Standard and Poor downgrade
of the
Peter Wu
Having written
what I have written in my previous article “The inevitable has happened...”, I now have cause to doubt the authenticity and
motive for the downgrading of US’s credit worthiness by Standard and Poor.
My sources in the
FBI hinted at inside trading within Standard and Poor. Like investors eagerly awaiting the release of the quarterly and annual
earning results of companies, and pouncing on that information to make a quick
buck in the stock market, executives inside Standard and Poor hit upon the same
idea, and decided to apply it on a Sovereign state like the US.
The ‘downgrade’
ruse was spectacularly successful. While there were bloods on the floor in
stock exchanges everywhere, S&P executives are laughing all the way to the
bank. What better way for its senior executives to make some
quick and serious bucks without arousing an iota of suspicion?
The CIA, however,
has a different take. They think the downgrade was politically
motivated and those behind it are,
you guess it, the Talibans. They know they can’t beat the Yanks in the
battlefield so they decided to go for the financial jugular of their arch enemy
by paying S&P for the downgrade. Now that they know it works, more
politically-motivated down- and upgrades could follow.
Both the FBI and
CIA are now pursuing these lines of enquiries.