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The fact that the US has now lost the highest credit rating from one of the three major credit rating agencies, a rating that is also associated with a negative outlook, is yet another in a series of confirmations of the West's large and demanding from time, growth and political perspectives - debt problems and the destabilising global imbalances. The decision is obviously negative in current uneasy economic, financial and political global environment. For Americans, it means also a growing crack in the image of the United States as the superior and natural economic superpower and also of United States geopolitical role. But the effects from the downgrade should not be exaggerated.
US Treasury securities and US dollar's global positions are not...
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