Forum Post: Moody's Downgrades the World!
Posted 12 years ago on Jan. 13, 2012, 9:53 p.m. EST by Hercules
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(NEWS) In a stunning announcement today the international bond rating agency, Moody's, downgraded the entire world from Aaa+ to BBB+Aa+++Cccc+. It came as a shock to markets around the world. But was no surprise to insiders. One company representative, who declined to be indentified, stated "Our research is showing a dramatic increase in storage, garage and yard sales. People everywhere from Australia to Zimbabwe, are downsizing, going off the grid, joining these so-called sharing communities. The world is being flooded with tons and tons of dirt cheap stuff nobody wants or needs. Oftentimes things are simply left at the roadside for free! We've never seen anything like it. And we're not likely to see this trend subside any time soon. It's the craziest thing! Big business and market leaders are wringing their hands over this. They're in complete turmoil. There's even been some talk about trying to make it crime to give something away. Can you imagine that? We had no choice but to downgrade the whole damn world!"
Experts predict Standard and Poor's will likely come up with their own downgrade within the next few days. We'll keep you updated on the situation as the situation situationally progresses.
"stunning"?
This has been coming for months.
Europe is in trouble, not just the US. OK, I agree, the world is in trouble. What a mess.
Now what?
Maybe the world should downgrade Moody's.
What a joke. The SEC made public that S&P and I'm sure the other ratings agencies as well destroyed reams and reams of evidence of fraud comitted by Wells Fargo, Bank of America, and all the rest of the banksters. The financail world is certifiably insane and they should be treated as such.
Amen, what it comes down to is an endgame in the prosecution cycle. The gov't is due to hand down indictments soon, now these bozos are trying to gin up a crisis to keep from going to prison.
If they succeed in making one up, they'll be lucky if they are allowed in prison, may be the safest place for them
http://blogs.sacbee.com/the_state_worker/2012/01/am-reading-calpers-versus-ratings-firms-double-dipping-va-pension-contribut.html
http://blogs.reuters.com/financial-regulatory-forum/2012/01/10/global-regulation-2011-a-review-of-policies-that-shaped-the-business-world/
http://www.bloomberg.com/news/2012-01-11/citigroup-lobbyist-casts-doubt-on-obama-s-recess-appointment-of-cordray.html
To see indictments would be great, but I am wondering now if that news will be buried under the new crisis the ratings agencies are creating over in Europe with the downgrading of several European countries. Unbelievable. Thanks for the links.
I'm guessing this is the endgame for the ratings agencies, either they'll succeed in sparking a panic this week, or people will keep their cool and Cordray and Calpers, and various states attorneys will start the indictment process.
It's important to spread these news links far and wide, these ratings folks are the ones responsible for the last crisis because of the massive fraud.
Now they want another one to cover that fraud. They are criminals who have no conscience.
"There's even been some talk about trying to make it crime to give something away. "
Isn't that already in Herman Cain's platform? :)