Sunday, August 7, 2011

S&P 500 Downgrade of US Debt

The big ratings agencies are kind of like the big unions.   At one time, they served a real need and launched with a real purpose.

Organizations tend to decay over time.   Especially the successful ones that create a near monopoly for themselves.    It is almost like guaranteed death.   A slow agonizing death, like a bronto stuck in a tar pit.

This is the actual S&P downgrade report attached here:

Standard and Poors is part of the Economic Hit Man (ECH) team.   For decades they were hitting the 2nd world and 3rd world countries, setting them up with reports and ratings, loading them with debt and promises, and then extracting control and profits by the enslavement with debt.    It was and is quite a business model.   Many players in the business don't actually even realize just how evil the whole setup is, or their part in it.

Sometime in the last decade the ECH decided to turn it's sights on the Motherload, the United States.   It wasn't enough to just get their kickbacks from the Brokers (who front ran those upgrades and downgrades on stocks).   They wanted to take the mothership itself, not just milk it for profits. 

And so here we are, with the S&P now dictating to the Gov, at least trying to.  

Some keys points:
  • The S&P wants the gov to tax people more.   More money in the pot means  more they can latch  onto.
  • The S&P wants the gov to keep rates low, below zero actually, to penalize savers, and force that money to "go to work".   When your broker states "it's time  to put some money to work" that's about time to run for the hills.
  • The S&P does not want gov to cut spending, they want balance by taxes.   Gov spending is dumb money.   Those who are entrusted to spend money that is not theirs, often spend it foolishly.
  • Also, no mention of pulling back the military from 180 countries, military force or at least the threat of it, can advance ECH principles.
  • No mention of cutting the size of Government.   Some government workers do "produce", for instance teachers, but the vast majority of government produces nothing, if anything they is a direct drag on productivity, not just an indirect cost.
When you see that trading is done, not by consent, but by compulsion -- when you see that in order to produce, you need to obtain permission from men who produce nothing -- when you see money flowing to those who deal, not in goods, but in favors -- when you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you -- when you see corruption being rewarded and honesty becoming a self-sacrifice -- you may know that your society is doomed.
Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: "Account Overdrawn."
Hey that Ayn Rand was pretty right-on, she died in 1982, didn't get to see The Orwellian 1984.   You know that 1000 page book, Atlas Shrugged, you were supposed to read in High School?    Just bought it, free super saver shipping, Amazon. 

More Good Quotes here

1 comment:

Insightful and Useful Comment!