The Great Standard & Poor's Conspiracy Against the Eurozone

It's funny how anti-Americanism is hard-wired in the mindset of both the Left and the Right in Germany.  The Eurozone is in crisis due to mismanagement and over-borrowing by a number of EU countries.  This leads to a downgrade in the credit rating of debt securities by Standard & Poor's.  But for pundits and demagogues the tail wags the dog and the crisis is deliberately triggered by the rating agency as part of an Anglo-American sonspiracy against the European continent: 

When such political adversaries as European parliamentarian Elmar Brok, a member of Chancellor Angela Merkel's conservative Christian Democrats, and German Left Party bigwig Gregor Gysi agree on something, skepticism is warranted. Particularly if the two use almost exactly the same words.We find ourselves, said Brok, after rating agency Standard & Poor's recently downgraded the credit rating of nine euro-zone countries late last week, in a conflict akin to a "currency war." The agencies, he went on, are pursuing "Anglo-American political interests."

Left Party leader Gregor Gysi was even more pointed in his attack:

"Wir haben es gegenwärtig mit einem Krieg der Banken und der amerikanischen Ratingagenturen gegen die europäischen Völker zu tun", wetterte der Chef der deutschen Linksfraktion am Samstag in Berlin.

("We are now dealing with a war of the banks and American rating agencies against the people of Europe" the head of the German Left Party fuliminated on Saturday in Berlin.)

And on the party's Web site, Sahra Wagenknecht, the rising star of the Left Party, rails against the "extortion: (Erpressung) of Standard & Poor's: 

Die LINKE fordert daher, die Macht der Rating-Agenturen zu brechen und die Staatsfinanzierung vom Diktat der Finanzmärkte zu befreien. Statt das Wachstum durch drakonische Kürzungsprogramme abzuwürgen und die Bevölkerung der Krisenländer in die Armut zu treiben, müssen außerdem europaweit Konjunkturprogramme aufgelegt und öffentliche Investitionen getätigt werden.

(Therefore the Left Party demands that we break the power of the ratings agencies and the free the national budget from the dictates of the financial markets. Instead of choking off growth with draconian cuts and forcing the populations of the countries in crisis into poverty, we need to establish a growth program and make public sector investments.)

It is instructive to read some of the comments on the official site of the neo-Nazi NPD: 

Nach erfolgter Abwertung sanken die Zinsen für US-Anleihen!
Die Rating-Argenturen sind Amerikaner! Ein Schelm, wer Böses dabei denkt!

(After the downgrade the interest rate fell for US Treasury Bonds! The ratings agencies are American! Only a scoundrel would think there's something fishy here!)

Bei Rating-Agenturen wie Standard & Poor’s handelt es sich ...um die Flugzeugträger im Finanz- und Wirtschaftskrieg der Anglo-Amerikaner gegen Kontinentaleuropa!

(Ratings agencies like Standard & Poor's are the aircraft carriers in the financial and economic war of the Anglo-Americans against continental Europe!)

Another commenter asks the rhetorical question: "Who controls the wealth in the US?  And the institutions of wealth?"  Well, the answer can be found on several related Web sites:

Derzeit verschärfen, welch ein Zufall zeitlicher Übereinstimmung, die amerikanischen Ratingagenturen, angeführt von der Firma Standart&Poors, durch die Herabsetzung der Kreditwürdigkeit von EU - Staaten die Krise im EURO - Raum. Und natürlich ist auch diese Firma eine große jüdische Gesellschaft in Amerika. Und besonders die jüdischen Chef Analysten David Zuber und Standard & Poor's Chief Economist David Wyss werden von den jüdischen S&P Chefs von der Leine gelassen wenn es darum geht, gute Gründe gerade JETZT zu finden, dem EU - Raum seine Kreditwürdigkeit zu entziehen...

(What a coincidence that the American ratings agencies, led by Standard & Poor's, have exacerbated the crisis in the Eurozone with credit downgrades. And, of course, this is a big Jewish company in America.  In particular, the Jewish chief analyst David Zuber and S&P's Jewish chief economist David Wyss are let loose by the Jewish S&P bosses when it's time find good reasons to destroy creditworthiness of the Eurozone...)

It's amazing how little conspiracy theories have changed through the ages.  But everyone wants to avoid speaking about the real conspiracy: the conspiracy of Eurozone governments and the people to borrow like there's no tomorrow.

Comments

[Strahler 70]

Dear Abby,
your pleasure would certainly reach a climax if you find out that you are bringing owls to Athens. lol

[David]

Thanks, Strahler,

Hard to keep up with the spam...