Everyone But the Rating Agencies Knows the U.S. Has Already Lost Its AAA Rating

This post by JDA probably explains this chart from Business Insider.  – Ilene

Courtesy of Jr. Deputy Accountant 

This is from Jim Rogers’ wise mouth:

“Everyone already knows that the U.S. has lost its AAA status,” Rogers said. “Anyone who knows what is going on, already knows that the U.S. is now the biggest debtor nation in the history of the world. It’s only S&P and Moody’s that haven’t figured out what is going on. The investment world knows that the U.S. is not AAA.”

Anyone feel like writing a memo?