As we anticipated the crisis favors the emergence of a new sovereign, Euroland,
which now allows the Eurozone to be much better prepared than Japan, the United States or the United Kingdom  for the Autumn 2011 shock … even if it ends up, quite reluctantly, playing the role of detonator.
…. the United States now finds itself under the threat of a downgrade, as we had anticipated, even though it seemed unthinkable to most experts only a few months ago. At the same time, the United Kingdom, France, Japan… also find themselves in the rating agencies’ crosshairs .
Remember that these agencies have never forecast anything of importance (neither subprime, nor the global crisis, nor the Greek crisis, nor the Arab Spring, …).
If they downgrade willy nilly today it’s because they have been caught at their own game
one enters the heart of the contagion process that will trigger the US federal debt bomb.
Comment by Adamantine:
We do not wish to see an economic time bomb go off but we do desire to see the Return of Christ.