Posted 5 years ago on Sept. 23, 2012, 11:21 a.m. EST by TrevorMnemonic
This content is user submitted and not an official statement
On Friday a key agency lowered my city's bond rating.
Our mayor calling it a "Devastating blow for the taxpayers."
Moody's downgraded our city's bonds from a "Triple-A" to "Double-A One Stable" citing 794 million dollars in unfunded pension liability.
The mayor says it was not unexpected.... even though no one in our government had released prior knowledge of a possible downgrade.
Get ready for the downgrades to continue.
"Unlimited resources for the banks and nothing for the people. Does there exist a more graphic example of how thoroughly rotten this financial system is? The Federal Reserve has trillions of dollars created out of nothing, gives it to the banks, banks keep it on deposit, gain interest, pays high CEO bonuses, fat cat city... all while the rest of America falls apart."
"There's another game going on way over our heads. The people are struggling... while the banks with the help of the federal reserve have captured control of our government. Could the threat to our nation's sovereignty be any clearer?" - Dennis Kucinich