USA downgraded from AAA to AA+

[italkcash]

For the first time ever, USA has been downgraded from its AAA status to AA+ by the rating agency S&P (Standard & Poor's).

This significant shift in rating the biggest economy on the planet to AA+ instead of its safe haven of AAA proves that USA is no longer the same financial power is has always been.

The downgrade is due to the political mess from Washington in the past weeks. The politicians inability to act according to what some would see as complete madness and total lack of respect on its country has now finally been judged.

Politicians that once got away with anything and had a completely separation from their actions on playing around with astronomic amount of money not even close to anything a simple person can understand is over.

Other countries such as China seems to be fed up with the political scene in Washington D.C as well. "China, the largest creditor of the world's sole superpower, has every right now to demand the United States address its structural debt problems and ensure the safety of China's dollar assets," Xinhua news agency said.

"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," Xinhua wrote.

China also said further credit downgrades would very likely undermine the world economic recovery and trigger fresh rounds of financial turmoil.

A new world is coming and this time it wont be controlled by USA. Maybe for the better maybe for the worse. Time will tell.