earth will be consumed by the fire of His jealousy. For He will make a complete, yes, a horrifying end of all the inhabitants of the earth.” Zephaniah 1:18 (HCSB)
Read more about Global Monetary Collapse Prophecy Fulfillment HERE