“In the United States there is already a funding crisis. And they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off [on]. And so I think the US might be on course to lose AAA rating. Even the chairman of sovereign ratings for Standard & Poors has warned that there is a lot of pressure now on the US’ AAA rating…. Of course they could raise taxes but if they raise taxes, you know, it’s the same thing as raising interest rates, it will just kill off more of the economy and the economy is already in very dire straights.”
