T.H.E.M.
¨We believe in the judgment; we believe this first judgment will take place as God revealed, in America...¨
T.H.E.M.
¨We believe in justice for all, whether in God or not; we believe as others, that we are due equal justice as human beings.¨
US rating agencies unfairly downgrade developing countries & keep US ratings high …And you wonder why nations are turning East joining with China to uproot these Western tools of oppression
Note: This is how the empire has been able to maintain economic primacy and keep the US dollar afloat, while committing open acts of war on sovereign nations trying to destroy their economic independence and political sovereignty.
These Western institutions are used as tools of Western/anglo oppression and domination on other nations. This is why more and more nations are moving East as China, The BRICS, The Shanghi CoOperation Organization, and the AIIB move to unseat these Western tools of oppression.
US rating agencies unfairly downgrade developing countries & keep US ratings high – analysts
“It is absurd when Russia, a country with the fifth-largest reserves of physical gold, and with gold reserves of $450 billion, had a rating lower than the investment grade and close to the junk status of some Latin American countries with a much less reliable level of protection of the financial system,” analyst at TeleTrade Petr Pushkarev told RT.
Another example of unfair ratings is Brazil, according to Pushkarev. “The credit rating of such a huge and rich country like Brazil is BB-, according to two of the ‘big three’ – the same as back in 2001. The country has undergone a lot of development during this time, and the whole BRICS community has become much more united, stronger,” he said. Despite this, Brazil has the same rating as Bangladesh, the analyst notes.
Not all investors are following the advice of the ‘big three,’ and those who invested in the Russian or Brazilian economy have enjoyed the strengthening of the rouble and Brazilian real, said Pushkarev. However, hedge funds, pension funds and many investors are still looking at the ratings by the ‘big three’ when making investments, and developing countries are losing money.
Pushkarev said that when S&P was forced to downgrade America’s rating from AAA to AA+, “the indignation and pressure from the US government was so great that then, despite the growth of public debt and budget deficits, there were no new revisions of US ratings, and the other agencies didn’t downgrade the US.”
Vladimir Rozhankovsky, Global FX Investment analyst, said it is very difficult to prove that the ‘big three’ agencies are biased in their ratings. There have been many trials against these companies, but their bias hasn’t been proved yet.
“The agencies are using internal scoring models, which are their own methods and, for this reason, they are not obliged to disclose information about these,” the analyst told RT. Moreover, the agencies are claiming that if you don’t like their ratings, then don’t use them, he said.
Rozhankovsky said that poor assessment of synthetic collateralized debt obligations (SCDOs) led to the most large-scale global crisis since the Great Depression of 1929.
Despite the accusations of having triggered the crisis, S&P, Moody’s, and Fitch have done close to nothing to change their assessment criteria, he added.
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