The govt. has pointed out the USD 2 Trillion error in calculation by S&P because the ceiling has already been raised by that amount and that its AAA rating still holds good. What this REALLY means is that the US IS RISKIER by USD 2 Trillion. Which would you rather believe? What is there to hedge against this USD 2 Trillion risk? Definitely not Gold, because we crossed that threshold years ago. Does anybody, I mean ANYBODY know how much counterfeit USDs are out in circulation around the world? Again, NO!!!

The head inside the sand approach WILL NOT WORK. The govt. can do better to reduce risk by generating more jobs, encouraging manufacturing, stop wasting funds on wars that do not make any sense to the majority, go all out against the illegal monies parked abroad by the privileged ones, to name a few.

S&P's backing away from the downgrade is giving into Consensus Reality. Will the facts change if S&P were to upgrade the US to AAA? NO!!! The old habits will continue to get repeated until it's time for the next raise.

Extreme Capitalism, just like Extreme Communism, HAS FAILED!!!