LISTEN: Why the Chinese downgraded the U.S. credit rating

LISTEN: Why the Chinese downgraded the U.S. credit rating

The U.S. credit rating has been downgraded by a Chinese ratings agency, indicating a continued negative outlook for the dollar.
Click Play and Listen to this clip to find out why:

[soundcloud]https://soundcloud.com/rare-us/herman-cain-on-the-u-s-credit[/soundcloud]

As we mentioned before, the deal to end the shutdown has effectively removed any enforcement of the debt ceiling until February 7th. No wonder the Chinese consider loans to America more risky.


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