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Sunday, June 26, 2016

Standard & Poor’s deliberate attempt to trash U.S. Economy

Credit: Authors own
It is a new world America

S&P like most American companies is now firmly under international control and beating the captialists at their own game.

The United States Government which throughout its entire history has always paid its bills is now the subject of a smear campaign by Standard & Poor’s. To be specific, Standard & Poor’s CEO Deven Sharma who has never had anything nice to say about the United States and in fact, is an Indian national and the moving force behind the irresponsible but politically motivated recent downgrading of the United States bond ratings. Sharma is a staunch critic of the United States and opportunistically and irresponsibly attempted to deliver a body blow to the American people and economy at the precise time Congress is addressing some serious debt issues. Sharma, using a handful of international “Analysts” notably Nikola G. Swann, a London Trained Canadian economist will do more damage to the United States and its people than 9/11. Reached for comment, Swann’s initial response was, “Is this going to take long, I have tickets for the theater”. Then, in an incredibly arrogant interview Swann stated that the United States had failed to address the debt issue fast enough to his liking and thus was downgraded. Swann apparently puts little stock in solid hard hitting empirical data preferring his opinion, which apparently he expounds through a sphincter lock on his neck.

Make no mistake, through his writings on “competitive strategy” S&P CEO Sharma considers the United States the PROBLEM in today’s world, operating with what he implies is an unfair and reckless advantage. The brutal reality is that for "globalization" to succeed the United States must be torn asunder and that does not bode well for the American people whose business leaders are now drawn from an international community that very much wants to re-distribute the world's wealth and that means take from the U.S. and give to everyone else.

What few remember is that Standard & Poor’s, quick to condemn and degrade the United States found little wrong with the bond offerings of all those mortgage companies that went bottoms up when the real estate Market tanked revealing among other things, the glaring inaccuracies in S&P’s bond ratings. And lest anyone think S&P’s actions appropriate and not simply politically motivated: the United States has never reneged on its financial obligations; there is no evidence that the U.S. will not make payments; and frankly, the international leadership at S&P is operating on arrogance and anti-Americanism. Has it come to this? a couple international hacks at S&Ps have this kind of power? Perhaps someone at McGraw Hill, S&P’s parent company should check into this. I am sure McGraw-Hill can find another international executive or perhaps a literary agent to look into this?



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4 comments on Standard & Poor’s deliberate attempt to trash U.S. Economy

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By Wakjob on August 20, 2011 at 02:21 am

Indians harbor a 2-centuries old hatred of the west due to Britain's colonization of India 200 years ago. Now they want payback. India and much of the rest of the 3rd world are seething with and and jealousy at the US. So what do we do? We invite them in to take over. Then we wonder why stuff like this happens? And it's not just S&P - they have invaded and ruined most of our companies:

Companies ruined or almost ruined by imported Indian laborAdaptec - Indian CEO Subramanian Sundaresh fired.AIG (signed outsourcing deal in 2007 in Europe with Accenture Indian frauds, collapsed in 2009)AirBus (Qantas plane plunged 650 feet injuring passengers when its computer system written by India disengaged the auto-pilot).Apple - R&D CLOSED in India in 2006.Australia's National Australia Bank (Outsourced jobs to India in 2007, nationwide ATM and account failure in late 2010).Bell Labs (Arun Netravalli took over, closed, turned into a shopping mall)Boeing Dreamliner ES software (written by HCL, banned by FAA)Bristol-Myers-Squibb (Trade Secrets and documents stolen in U.S. by Indian national guest worker)Caymas - Startup run by Indian CEO, French director of dev, Chinese tech lead. Closed after 5 years of sucking VC out of America.Caterpillar misses earnings a mere 4 months after outsourcing to India, Inc.Circuit City - Outsourced all IT to Indian-run IBM and went bankrupt shortly thereafter.ComAir crew system run by 100% Indian IT workers caused the 12/25/05 U.S. airport shutdown when they used a short int instead of a long intDeloitte - 2010 - this Indian-packed consulting company is being sued under RICO fraud charges by Marin Country, California for a failed solution.Dell - call center (closed in India)Delta call centers (closed in India)Fannie Mae - Hired large numbers of Indians, had to be bailed out. Indian logic bomb creator found guilty.GM - Was booming in 2006, signed $300 million outsourcing deal with Wipro that same year, went bankrupt 3 years laterHP - Got out of the PC hardware business in 2011 and can't compete with Apple's tablets. HP was taken over by Indians and Chinese in 2001. So much for 'Asian' talent!HSBC ATMs (software taken over by Indians, failed in 2006)Intel Whitefield processor project (cancelled, Indian staff canned)Lehman (Spectramind software bought by Wipro, ruined, trashed by Indian programmers)Medicare - Defrauded by Indian national doctor Arun Sharma & wife in the U.S.Microsoft - Employs over 35,000 H-1Bs. Stock used to be $100. Today it's lucky to be over $25. Not to mention that Vista thing.MIT Media Lab Asia (canceled)MyNines - A startup founded and run by Indian national Apar Kothari went belly up after throwing millions of America's VC $ down the drain.PeopleSoft (Taken over by Indians in 2000, collapsed).PepsiCo - Slides from #1 to #3 during Indian CEO Indra Nooyi' watch.Polycom - Former senior executive Sunil Bhalla charged with insider trading.Qantas - See AirBus aboveQuark (Alukah Kamar CEO, fired, lost 60% of its customers to Adobe because Indian-written QuarkExpress 6 was a failure)Rolls Royce (Sent aircraft engine work to India in 2006, engines delayed for Boeing 787, and failed on at least 2 Quantas planes in 2010, cost Rolls $500m).SAP - Same as Deloitte above in 2010.Singapore airlines (IT functions taken over in 2009 by TCS, website trashed in August, 2011)Skype (Madhu Yarlagadda fired)State of Indiana $867 million FAILED IBM project, IBM being suedState of Texas failed IBM project.Sun Micro (Taken over by Indian and Chinese workers in 2001, collapsed, had to be sold off to Oracle).UK's NHS outsourced numerous jobs including health records to India in mid-2000 resulting in $26 billion over budget.Union Bank of California - Cancelled Finacle project run by India's InfoSys in 2011.United - call center (closed in India)Victorian Order of Nurses, Canada (Payroll system screwed up by SAP/IBM in mid-2011)Virgin Atlantic (software written in India caused cloud IT failure)World Bank (Indian fraudsters BANNED for 3 years because they stole data).I could post the whole list here but I don't want to crash any servers.

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By Wakjob on August 20, 2011 at 02:22 am

And then there's emails like this from angry Indians in the US which shows their real purpose:

From: "Rajesh Kumar Ramachandran

Subject: Listen to me A******!!

Date: Wed, 19 May 2010 20:49:20 -0700 (PDT)Now listen carefully to me a******.. dont just bark around in the corner like a rabies stricken stray dog about your pathetic views about politics and jobs. If your insecure about your skills and abilities thats your f****** problem not Indians or any other politicians.. Well you want me to provoke you well then hear this, we are gonna take all your jobs away.. we gonna make sure that you dont even have money to buy s*** and eat, we gonna take evrything thatwas yours.. we gonna drape the Statue of Liberty with a saree (you dont know wahta saree iis, well its a dress which Indian women wear).. now get your f****** stinking face out of here A******!!!!!

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By ranfuchs on August 21, 2011 at 06:14 pm

It really doesn't matter what S&P says. The truth is that the US damages itself more than any company can do to it. All S&P said is that there is a higher probability that US will not pay its debt. This is undeniable, regardless how much you like or dislike the US. So while you may not like S&P and their CEO, their act is professionally defensible

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