June 28, 2011. Last week I saw a news feature on what would happen if the US would loose it’s triple A rating.
Since some time this option is seriously and openly discussed in financial circles.
It would mean that the US would loose it’s role as economic power and leading nation.
Unless Obama and Congress come up with a plan to cut the enormous US debts this is a serious option to take into account.
It would mean the American government would not be able to borrow money as easy as in the past.
Actually it means that the US are in fact bankrupt.
Will it happen?
We will see what the US government comes up with.
Robert Oosthout.
