Newsgroup: it.politica.internazionale
Titolo: China rating agency blames U.S. for "credit war"

Beh, effettivamente, tentare di innescare la ripresa statunitense 
stampando dollari all'ingrosso per averne da spendere è un tentativo di 
tosare i creditori.
Una mossa rischiosa che richiede tempismo.
Visto che si fa credito a chi ispira fiducia, o il tentativo riesce in 
un breve arco di tempo oppure non ci sarà più credito.
E con un deficit di bilancio di 1.500 miliardi di dollari non avere 
credito può diventare un dramma.
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China rating agency blames U.S. for "credit war"
BEIJING | Fri Jan 28, 2011 7:20am EST
BEIJING (Reuters) - The United States is effectively printing cheap 
dollars as it implements an ultra-loose policy to spur its flagging 
economy, setting the stage for "a world credit war," a Chinese rating 
agency said on Friday.
The Beijing-based Dagong Global Credit Rating, a relative newcomer in 
the sovereign debt rating realm, said in its 2011 Sovereign Credit Risk 
Outlook that quantitative easing by the U.S. Federal Reserve has "eroded 
the legitimacy of the global monetary system that takes the dollar as 
the key reserve currency."
The policy easing was also "bringing the U.S. dollar's credit-worthiness 
to a vulnerable position," it said.
Dagong, which has been rating Chinese corporate bonds since 1994, 
created a splash by rating the United States at double-A, below China's 
AA-plus, in July 2010.
It downgraded the U.S. sovereign credit rating last November, following 
the Fed's decision to pump more dollars into the U.S. economy.
Although Dagong's statement does not fully represent Beijing's view, it 
was in line with the government's unhappiness with the U.S. policy 
easing, which has been blamed by Chinese officials for fuelling global 
inflation risks.
As China's $2.85 trillion foreign exchange reserves are mainly 
denominated in U.S. dollars, Chinese Premier Wen Jiabao had publicly 
voiced concerns of the assets.
President Hu Jintao told a recent G20 summit at Seoul that China wanted 
"an international reserve currency system with stable value, rule-based 
issuance and manageable supply."
But Dagong said in the English-language report that the United States is 
trying to "haircut" its creditors by permitting a weakening currency.
"The behavior that the United States ignores international creditors' 
legitimate interests indicates a dramatic decline of the country's 
willingness to repay the debt," Dagong said.
In defining the "credit war," Dagong said "it aims at encroach on other 
countries' interests through continuous depreciating the actual value of 
the currency; and it arouses all the countries in the world to take 
various credit resources as a financial weapon to safeguard the national 
interests."
It added that the capital flows into emerging economics stemmed from 
cheap dollar is "a destructive factor to the healthy economic 
development in different countries."
PORTUGAL AND SPAIN
Dagong added the sovereign debt crisis in the euro zone countries would 
intensify in 2011 and it may downgrade of sovereign credit ratings on 
Portugal and Spain.
"Countries, such as Portugal and Spain, will have to ask for bailouts in 
2011," it said.
Earlier this month, China reaffirmed a commitment to buying Spanish 
bonds while newspapers in December said Beijing was ready to buy 
Portuguese debt to help it through Europe's spreading debt crisis.
Echoing the International Monetary Fund and western rating agencies, 
Dagong also warned that the governments in the United States, Japan and 
Germany will face higher pressure on debt repayment in case of 
inflation, economic downturns or if investors start dumping their bonds. 
It did not elaborate.
Ratings agency Standard & Poor's cut Japan's long-term debt rating on 
Thursday for the first time since 2002, and hours later Moody's 
Investors Service warned the risk of the United States losing its top 
AAA rating, although small, was rising.
The International Monetary Fund said the G7's two biggest economies 
needed to spell out credible deficit-cutting plans before the markets 
lose patience and dump their bonds.
(Reporting by Zhou Xin and Kevin Yao; Editing by Kim Coghill)

 tosare i creditori.
un caso di signoraggio causato dalle scie chimiche.

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Sta avvenendo l'inevitabile, col dollaro che si svaluta a ogni QE.
Gli UK hanno debito per 4 volte il PIL
Il Giappone oltre 4 volte
Korea, Spagna, Svizzera, Francia Italia, USA debito per tre volte il
PIL
La splendida Germania ha 2.8 volte il PIL in debiti vari.
Abbiamo assistito negli ultimi 10 anni ad un mondo dove tutti facevano
gli splendidi coi soldi a prestito.
Adesso assistiamo a cose assurde, interessi per le banche prossimi a
zero%.
Con le banche che accedono al denaro a costo zero e lo ripiazzano dove
rende per incassare.
In questo modo si spera si ricapitalizzino, per tappare l'enorme buco
che hanno addosso.
Esiste un buco di debito folle, diversi anni di lavoro di tutto il
mondo per ricolmarlo.
Siamo vicini o gia' dentro una guerra per accedere al credito.

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Vuoi dire, causato dalle scie cimicie, di casa tua.

puï¿œ diventare un dramma.
se infatti i cinesi smetteranno di comprare debito Usa il dollaro si 
deprezzerï¿œ ma pure i fondi cinesi diventeranno carta straccia...