Philosophy Wire by Spiros Kakos [2011-07-16]: Obama discusses with the Republicans for the increase of the country’s borrowing limit, while Americans are worried about US going into default. Credit Rating Agencies have already warned about the downgrading of the US debt rating. The System of Money has become so powerful that even the country that once invented it cannot control it… But in any case some things are just common logic: How can a country with a continuously increasing 14,300 billion debt have a credit rating of AAA? China's Dagong rating agency had downgraded US back from 2010 [source: Reuters News]. But no one listened then…(c) Philosophy WIRES - Commenting world news from philosophy's perspective...
