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William Engdahl: US economy goes down the tube by days


European markets have remained stable on Monday, despite the wave of credit downgrades across the eurozone by the ratings giant Standard and Poor's. It slashed the credit scores of 9 EU countries on Friday, including France, which lost its triple A status, and Austria. But other ratings agencies, Fitch and Moody's, say they will maintain France's top rating for now. There was no panic among EU leaders, at least publicly. French President Nicolas Sarkozy said the downgrade will not defy his policies. For more on this, RT talks to author and financial analyst F. William Engdahl. RT on Twitter twitter.com RT on Facebook www.facebook.com

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  • Pitbulterrorist#

    Pitbulterrorist January 17, 2012 2:20:42 PM CET

    america is going down the pan and it intends to take everybody else with it. america is intensionally blocking iran oil so that the european countrys go the same way as the failing america. the guy says it himself, the only way european countrys would slip further if the oil prices are messed with. with the u.s deliberatley blocking oil from iran to the eurpean countrys would do this. so americas attitude is that "if we go down your coming with us". i hope america fails. it is so arragant about it status as the top country they are paranoid about china overtaking them as well. they would rather see the world destroyed than have someone else overtake them in the theater of world domination

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