S&P and its credibility

This past Friday evening, the credit rating agency Standard and Poor’s (S&P) downgraded the U.S. from AAA status to AA+ and serious questions have therefore been raised.

Prominent amongst the questions is due to the fact in 2007, S&P is one of the credit agencies giving generous AAA ratings to toxic asset bundles of real estate sold throughout the world. The toxic bundles nearly brought the monetary systems of the world to a state of total collapse.

And so it is, this same rating agency has downgraded us for the handling of raising our debt ceiling. Other than their sterling rationales as to the reason for the downgrading, the question we are asking is, “Why me?” Could we have had the rationales as threats or good advice minus the downgrading? What S&P has done is once again effecting monetary systems around the world to the negative.

Since we have always been told to follow the money, answers to the “Why me?” question could well be found within the monetary structure of S&P.

If on last Friday evening the monetary structure of S&P is the same as it was circa 2007, the logic of seeing red flags flying all over the place is, in my opinion, appropriate.

Have the Banksters of 2007 struck again? Is the downgrading of America another bite of the apple?

We have all learned that being above the law in America has its advantages including huge bonuses and high political positions. As the song says, “Nice work if you can get it”.

As always,
BB
P.S.
There are those who want to make a relationship between Banksters and TeaBaggers. There are those who would call such efforts, “Classic mis-placed anger”.