Moody’s is an American rating company, and its butt determines its head. Does it have to speak for the U.S. government?
Don’t tell me anything about fairness and justice without borders. This is all bullshit!
Let’s just say that based on the benefits obtained from China alone, does Apple count as one of the major American companies? If Apple’s supply chain is moved out of China to unreliable places like India and Vietnam, will Apple suffer a real beating? Just look at the yield rate. Nowadays, Apple’s quality control can make many patients with obsessive-compulsive disorder want to smash their phones.
Even so, Apple is still gritting its teeth and cultivating an unreliable Indian supply chain bit by bit, spending money and effort and being thankless. Isn’t this a mental illness if it only returns from capital?
But Apple is an American company. The interests of the United States should not be given priority, but they must also be placed in a very important position. Capitalists are not fools. What do multinational companies rely on to run rampant around the world and not be suppressed by local protectionism in various countries? Isn’t it the global hegemony of US imperialism?
Of course, transnational capital cannot be patriots, but it is a firm defender of the hegemonic system.
In the current game between China and the United States, the United States thinks that it is invincible in financial tricks. In real business wars, it always uses the simplest method, directly smearing it, without any roundabout ways.
To be honest, the fact that Moody’s has only now lowered China’s sovereign rating is very telling. On August 1, Fitch, one of the three major international rating agencies, suddenly announced that it would lower the US sovereign rating to AA+. There are also European and American The competition for international funds, and the interest rate hikes in the United States and Laos until now have drained global liquidity. The Federal Reserve is shrinking its balance sheet and releasing targeted water to U.S. financial institutions off the balance sheet. Because the data is not transparent, the outside world is not connected There are no specific figures to criticize, and it is very unethical to do so. Credit Suisse is thundering, and the appearance of death is ugly. Behind it is an even more ugly appearance of eating, in order to puncture the golden sign of Swiss Bank and accelerate the flight of funds from Europe. .
So Fitch, controlled by Europeans, took action and downgraded the U.S. sovereign rating.
By November, several consecutive U.S. debt auctions had problems, and Moody’s coffin began to fail.
Among the three major international rating agencies, Standard & Poor’s was the first to take action. In August 2011, it downgraded the US sovereign rating to AA+. Although it was subsequently targeted by the US government in various ways, the CEO has since lost contact and paid a fine of more than one billion. Finally, peace was made with the US government.
What’s interesting is that 12 years have passed and Standard & Poor’s has not raised the U.S. sovereign rating. I don’t know what to insist on. What, you said professionalism, haha, I almost believed it.
Moody’s belongs to Buffett. The old man is very awesome and can let the US government formulate laws according to his needs. This is the way to control market leaders.
Buffett has always been a positive person. He shouts slogans about loving the United States loudly wherever he goes. He claims that he is determined not to participate in the behavior of shorting the motherland (maybe he has not found the opportunity). If he is not forced by the situation, Moody’s will not downgrade the United States even if it kills him. Credit Rating.
But in the end Moody’s did so, and the U.S. credit rating changed directly from outlook to negative, although the sovereign rating still stubbornly remained at the highest level of aaa.
The tricks of the rating companies are the same as those of the Big Four international accounting firms. Their conscience and professionalism are very flexible.
I previously watched a documentary about the 2008 subprime mortgage crisis. It scolded rating companies and financial institutions for being in cahoots with each other to deceive people by assigning junk bonds a high credit rating and selling them to make money.
The ratings company managers interviewed also put it very directly: We rate and customers pay, what can I do?
Yes, what can it do? Can I get paid if I really stick to my professionalism?
The more problematic it is that needs to be cleaned up, the higher the price can be paid.
So there is another cool operation. I am company A, and my competitor is company B. I pay the rating company to evaluate company B. Do you think it will be extra strict to make my father, the funder, happy?
Speaking of Moody’s, everyone likes to use Moody’s lowering of Evergrande’s credit rating as an example. It seems like Moody’s is so professional. You have to understand who paid for Moody’s to rate Evergrande.
After 2015, Evergrande Real Estate’s stock surged for a period of time. Some people are long, and some are short. There are many international short sellers in the Hong Kong market. It is very possible to bribe rating agencies to cooperate with short sellers.
It’s just that the bullet fired in 2015 did not hurt Evergrande and went round and round. By 2023, it hit the false target of justice.
I really believe that Moody came to seek justice, but the pattern was broken.
I have always envied the service industry system that Americans play. The American service spirit is very awesome. People serve while standing, and you have to kneel down to pay.
Can you still deny the professionalism of this service attitude?
More than 80% of the U.S. GDP is generated by the service industry. As long as everyone is trapped in a vicious cycle of having to accept services, the service industry will naturally flourish.
There are lawsuits everywhere, so you must hire a lawyer to defend yourself;
Even professionals may not be able to understand the law. If you are running a business, you must find a big law firm to serve you. Otherwise, you may step on the traps that others have laid in the legal provisions every minute;
You want to be a good citizen who actively pays taxes, haha, tax laws change every day, and various patches can make you faint. You must receive the services of a specialized tax accountant, otherwise the IRS will make you want to die;
You originally just wanted to do a simple financial business, but you must first accept the services of various professional lawyers, accountants, auditing, and rating companies, otherwise you are not worthy!
Let’s talk about Evergrande. The audit done by PricewaterhouseCoopers is fake. It’s obvious that losses can be turned into profits. I’m a layman and I didn’t get any data, so I just figured it out. I asked my friends who were involved in business ticketing about the payment situation of downstream companies, and I told them in 2019 that something must have happened to Evergrande.
In 2020, people are being advised to cash in their commercial bills as soon as possible, even if they suffer losses, and they will not accept projects if they can.
However, the auditors of PricewaterhouseCoopers, who had been busy for several years, actually saw that the situation was very good. In the end, they came up with a slap in the face, with a huge loss of 800 billion.
Is it because the professional skills are too poor, or is Evergrande giving too much money that blinds the professionals?
If it’s the former, what use are these Big Four doing? If it’s the latter, it’s still the same question, can such bullshit be used?
So you see, what is this set of forced service tricks?
In fact, it is an excuse to shirk responsibility, complicate simple things, involve many innocent people, and then distribute a large amount of benefits to so-called professionals. Everyone unites to complete the closed loop of the so-called right to speak.
If something goes wrong by then, it’s very simple and everyone says it’s fine. Then it’s an emergency, a systemic problem, and no one person should be held responsible.
If you don’t believe me, you can go and take a look. After the subprime mortgage crisis in 2008, did anyone stand up and take the blame?
In small cases, unlucky people will be picked out and dealt with. If such a big thing happens, then Wall Street is not at fault, but you idiot is wrong. You believe the nonsense of Wall Street and you should be responsible for your own profits and losses.
So in the end, the angry American people rushed to the streets and occupied Wall Street, which made Obama have to play dirty crotch games to divert the attention of the people.
There is no such thing as professionalism, and professionalism has never been the only criterion for these service professionals to draw conclusions.
The only standard is to serve the sponsor dad!
In November, Moody’s downgraded the rating of the United States to negative. This was because he could not withstand the pressure. Everyone had done it. His refusal showed that he had no professionalism. Moreover, the U.S. debt had obviously lost its liquidity, and he had to give up at every auction. The Federal Reserve, which is about to shrink its balance sheet, is taking cover. If this is not a negative, what else is a negative?
It is unreasonable for people who love America to give America a bad review but still give China a good review!
To be honest, no one hopes that something will happen to the big Eastern country more than these big guys in the service industry. The reason is very simple. If we do well, the United States will not be able to survive. In the future, this kind of forced buying and selling of services will be a business of making money. Who is willing to pay the bill?
Therefore, Moody’s downgrading of China’s sovereign rating is a normal operation, but not doing so would be abnormal. Patriots in the United States may jump up and chase and scold them, and the scolding will be unfair.
After such an analysis, you will know how to look at this matter, and just don’t take it seriously.
If someone takes advantage of Moody’s professionalism, teach him or her what the service industry is, what the real financial backer is, and the nature of this game.
If the enemy doesn’t come out and say something, it means we haven’t done our job well enough. Let them say it and do it as they should.