US Credit Rating at Risk of Fitch Cut on Debt-Limit Impasse

literal LOL

the US dollar is beyond the power of a rating agency

the fact that all of the industrial economies have generated so much debt in the last generation and still get AAA ratings tells you how pointless these ratings are for currencies-that-matter

Canada has the highest debt-to-GDP ratio in the G7 now and it also has AAA rating

until someone sells Martian government bonds backed by hard assets and yearly balanced budgets...buyers have no choice but to buy toxic assets

when governments inflate, they pay back debt with less worthy currency...so the US and everyone else is basically slow-motion defaulting over time anyway