LIONEL PODCAST: Don’t Worry About Credit Rating Downgrades. China’s Double-A Too!

Stop your worrying. It’s going be OK. Japan was downgraded. So were China and Spain. The area is so arcane, so recondite that most Americans will stare narcotized before they nod off completely. This is the greatest challenge, viz. trying to explain the nuances of globalism, asset-stripping banksters, monetary three-card monte, T-bill credit ratings and a host of soporific, coma-inducing dollar talk. This isn’t economics. It’s politics merged with something vaguely resembling economics and sleight of hand and legerdemain thrown in for good measure.

Confused? Good.

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