posted on Jan, 26 2011 @ 05:24 AM
See my siggy link. I should probably update that thread b/c I've changed my mind as to why it was done, but the way it was done still stands. The US
Govt under Bush Jnr could not possibly, under any circumstances short of collective brain damage, have not known exactly what would happen.
This report will be a whitewash. I guarantee it. It wasn't until I realised just how much money flowed out of Europe into the USA via Goldman Sachs &
how that happened that I understood.
There is no doubt in my mind that Standard & Poor deliberately overrated the risk-worthiness of US mortgages. How in the name of Adam Smith was it
possible for S&P to have not noticed that in an economy of rising unemployment, majorly burgeoning consumer personal debt & a falling US$, those
mortgages were very shaky @best? It isn't. Still, all that was needed was GS to bundle up the debts into mildly incomprehensible packages with the
S&P triple A stamp on them &, like any paper thats the buzz word du jour, traders would think they'd be missing out to their competitors if they
didn't buy. How did such mortgages come about in the 1st place tho? Check my siggy link.
The whole thing was orchestrated from start to finish between the Bush Jnr Administration, Standard & Poor & Goldman Sachs. The purpose was economic
warfare against the Euro. It partially worked. Even Iran @1 point converted Euro holdings into US$. However, something this nefarious cabal seem to
have overlooked, which many do, is that the Eurozone earns more than it spends from trade, thus the Euro is backed by goods & services that people
want. The US$ is backed by a monster annual Trade Deficit & a national debt that could not be paid even if it were somehow possible to sell every
American into slavery. This is why the European Central Bank could create the slush fund to bail out failing European economies without much fear of
inflation. Unlike Quantitive Easing which has now seen the Chinese devalue the US$ by 30%.
Who should go to jail? Start with Paul Wolfowitz.