us credit downgrade implications for ssn?

Hi all,

I understand the 'defence mechanism' of denial only too well
(that's from Psychology - Freud) but it has really surprised me to find the hard headed posters on the SSN forum have not discussed (at this stage) the implications for SSN of a credit downgrade for the US.

What are the implications?

I really don't know, so I am posing the question in the hope of getting some discussion going.

Footy where are you - this forum needs your input!!

Will the US dollar go down and the Aussie dollar go up (even further than it's already ridiculous levels)??

Why isn't the Aussie Govt doing anything t bring down (devalue) the Aussie dollar?? Germany and China are happy to have a low value currency. Is it anything to do with a treasurer who seems to be asleep at the wheel?? (imo).

What are the implications for the price of oil??
My own feelings are that the US credit downgrade will not affect the 'supply / demand' for oil across - the globe.
i.e. any slowdown in demand from the US will be filled by demand from the BRIC countries.

Any thoughts? Anyone?

Time for 'Rockwiz' on SBS so I am out of here for tonight.

All the above is my personal opinion. DYOR.