tag:blogger.com,1999:blog-6089228851855763774.post5456078860015796498..comments2024-03-29T07:10:06.022+08:00Comments on Gold Chat: Credit ratings agenciesBron Sucheckihttp://www.blogger.com/profile/00530576934994289879noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6089228851855763774.post-39323332364654344072009-02-21T20:54:00.000+09:002009-02-21T20:54:00.000+09:00Bron, None of this stuff matters. The only thing t...Bron, None of this stuff matters. The only thing that matters is that U.S. Treasuries are denominated in U.S. dollars and there is no finite limit on the joint ability of the Federal Reserve and Treasury Department to create new dollars to pay them off. Since neither S&P nor Moody's has currency devaluation built into their credit risk models, there is no reason to expect that Treasuries will ever be downgraded from triple A rating regardless of the circumstances.Anonymousnoreply@blogger.com