Insight: How the Conservatives control everything worldwide

by Ziks511 Nov 8, 2013 9:05PM PST

http://krugman.blogs.nytimes.com/2013/11/08/ideological-ratings/

France has been downgraded by S&P. The US was downgraded early in the Obama Administration.

Does it have anything to do with the real world and real policies? Nah, that would be too much like honesty for them.

"So S&P has downgraded France. What does this tell us?

"The answer is, not much about France. It can't be overemphasized that the rating agencies have no, repeat no, special information about national solvency — especially for big countries like France. Does S&P have inside knowledge of the state of French finances? No. Does it have a better macroeconomic model than, say, the IMF — or for that matter just about any one of the men and women sitting in this IMF conference room with me? You have to be kidding.

"So what's this about? I think it's useful to compare IMF projections for France with those for another country that has been getting nice words from the raters lately, the UK. The charts below are from the WEO database — real numbers through 2012, IMF projections up to 2018."

Two graphs follow showing that the data for each country is very similar, and the outcomes projected to be very close to one another.

Except the UK has a Conservative Government, and France doesn't. And the UK has been pursuing austerity, to the cost of its inhabitants particularly through unemployment, and France has been pursuing tax reform.

Ah, taxation. That's the difference. The Economic Elites who run the IMF and the World Bank and the Conferences like annual? one in Davos Switzerland. (And if you want to discover the difference between them, the faceless men behind the inherited system of wealth and Economic power and run the Consortia which manipulates the world economy, its Davos. If you don't have a personal income the size of the Royal Family in the UK, don't go there, You won't last an afternoon, let alone be able to afford dinner. That's where these guys get together to pat one another on the back and wreck or gravely imperil countries economies. Think about a hundred **** Cheneys getting together to reinforce one anothers' preconceptions.)

"So just as the austerity drive isn't really about fiscal responsibility, the push for "structural reform" isn't really about growth; in both cases, it's mainly about dismantling the welfare state.

"S&P may not be participating in this game in a fully conscious way; when you move in those circles, things that in fact nobody knows become part of what everyone knows. But don't take this downgrade as a demonstration that something is really rotten in the state of France. It's much more about ideology than about defensible economic analysis."

Personally I'd have phrased it "It's really about ideology rather than defensible economic analysis." and dispense with the pussyfooting. And it's your pocket these people live out of. It's the Tea Party writ small. A collection of a couple of thousand very wealthy individuals world wide who are the inherited elites of their countries, went to the same schools in Britain France and the US who are making sure that life continues as it has been for the last 50 years for them really as it has for the previous 2 or 3 or 10 Centuries for them and their famillies. Very comfortably.

If the Kennedys get up your nose, these people should drive you completely crazy. Unless, of course, you've bought into their mythology, that they actually know what they're doing and they're demonstrably correct in everything they do because it's economically true, and provable.

It's a delusion.

Rob

Discussion is locked

somebody like George Soros....

http://theeconomiccollapseblog.com/archives/george-soros-the-united-states-must-stop-resisting-the-orderly-decline-of-the-dollar-the-coming-global-currency-and-the-new-world-order

http://www.topix.com/forum/world/poland/TIFKS0D1UKB61IF9R

http://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp (I especially like this fact, which is what the USA is currently doing: The British government gave in and withdrew from the ERM as it became clear that it was losing billions trying to buoy its currency artificially.)

http://lonelyconservative.com/2012/01/is-george-soros-the-grand-wizard-of-coming-us-revolution/

http://www.canadafreepress.com/index.php/article/14700 (even Canada sees him as a destroyer of countries' economies)

I doubt seriously that he hangs out with any Conservative in any country because the agendas don't match up, but he donates large chunks of cash in support of very left-wing liberals and organizations on an every day basis.

As for the downgrade...S&P, for the first time in our American history, under BO's watch, didn't just downgrade it because the 'grand bargain' couldn't be reached....it was also because BO and the Dems can't get their spending under control. We are looking at another possible downgrade from another grading firm as we speak.

Insight: How the Conservatives control everything worldwide

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