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Prechter: Us To Lose Aaa Rating By End Of 2010

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Is anyone going to keep the coveted AAA rating ?

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Am I boring you with news that is already priced in?

Another armageddon prophecy by a TA expert who "predicted the 1987 crash"?

Wow, I'm really sh1tting my pants, yawn

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The US will lose the "coveted AAA rating" long after it deserves to, as the "rating agencies" are effectively agents of US monetary policy.

What will actually happen is that "rating agencies" within the central banks of China, Russia, India etc. will downgrade US debt, and the Anglo-Saxon "rating agencies" will be exposed as meaningless shills.

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