People of the elites use rating agencies, the Council of the European Union, IMF and other institutions to rule the world

People of the elites use rating agencies, the Council of the European Union, the IMF and other institutions to rule the world. Their current aim is to finish social policies in the European Union. They praise the US model of society and they have everything they need to bypass democracy.

These people created a huge mess when they designed a monetary union among countries of different productivities having in mind only short to medium term profits of big corporations and banks. And now they of course still have the same in mind.

All governments borrow money regardless of their productivity. Today Germany has higher debt as a percent of GDP than Spain, Portugal or Ireland. And only since recent times it has a lower debt than Greece. But when governments have to borrow money from the open market its  bond auctions are strongly influenced by ratings of agencies that have a very biased view on how economies should be ruled.

So let's first discuss the role od ratings agencies. I believe these agencies are creating a tremendous harm to people  across the world and therefore should be punished by law. Although they are just small private and very biased instituitons they dictate government policies that destroy social security networks and hence  create unemployment.

Of course this does not help to pay back government -nor private- loans but the élite of vigilantes, apparenly blind to the obvious, do not seem to acknowledge it.   Moody's, Fitch and Standard & Poor are directed by people who believe that workers should -just like in the U.S. - not have public pensions nor public health care.


Yet rating agencies showed little or no knowledge of economy when they gave AAA ratings to Lehman Brothers or Madoff. In few words: their ratings are proven to be either very wrong or plainly  fabricated. But still these ratings can sink the economies of whole countries.



One of the most unfortunate cases has been the one of Portugal, a country that was growing consistently and had low unemployment rates until the "vigilantes" decided to torpedo it just because they did not like its social policies.

It could be true that Greece spended too much.  But this is an oversimplistic vision of a problem that affects other countries - as Spain- that also taxed too little big fortunes and have a huge underground economy. How could Germans have the guts to rein Greek spending when this spending involved the purchase of German goods?

The whole idea of a monetary union of countries with different productivities was stupid
in the first place, unless the élites had only in mind the short to medium-term profit of big German and French corporations.

And these elites probably suspected that all would end badly. It is not a coincidence that Germany and France were in a hurry to approve the Lisbon Treaty (formerly presented  as "the European Constitution") that states new rules to create a blocking minority in the decisions of the Council of the European Union.