Comment on the Wall Street Journal article:
http://online.wsj.com/article/SB10001424052702303812104576437641734533746.html?mod=wsj_share_twitter
Manipulation of economic data by Argentina pales in comparison with the US debt issue, with manipulated rating attributed by the compromised big three rating agencies.
There are no independent rating agencies, rating agencies are compromised by their own business and their own political links, just like the Wall Street Journal seems seems (two seems may be sufficient to generalize as pattern with character of necessity).
The fact that the US still has a high rating is a proof that market agents are not able to properly evaluate risk, otherwise they would see the obvious in the big three rating agencies manipulation.
Both some European countries as well as the US should actually get a bad rating/downgrade. To ignore a risk is to open the possibility of collapse, in this case of a global financial collapse coming from the US and affecting several central banks and countries and then the global financial system.
