[expat_panama]

We've had down grades before and they were false alarms --imho this time is different but certainly not because of what China's state run press says.  The serious down grade is happening in the market place as T-bill interest rates have been soaring over the last few days--

Related video:

• 8:34 The US Debt: Just Wait Until Interest Rates Return To Normal! We're Screwed -by Bryan Binkholder

[Jumper]

Alas I should have excerpted the mentioning that this rating agency is probably more of a Chinese publicity arm rather than an official rating agency. About the only good thing about T-bill’s interest is that my TSP G Fund will receive a nice bump.