China
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China Downgrades US Credit Rating From A- To BBB+, Warns US Insolvency Would “Detonate Next Crisis”

In its latest reminder that China is a (for now) happy holder of some $1.2 trillion in US Treasuries, Chinese credit rating agency Dagong downgraded US sovereign ratings from A- to BBB+ overnight, citing “deficiencies in US political ecology” and tax cuts that “directly reduce the federal government’s sources of debt repayment” weakening the base Read More…

Equifax
Business Conspiracy Finance Government Politics Top News

Equifax Grossly, Illegally Misleads Clients About Hack – Hired By IRS To Safeguard Taxpayer Data

Just hours after Equifax CEO Rick Smith wrapped up his testimony before the House Energy and Commerce committee – the first in a series of Congressional “fact-finding missions” about the hack – Politico reported that the IRS last week awarded the disgraced credit monitoring bureau with a $7.25 no-bid contract even as the company struggled to address Read More…

China
Business Economy Finance Politics Top News World

US Sanctions Backfire: China Opens New Credit Line To Iran, Bypassing US Dollar

Following the Trump administration’s move to target Iran with fresh sanctions while ending sanctions relief, China has come to Iran’s aid with an extraordinary gesture. According to the Times of Israel, the president of Iran’s central bank announced that a Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks. The contract for Read More…