Does anyone care what S&P say?
December 5, 2011
Note: S&P is a child of the same people who control the banking system. So, should anyone be surprised, scared or in any other way bothered by what this entity says? No. It is part of the scheme called artificial business cycle that the bankers themselves prop up and destroy every so often to control more power and resources. But if you do care and think it means anything, please continue reading.
Financial Times
December 5, 2011
Standard & Poor’s has warned Germany and the five other triple A members of the eurozone that they risk having their top-notch ratings downgraded as a result of deepening economic and political turmoil in the single currency bloc.
The US rating agency said late on Monday that Germany, France, the Netherlands, Austria, Finland and Luxembourg were all being placed on “creditwatch negative”, indicating there is a 50 per cent chance of a downgrade within 90 days.
A total of 15 countries in the EU were placed on watch with negative implications by S&P, and the agency said: “We expect to conclude our review of eurozone sovereign ratings as soon as possible following the EU summit scheduled for [December] 8 and 9.”
It warned all of the six triple A rated governments that their ratings could be lowered to AA+ if the creditwatch review failed to convince its experts. Markets have been braced for a potential downgrade of France, but few expected Germany’s top rating to be called into question.
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