"There's no way to rule innocent men. The only power government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws."
Ayn Rand, Atlas Shrugged
Today the SEC announced action against what we see as the only competent ratings agency, Egan-Jones. They are also personally gunning for Sean Egan.
The charges levied are hardly relevant. The SEC has so many regulations that even the nations top securities lawyers concede they are not fully aware of them all. The reason that an agency behaves this way is they must maintain the ability to apply laws when necessary so as to control market participants who challenge the agenda of their superiors.
We suggest you consider the fact that Sean Egan's firm downgraded their rating of the US Treasury's fiscal condition twice. The firm, and its namesake, made the critical mistake of challenging a fascist regime by stating the truth.
The US government is technically insolvent as it borrows nearly 50% of its annual budget. The nations power elite seem determined to maintain a dependent welfare state and unquenchable thirst for senseless war. Anyone who uses logic, reason and facts to asset that this behavior is unsustainable will be burned at the stake and demonized by the strong arm of the state controlled press.