*BREAKING: S&P CUTS UK CREDIT RATING TO AA FROM AAA
welcome to the club lads
>>78946194
Hahaha, one of us!
>>78946194
Holy shit, countries have credit ratings?
Isn't that how predatory lending starts?
Have we learned nothing since the housing market collapse, now we do it to entire societies?
That was quick.
>>78946747
Anon, do you even the terms of the Marshall Plan?
>>78946830
no, can you point me in the right direction?
>>78946747
Yes. Anyone who pledges credit has a credit rating (read: counties, cities, states, etc.)
>>78946194
jews aren't happy about brexit, huh?
i wonder how they would feel about a trump presidency?
really makes u think
>>78946194
So the two most important nations that have ever existed are being punished by the (((cunts))) who officiated the global credit crash of 2008 for not being suitably obedient to (((them)))?
This is good.
>>78946194
>some rich people pressed a button and some numbers changed on a display
geez oh man
>>78946747
USA Economy
>Get paid
>Spend money on useless crap for other people
>Borrow from a friend
>Friend asks for money back
>Get a PayDay Loan
>Get another PayDay Loan to pay off first Loan
>Get another PayDay Loan to pay off second Loan
>Out all your salary into PayDay Debt
>Still not cutting the cake
>Get another PayDay Loan
We dropped from AA to AAA because David Cameron wants to move a portion of the Leave voters to the Remain camp with enhanced scaremongering, fuelled by instability rought by EU national directives and irresponsable economic behaviour by the Chancellor. We will be called to a second referendum vote before he resigns, either he will call it after 'increased pressure' or the EU will call it after 'increased concern'.
We aren't out of the EU, we were never permitted to Leave. Unfortunately, we ride till we die, my niggas.
>>78947298
white people don't get pay day loans m8. its degenerate
>>78946973
For the banks to bail us out at the end of the war (WWII), we had to agree to let all spending/finances be entirely visible to their scrutiny - the Marshall Plan - we (Allies and Axis alike) all said k
Russia rejected the plan terms and came up with their own alt offer towards Eastern Bloc countries, the Molotov Plan
This was a defining moment in the establishment of the literal and metaphorical "Iron Curtain"
We handed the West over to international banks and investors and that's just how life has been since
>>78946194
Wow the global jew club does x.
Their ratings are quite meaningless since 2008.
This shit is on the same par as libtard polls
>>78947410
60% white though.
>>78946194
The jew is annoyed it's plans are not working.
I wonder if we will finally kill them all this century...
>>78947298
>e dropped from AA to AAA because David Cameron wants to move a portion of the Leave voters to the Remain camp with enhanced scaremongering
but the 2nd referendum won't happen.
Not to mention how can cameron change the rating.
* Credit rating agencies
* having any fucking clue
pick one
>Hundreds of billions of dollars' worth of these triple-A securities were downgraded to "junk" status by 2010, and the writedowns and losses came to over half a trillion dollars
>>78947649
interesting. I take it COMECON was mostly a failure? Due to poor execution or just inherent weakness in socialism?
>>78948322
in the housing market or companies?
Same methodology for rating them? Isn't this how cooked books happen and Greece did just that?
>>78948422
>>78948339
or countries. I mean. not companies
also, checked.
>>78946194
So what does this actually mean in real world terms?
>>78948422
>It has been suggested that the credit agencies are conflicted in assigning sovereign credit ratings since they have a political incentive to show they do not need stricter regulation by being overly critical in their assessment of governments they regulate.
But don't listen to me, I'm just wikipedia posting.
>>78948972
The UK will have to borrow money at a higher rate of interest. It will be a very small increase but when you take into account that you're borrowing tens if not hundreds of billions of dollars it adds up.
>>78947298
don't know if you have seen the debates that have been going on in parliament but Cameron has confirmed that their will not be a second vote.
>>78949775
Does this mean if I buy British bonds I will make more money? Or is the difference in interest really insignificant to the average person?
>>78949214
makes sense to me, but what do they gain from lending to a bad egg? I seiroulsy don't understand.
why do you want them to default?
>>78946604
>there are Americans that unironically believe this
>>78949775
>The UK will have to borrow money at a higher rate of interest
This off the back of news that UK government bonds are now at the lowest price EVER RECORDED?
Am I missing something here?
>>78948972
You can't borrow from Mr Shekelberg as freely
>>78946194
American credit ranking ain't nearly worth that much, but it just happens most of credit ranking companies are based in USA, which is one more reason to kill all Americans as global plague.
>>78950212
They've already killed themselves
>>78950043
Let it out, Bartholomew, let it all out...
>>78950335
>implying this cancer will end fucking up other nations
>>78947158
SPQR can't be punished as it it no longer exists.
Are there any countries with AAA left? Is it just Germany now or what?
If there aren't any, maybe they should consider "adjusting" the scale.
>these credit ratings are from the same fucking people who rated CDOs and MBS AAA 10 years ago
Who gives a shit?
>>78950595
Most of Western Europe is AAA
Also Canada for some reason
>>78946194
>worthless mortgage debts
>AAA
England should've bribed them to get a better rating.
>>78950630
That's only half of story, they lowered credit ranking of European countries to force them into EU. Not so long ago they also lowered credit ranking of countries to force all banks to be sold in countries of EU. They literally want to build federal reserve of Europe, then they can start calling it United States of Europe.
>>78950715
As I thought, it really is just Germany, Switzerland and the nordicks. I wouldn't say that's "most".
>>78946194
Leave Europe
Lose tripple Aids rating
were just de-pozzing ourselves anon
>>78950595
Countries that have a AAA from the 3 big rating agencies are: Australia, Canada, Denmark, Germany, Luxembourg, Netherlands, Norway, Singapore, Sweden, and Switzerland.
US: AA+, Aaa ,AAA
UK: AA, Aa1, AA+
>>78946194
I think the best thing this has taught me is that it all means fuck all because nothing has actually happened but the markets still managed to shit themselves like something actually did.
>>78951533
>nothing has actually happened
Those are some impressive powers of denial, there. Good on you, dog
>>78951533
There are a lot of powerful people with a vested interest in seeing us fail right now.
>>78951803
He's right though. Other than making solid our intention to leave the EU, nothing has changed. Everything that was in place before the referendum is still in place now.
>>78950594
Said the Swarab on a US website, in English.
>>78951949
>nothing has changed
Quite right. Some are saying that the next PM will turn out to be too chickenshit to actually trigger the process, and that they'll just put it off indefinitely. Nothing will change, indeed.
>>78952258
They will trigger it. Ignoring a referendum with a higher turnout than that which put the government into office would not be a wise political move.
What I meant though is that as far as trading mechanisms etc go, nothing has yet changed and likely won't for another year at least.
>>78946194
lets think of it this way
you have economy. you have no restrictions on it. a rich guy who uses all the methods avable to make more money.
eventually it leads him owning most of the things that are connected to your economy and markets. he starts to impose things you do not like. you decide to vote yourself off from rich mans grip.
so would you honestly believe he wouldnt pull his aquired assests away from you? as i said he controls most of the economy, lets say 99%. suddenly all the things that were in place to make more profit and more power for the rich guy, is now pulled out, leaving you with nothing. THIS IS what happens when you let market run rampant, it will eventually consume everything. the sooner you stop it the more you can salvage from the leftovers
great depression isnt just a joke from the past, it will come to pass again
>>78952258
not sure how much I buy this. As much as I'd like article 50 not to be triggered, nothing else can happen because the referendum was won by leave.
Though if leave lost there'd be calls for a second referendum from Farage.
>>78952834
>Though if leave lost there'd be calls for a second referendum from Farage.
He ruled that out. Mainly because he knew we weren't going to be allowed it by the government.
