I’m a United States citizen. Moody gives the US a AA+ credit rating (it was downgraded from AAA in 2011).
How can this be, despite the substantial amount of debt the US holds that only continues to grow?
Is it GDP, defense capabilities, the dollar being the de facto currency almost worldwide? A combination of these? Or is there another huge factor(s) I am missing?
In: 54
Answer: Because the US can print money out of thin air to pay back their debts. Printing obscene amounts of cash won’t put a dent to demand for US dollar. So they pay their interests on time by conjuring money from thin air, that’s why their rating is so high, cause they know how to cheat the system, in fact they are the system.
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