The David Hunter Perspective - 2022-08-16

Read on for today's agenda below prepared by David (thank you very much). - Retired US Diplomat to 5 different nations  David Hunter shares his knowledge, passion, interest, and experience.

1)Fitch Rating Agency Downgrades US Treasury Bonds: One of the three main credit rating agencies, Fitch, has downgraded the US Government bonds from AAA to AA+, which may have big consequences for US $30 trillion in debt. Why did Fitch do this? What happens if one of the other rating agencies also downgrades?

2)Russian Ruble's Value Declining?: This week the Ruble declined in value. It now takes 100 Rubles to buy 1 US Dollar. But Russia still has the fifth largest foreign exchange reserve in the world, over half a trillion dollars. What is going on?

3)Chinese Real Estate Giant In Threat of Default?: 'Country Garden' one of the largest builders and developers of commercial and residential real estate in China, is on edge of default. It was unable to sell $300 million in bonds to cover current debts. What happens if it slips into credit default? Will it bring down the Chinese banking system?

4)Nuclear Weapons Development And Uses: Since the Hiroshima nuclear attack, thermonuclear weapons have been evolving. We have not had any further use in combat, so don't know how they might be used. What is the current theory of how to use such destructive weapons? Will the US public support this?

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