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America declaring war on Europe - How should European countries deal with the American rating agencies' hidden agendas?

Asked by mattbrowne (31732points) July 11th, 2011

Some people say Standard & Poor’s, Moody’s and Fitch are independent private companies who can offer whatever analyses and recommendations they come up with. Nobody is forced to believe them. But I don’t think that’s true. In the end, these three companies serve American interests because it’s in their self-interest. They are American companies who will profit if America does well. At the expense of others. There is a hidden agenda here. There are profits to be made betting on deteriorating European countries. Make it worse and enjoy the leverage.

The US faces insolvency. Still, great credit rating. Surprised? Greece is declared junk. Portugal is almost junk. Italy became almost junk today. Portugal and Italy are in trouble but they are still better off than the US in terms of credit risk. So what? The US controls the ratings. Look at this map

http://chartsbin.com/view/1177

Outragious to say the least. Standard & Poor’s, Moody’s and Fitch have declared war on Europe.

So what should Europe do in your opinion?

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