Tuesday, December 18, 2018

S&P Takes Point on a New World Order

by Philip F. Harris (writer), Maine, December 06, 2011

Has Wall Street begun to implement their plans for a New World Order?

Coming off record profits, no consequences for starting the world economic recession, and the expansion of the global economy, Wall Street is now openly ready to create their New World Order. Ahh, good old conspiracy theory, but sometimes the conspiracy is not a theory. Recent events regarding the debt crisis in the EU has made this effort at creating such an 'order' quite blatant.

We are all too familiar with the tales of economic woe in Greece, Ireland, Italy and even the U.S. "Investors" are demanding drastic cuts in budgets, at the expense of the people, and tax increases in order to appease financial interests. In Italy, the increase borrowing costs, which is creating even more of an economic problem, will also generate massive cuts. Spain and Portugal are on the brink as are many southern European nations.

Enter S&P and their magic 'downgrade' wand. This wand has been used to put the U.S. notice, basically ruined the Greek economy, what there was left of it, and is now aimed at the EU. For those who follow the Huffington Post, this headline should be familiar:


S&P To Warn Of Downgrades For All Of Eurozone

Here's the deal, the European Central Bank wants to be able to approve EU member budgets and austerity programs to ensure that 'investments' are safe. If members do not agree, then their rating will be downgraded and their economies will go belly up. S&P has fired the warning shot across the bow. Basically, Wall Street is acting with impunity with no one willing to just say NO. Even the U.S. is unwilling to pass a small tax increase on the wealthy to cover extensions in breaks for the middle class and working poor. With the stalling "Occupy" movements, there appears to be no left standing to prevent the Wall Street onslaught against economies, the environment, government oversight and the middle and lower classes. Even with the warning by billionaire George Soros that the global economic system is on the verge of collapse, Wall Street still knows that they will come out on top. Perhaps they see this as an opportunity to rid the world of the flotsam and jetsam they call the masses in order to make life easier for the elite. But, perhaps they underestimate those masses and the very environment they seem so willing to sacrifice in order to achieve their own nefarious ends.

About the Writer

Philip F. Harris is a writer for BrooWaha. For more information, visit the writer's website.
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5 comments on S&P Takes Point on a New World Order

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By Notumbus Bumbus on December 06, 2011 at 08:50 am

So, why don't the consumers just say NO? If we wait for the government to do the right thing, the polar ice caps will have gone the way of the dodo, and we'll just all be fighting for access to higher ground. Stop buying! How hard is that? Purchase necessities only, quit purchasing new electronic junk every three to six months, stop buying good that you don't really need. Move your money to a credit union - now! If we all keep moaning and wringing our hands about how the wealthy have all the marbles and we got snot, then nothing, and I mean NOTHING is gonna change. Vote with your wallet, folks! If we all just spent 2% less on generic connsumption, trust me, the message would get through. We need to remind the banks, the government, who is really paying for their profits, and the best way to do that is to dramatically reduce those very profits. Time to kick a few butts, people!

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By Philip F. Harris on December 06, 2011 at 09:55 am

Totally agree-Occupy Your Wallet.

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By D. Sager on December 06, 2011 at 10:37 pm

Fat chance that Americans can deny their appetites long enough to make a stand...we have long worshipped at the shrine of pleasure and immediate gratification. Suffer, hold back, save money? It will never happen till it's to late...god help us all, tis a scary day indeed.

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By Uttam Gill on December 07, 2011 at 03:34 am

It's tough time for America and members of EU...In history we witnessed such economic upheavals and many historic decisions were then taken to salvage the economy...Think tank and policy makers needs to surgically deal the economic crises...There is no doubt that common man is suffering due to many imprudent decisions by the policy makers...

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By Philip F. Harris on December 07, 2011 at 06:49 am

I'm afraid the die is cast. We have made bad decisions on the economy and the environment and the ferry man is here. Who benefits when we cut pensions, health care, public services and then raise taxes? Wall Street. They are now openly creating public policy. We are sacrificing people for money. The S#&* will soon hit the fan as more and more discover what is really going on. We are on track for the worst of 2012 prophecy!

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