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In an illuminating exposé posted on Firedoglake on August 5, Jane Hamsher concluded:
It's becoming more and more obvious that Standard and Poor's has a political agenda riding on the notion that the US is at risk of default on its debt based on some arbitrary limit to the debt-to-GDP ratio. There is no sound basis for that limit, or for S&P's insistence on at least a $4 trillion down payment on debt reduction, any more than there is for the crackpot notion that a non-crazy US can be forced to default on its debt....
It's time the media and Congress started asking Standard and P
Jason Schwarz shed light on this question in an article on Seeking Alpha titled "The Rise of Financial Terrorism." He wrote:
[A]fter the market close on Friday August 5th, we received word that S&P CEO Deven Sharma had taken control of the ratings agency and personally led the push for a US downgrade. There is a lot of evidence that he has deliberately tried to trash the US economy. Even after discovering that the S&P debt calculations were off by $2 trillion, Sharma made the decision to go ahead with the unethical downgrade. This is a guy who was a key contributor at the 2009 Bilderberg Summit that organized 120 of the world's richest men and women to push for an end to the dollar as the global reserve currency.
[T]hrough his writings on "competitive strategy" S&P CEO Sharma considers the United States the PROBLEM in today's world, operating with what he implies is an unfair and reckless advantage. The brutal reality is that for "globalization" to succeed the United States must be torn asunder ...
The world company acquires assets by preventing governments from issuing their own currencies and credit. Money is created instead by banks as loans at interest. The debts inexorably grow, since more money is always owed back than was created in the original loans. (For more on this, see here.) If currencies are not allowed to expand to meet increased costs and growth, the inevitable result is a wave of bankruptcies, foreclosures and sales of assets at fire sale prices. Sales to whom? To the "world company."
Jesse Livermore summarized the market's response:
... [T]he markets sold off rather rapidly as no announcement was made about QE3.... It wasn't until ... the last 75 min of market activity [that] the DJIA gained 639 pts to close at a day high of 11,242. That begs the question, where did that injection of capital come from? The President's Working Group on Financial Markets? Or did the "policy tools" to promote price stability by any chance include the next round of Quantitative Easing unannounced?
Was that QE3 Incognito, Ben?
It amazes me how most people who talk about the one world company never really give the notion that these thugs just may be capable of violence or blackmail. For some reason everyone seems to be under the impression that TPTB are nice bad guys that do their dirty work by throwing around lots money so that the people that do their bidding all live happilly ever after...