The US government comes within hours of defaulting on its sovereign debt and it's S&Ps fault? For what? For causing the budget defect, or for daring to mention it?
Both, actually. S&P gave AAA ratings to all those bogus CDS which have now proved to be worthless. I'm glad they pulled the curtain back on the national debt and let a little sunshine in. I hope it scares the hell out of everyone because the world has a problem it can't solve and it will fall apart all by itself, no matter what the FED does – no matter what the ECB does – no matter what the IMF does (which is basically to steal countries for private individuals).
OK, so the FED has spent all the money it didn't have and the ECB is going to do the same thing. Then they will own all the bad paper – that is to say, the taxpayers of the world will own all that bad paper so the rich people don't have to take a loss.
They don't have enough money until they have ALL the money and can create a depression – and then buy up the rest of the world with our money. That's what all of this boils down to and that's exactly what is happening.
Are you growing food yet?