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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

First they ignore you, then they ridicule you, then they
fight you, then you win.  -- Mahatma Gandhi

somebody should downgrade the veracity of Moody’s!

Posted on | July 15, 2011 | No Comments

Obama’s supporters are yelling and screaming, that we should continue insane spending and borrowing and we should raise the debt ceiling. They brought forward the boogeyman, Moody’s, who will downgrade our debt.

My response, we need to downgrade Moody’s. Let’s analyse.

When all the major banks were peddling complete junk of the bundled worthless mortgages, which should have been sold as junk bonds, Moods gave them triple A rating. Fanny and Freddy bought them. Municipalities, foreign governments bought them. At the end, predictably, those bonds tumbled, which precipitated world wide depression, people lost their life savings, while banking elite walked away with billions in profits. People running Moodys are either brain dead or extremely negligent or are on the take.

When Hank Paulson and Ben Bernanke were pushing legalized robbery called quantative easement or stimulus package, Moody’s should have downgraded U.S. debt, as money was borrowed in real dollars, but will be returned in devalued dollars. Did Moody’s do it? Not. Why not? Decide for yourselves.

When Clinton and Gingrich pushed through  WTO GATT, disassembled the whole system of tariffs and started the downward spiral of the US economy, did Moody’s beat the drums of war? No, not a peep.

I can go on and on about Moody’s. Bottom line, all of these indexes are a part of the same establishment and the same corrupt machine. It is time to use your common sense and tell Moody’s and media and political pundits and wall street pundits to go and jump from a high  floor, if they don’t like the fact, that people are done with brainwashing and are taking charge of their lives.If we don’t stop spending and don’t stop borrowing and don’t place tariffs on foreign junk and don’t stimulate U.S. production, we will be downgraded to a level of banana republic. We are nearly there. Forget Moody’s, use your own brain.

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