Martin Hennecke – “U.S. may lose its ‘AAA’ credit rating”
I have been reading these rumblings every since we started our massive corporate welfare program that we now call “The Great Bailout“. We have been issuing a massive amount of short-term debt in the form of treasuries to handle all of these bailout facilities.
When you do this, it does raise the question if you will be able to make good on these obligations and even if you do meet them, will you be paying back the debt in a seriously depreciated currency (ie: U.S. Dollar)? Martin Hennecke takes issue with this subject in this CNBC video on the “Worldwide Exchange” show.