US Credit Rating

September 11, 2001 attacks in New York City: V...
 
For the first time in history the United States lost its credit rating from AAA to AA+ and now fear is growing that it will affect major economies around the world. Several European economies are passing through worst stage of their history. Greece, Spain and Ireland are worst affected. Further closure of Business, shops, Banks, raising number of unemployed people and daily agitations in front of government institutions now becoming routine in even modern countries.

China again warns that dollar is losing its credibility around the world and falling dollar has become constant threat for present world economy. Due to falling dollar Gold and Oil prices raising every day and things are going bad to worse for ordinary people and some of them rightly believe that both war in Iraq and Afghanistan are eating US economy slowly and steadily. US is spending millions of dollars against unseen enemies in different parts of the world but things are going bad to worse everywhere. In deadliest single incident for American forces in the decade-long war A military helicopter was also shot down in eastern Afghanistan and killing 31 US special operation troops, most of them from the special forces unit that killed Al Qaeda leader Osama bin Laden.

After ten years of war in Afghanistan end results are horrible for normal US citizens. Afghan war expenditures have reached four hundred thirty two billion dollar and destination is still very far. Now graph of unemployment is raising and many American companies are increasing their operations in Canada due to the poor economic conditions at home and it seems true that world alone super power is following footsteps of former Soviet Union and paying high price for its war adventures in different parts of the world.

 
KHAWAJA UMER FAROOQ
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