Thursday, May 21, 2009

I said buy gold, not treasure

some of you may know what Moody's is, but its basically like equifax. You need to buy a car, the bank asks equifax what your credit score is. If a corporation wants to buy a company, the bank asks Moody's. Basically.

Now a goverment is a corporation, and England is about to get bitch slapped by Moody's. England is losing its AAA credit rating, and that will create a cascading effect, that Im not going to pretend to understand.

But it will affect the US.

Going to be interesting.

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