Fox News:  As lawmakers scramble to cut a budget deal and avoid defaulting on US debt, the head of a top Chinese rating agency claims it is too late.  Guan Jianzhong, president of Dagong Global Credit Rating Company, Ltd., reportedly told state media that the United States has already defaulted by letting the US dollar weaken.  "In our opinion, the United States has already been defaulting," Guan was quoted as saying, according to AFP.  China, likewise, has long come under criticism for allowing its currency to weaken; but while Dagong Global is known for being tough on the US, Guan's words carry extra sting as they following warnings from three top rating agencies about US finances.  Fitch is the latest to warn the US that its sterling credit rating could be at risk if it fails to raise its 14.3 trillion debt ceiling, or fails to rein in its long term deficits.  Moody's and Standard & Poor's have already issued similar warnings.  Some Republican's, while wanting to avoid default, claim the administration could extend that deadline further by making severe and immediate spending cuts elsewhere.  

 My Comments:  Ezekiel 7:19 says, "They will cast their silver in the streets and their gold will be removed; their silver and their gold will not be able to deliver them in the day of the wrath of the Lord:  they will not satisfy their souls, neither fill their bowels because it is the stumblingblock of their iniquity."  This is confirmation in the Word of God that as the end approaches, money will be worthless; this is called hyperinflation.  It is time to prepare for the coming of the Lord.  If you aren't saved, I invite you to the How Can I Be Saved page of this website.  Tomorrow could be too late to prepare your soul to face God.