https://www.youtube.com/watch?v=Z-Cwv1Sw-bI

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YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.

https://www.youtube.com/watch?v=dbNbW3o9oPo

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The Moody's rating agency said on Friday that it has downgraded the long-term issuer and senior unsecured ratings of the United States government from AAA to AA1 and changed the outlook from stable to negative.

"Moody's Ratings (Moody's) has downgraded the Government of United States of America's (US) long-term issuer and senior unsecured ratings to Aa1 from Aaa and changed the outlook to stable from negative. This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns," the agency said in a statement.

It added that the US' fiscal performance is likely to deteriorate compared to its own past and "compared to other highly-rated sovereigns."

"As a result, we expect federal deficits to widen, reaching nearly 9% of GDP by 2035, up from 6.4% in 2024, driven mainly by increased interest payments on debt, rising entitlement spending, and relatively low revenue generation. We anticipate that the federal debt burden will rise to about 134% of GDP by 2035, compared to 98% in 2024," the statement read, adding that the long-term growth of the US' GDP is not expected to be affected despite its likely slowing in the short term.

https://sputnikglobe.com/20250517/moodys-downgrades-us-credit-rating-1122069674.html

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Japan’s Treasury holdings remain the world’s largest, currently standing at $1.13trn. Japan warned in early May that it could use its holdings as a trump card in trade talks with Trump.

China and the UK have flipped places in the ranking of top foreign holders of US Treasuries, with the Asian nation’s holdings shrinking from $784bn to $765bn from February and March, while Britain’s grew from $749bn to $779bn during the same period.

Britain’s Treasury holdings haven’t been higher than China’s since October 2000, when the People’s Republic’s economy was far smaller (3.3% vs 19.6%), and the UK’s larger (3.3% vs 2%), as a percentage of global GDP.

“This is a warning to the US,” Natixis Asia-Pacific chief economist Alicia Garcia-Herrero told UK business media, pointing out that China has been slowly offloading its US Treasury assets for years after hitting a peak of over $1.3tn in 2011.

Russia sold off virtually all of its US Treasuries in 2018 amid US readiness to use the dollar as a weapon, with current holdings of about $25mln down from a historic high of $176.3bn in October 2010.

https://sputnikglobe.com/20250517/for-first-time-in-a-quarter-century-china-no-longer-second-largest-holder-of-us-treasury-debt-1122072521.html

READ FROM TOP.

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.

https://www.youtube.com/watch?v=loOvDWJFOHE

READ FROM TOP.

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT.

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.