In our fraud-ridden markets, trivialities like economic fundamentals are no longer a factor in pricing markets. Rather, instead of “fundamentals” we now have patterns of manipulation: the direction in which markets are being pushed/pulled by the Western financial crime syndicate.
In this respect, we look to the corporate media propaganda machine not for information, but rather for clues on if/when a new pattern of manipulation is about to occur in a particular market. Here we have Bloomberg tipping us off that a new paradigm of corruption is about to take hold in Western bond markets.
Previously, credit ratings mattered. Indeed, the knee-jerk reaction of lower credit ratings leading to higher interest rates on European bonds was the principal mechanism used by the Wall Street banksters in perpetrating the economic rape of Europe via its bond markets. Simultaneously, we were bombarded with propaganda that the “AAA” credit ratings of the U.S. and the UK was what set them apart from the “riskier” bond markets of Europe.
But that was then, and this is now. With the rape of Europe now a fait accompli, the bankers have customized a new crime paradigm for the bond market – one which takes into account that the absurd/fraudulent credit ratings of the U.S. and UK are about to decline to at least slightly more plausible levels.
Does this mean that U.S./UK bond-holders should be dumping the most over-priced bonds in the history of the world? Of course not, scoffs Bloomberg; because as any good propagandist could tell you (starting today), credit ratings don’t matter in the bond market.
…Bond investors needn’t worry that a rating cut will hurt returns. About half the time, government bond yields move in the opposite direction suggested by new ratings, according to data compiled by Bloomberg on 314 upgrades, downgrades and outlook changes going back to 1974...
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