XPost: misc.invest.canada, can.atlantic.general, can.jobs   
   From: Canuck57@nospam.com   
      
   On 17/08/2012 9:16 AM, abc wrote:   
   > Moody’s deems Canada ‘better than most other top-rated sovereigns’   
   >   
   > Barbara Shecter | Aug 16, 2012   
   >   
   > Rogerio Barbosa/AFP/Getty Images In a glowing report released Thursday,   
   > Moody's Investors Service says Canada's triple-A rating is supported by   
   > the country's economic performance and government financial position that   
   > have held up to the effects of the global recession "better than most   
   > other top-rated sovereigns."   
   >   
   >   
   > Canada might want to ignore recent criticism about the work of credit   
   > ratings agencies.   
   >   
   > In a glowing report released Thursday, Moody’s Investors Service says   
   > Canada’s triple-A rating is supported by the country’s economic   
   > performance and government financial position that have held up to the   
   > effects of the global recession “better than most other top-rated   
   > sovereigns.”   
   >   
   > Furthermore, Moody’s says in the annual report out of the New York,   
   > “Canada did not experience a financial crisis such as the one that   
   > affected the U.S. and a number of European countries.”   
   >   
   > The ratings agency notes that the recession did reverse an earlier   
   > improvement in debt ratios, but reasons that they are improving and did   
   > not deteriorate as much as in most other triple-A-rated countries.   
   >   
   > On the housing market, which, along with high household debt, is raising   
   > concerns in some quarters, Moody’s “considers risk … to be manageable in   
   > terms of its potential effect on federal finances.”   
   >   
   > Related   
   > Angela Merkel touts Canada as example for crisis-ridden eurozone   
   >   
   > Moody’s rated Canada’s economic resiliency and government financial   
   > strength as “very high” and said the country has a “low susceptibility to   
   > event risk.”   
   >   
   > The economy’s resiliency is demonstrated by very high per capita income,   
   > the large scale of the economy, and its diversity, featuring natural   
   > resource industries, a competitive manufacturing sector, and a well-   
   > developed financial and real estate market, the ratings agency said.   
   >   
   > Canada ranks 11th out of 113 sovereigns rated by Moody’s in terms of the   
   > size of its economy and 14th out of 109 countries in terms of its GDP per   
   > capita.   
   >   
   > “On the public finance front, Canada’s ratios of general government debt   
   > to GDP and to revenue moved significantly downward over the decade   
   > through 2008,” says the Moody’s report. “In facing the global crisis, the   
   > federal government’s balance sheet started from a strong position.”   
      
   No investor uses Moody at all.  Fact is they are ratings for hire and   
   only rate the return of capital and not preservation of value.   
      
   Case in point, buy a Canadian gov'mint bond at say 1% taxable yield, in   
   a 3.9% inflation environment, is over 2.9% annual compounding value loss   
   of money.   
      
   With that rating system, I am not away of any US/Canadian government   
   city/state/prov/federal bond suitable as an investment.  Gov'mint   
   central banks now lend the gov'mint money as no one sane lends to them   
   any more at this fraud low rate.  It is also the cause of economic   
   turmoil, money no longer has the value it once had and now based on   
   electronic counterfeit and debt fraud.   
      
   It is why gov'mint can't solve the economic problems, they are the cause   
   of the problems. If you or I paid our debts with electronic counterfeit   
   they would send the CSIS, RCMP, FBI, ATF, US Treasury and they would all   
   race to erase you.   
      
   Gov'mint hates competition in corruption and fraud.  But who is going to   
   arrest the government for corruption, currency counterfeit and debt   
   ponzi fraud schemes?   
      
   Only difference between mafia and government is the perception of   
   legitimacy.  Both want to repress the people and us a lot of BS and   
   propaganda to keep the ruse going.   
      
   --   
   Liberal-socialism is a great idea so long as the credit is good and   
   other people pay for it.  When the credit runs out and those that pay   
   for it leave, they can all share having nothing but debt and discontentment.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)