The New KKK

The Ku Kux Klan exists for a simple purpose:  to extract economic value from a majority for the benefit of a minority.  It happens that the majority is black folks and the minority is white folks in the South.  That the precursor to the KKK was slavery is, of course, not a coincidence.  Nor is it a coincidence that the KKK wraps itself in the Bible.

Well, those good white folks at Standard & Poors have done the KKK one better.  It's still a minority seeking to subjugate a majority, and the minority is still a handful of white folks.  But S&P are after really big bear, this time.  They want to tell sovereign governments what to do.  Recall that the rating agencies exist to provide transparency into the workings of private capital, a function at which they have traditionally been captive to the capitalists they're supposed shine light on. 

So now, in order to punish the government for having the temerity to point out their failure to perform their primary mission, S&P decides it has the right and obligation to run our government.  This is tyranny, pure and simple.  The .1%-ers are using a proxy to run our government.  Obambi will just roll over, again.  You'll know these guys on the street when you see them.  The white dunce cap, brown shirt, and nicely polished boots.

Krugman, and others, have been spent a good deal of ink debunking the bond vigilante justification for sending the country into a true Depression, as the .1%-ers clearly desire.  I don't recall him, or the others, connecting the dots to the rating agencies as the implementers.  Well, here we are.  Get ready for a rapid descent, and keep your hands inside the vehicle.