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An 'Oh Please!' Moment: Is S&P Running Interference for the Right to Help Crush Social Security and Medicare?
by:
Dave Lindorff
Today’sbreathless anxiety-inducing headline was that Standard & Poors, the rating agency, has issued a “negative outlook” warning on US sovereign debt, claiming that the US, in comparison with other countries with a top AAA credit rating, has "very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us". S&P warned that there was a “a one in three chance that the US could lose its AAA rating in two years because of its mounting debt.” LINK...
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A message to those who live in Canada and have assets in the USA or worse yet, have jobs in the USA. You will get demoted at work, and you won't even know it. Beware of the currency exchange and learn to protect your financial exposure by hedging. If you need help in this regard please call and together we can design a strategy for you. BK
