Today is Sat, October 21, 2017 18:08:41 GMT
RSS Follow Us Follow us on Twitter Friend us on Facebook
Contributors Standard & Poor’s Cuts Ratings on Many Major U.S. Banks!
How You Could Make 150% Gains as Silver Soars to $75

Right now silver prices are giving investors a thrill ride, but it’s not the time to buy. Find out why in this free report.

Enter your Email Address Here:

Privacy Policy
Sovereign Investor FAQ

As I was wrapping up my day on Tuesday, this came across the newswires:

Standard & Poor’s ratings service just cut the ratings of Goldman Sachs, Bank of America, Morgan Stanley, Wells Fargo and Citigroup.

They even gave Goldman Sachs and Wells Fargo a “negative outlook”. Of course, I don’t see how they can have a “positive outlook” on any of them when they’re downgrading them…but that’s rating services for ya!

But guess who Standard & Poor’s upgraded? The Bank of China and China Construction Bank Corp. In fact, now this places their ratings above some of the major U.S. banks out there. My how the tide is turning.

The U.S. is being dethroned a little here and a little there. In fact, it’s such a gradual process over time that the masses won’t even realize it until its way too late.

Make sure you have some assets outside of the U.S. and make sure that some of your assets are denominated in something other than dollars. Hold some Aussie dollars, Canadian dollars, New Zealand dollars…gold, Swiss francs etc. but whatever you do, don’t have everything tied up in the greenback and within the U. S. borders.

Sean Hyman
My E-Book
Editor, Currency Cross Trader

Recent posts by forexnews