Standard & Poor's observe, observe. Today they have placed under observation 15 countries in the euro zone. All European countries can lose their triple A status. Become less trustworthy on the international market. Basically poorer. The evaluations of Standard & Poor's can make a nation go bankrupt. It gives orientation to investments; it judges the budgets; it publishes the analyses. It brings down governments; it influences the economic decisions of the States. It makes decisions about economic measures. Standard & Poor's lives "in the cloud", above politics, above the EU, above the UN, the voters. Its god is the market and it reports only to that. In theory it’s a service for investors. In practice it’s an agency equipped with unlimited power.
Who controls the controller? People with names that say nothing to anyone count more than Obama, Merkel and Sarkozy put together. The president is Douglas Peterson, the vice presidents are Pat Milano, James C. Daly, Catherine Mathis, and John Weisenseel. The executive directors are Paul Coughlin, Yu-Tsung Chang, David Jacob, Alex J. Matturri, Adam H. Schuman. Finally, Yann Le Pallec is the one responsible for Europe, the Middle East and Africa. As you can see on the Agency’s website: "Standard & Poor's Ratings Services are led by experts with years of experience in the world of finance.” Experts? Before the economic disaster of 2008 where were these gentlemen? The derivatives, the CDOs and the various financial shit have gone past their eyes unobserved.
Standard & Poor's is not a charity. It has an annual turnover around 2.5 billion dollars, a skyscraper in Manhattan and 10,000 employees in the world. The Agency is part of the McGraw-Hill group, a giant of the world of media and information with more than 6 thousand billion dollars of receipts in 2010. Our sovereignty is decided by an eyebrow movement from "Dug" Peterson, up until 2010 a top director of Citigroup, the biggest financial services company in the world. Who knows him? And who has elected him? And who gives a guarantee for him? The Bildeberg Group or Goldman Sachs? A supranational structure, not elected by anyone. It has more power than the EU. Who has handed it this power? The power is of the citizens. The market is of the cows.