Opinions count -but some more than others it appears. Credit Rating Agency (CRA) Standard & Poor’s opinions seem to shout the loudest and cause maximum effect. It delivers blow after blow with it’s dramatic, dreaded ‘downgrading’ of currencies and organizations around the world. But can S&P (7+1 = 8 – power, control) or anyone’s opinions always be right?
Along with Moody’s, and Fitch, S&P are one of the ‘The Big Three’ (3 – the blueprint) CRAs that rule the financial world. Standard & Poor’s (56/11/2 – team work, group responsibility) began life in 1860 (24/6 – balance and harmony) to comment on the health of USA railroads. It has truly travelled long distances in its 151 years history to be the conglomerate it is today. Its motto surely must be ‘service,’ but whom are they serving and who’s benefiting from their governance?
Many believe it was S&Ps rigorous downgrading that prompted the USA financial crash in 2008 (10/1 – rebirth, new direction, breakthroughs), which so swiftly led to much of the modern world dropping into recession. So are we giving away our power to an outmoded system of rule that, like the banking system desperately needs updating?
The final straw (or opinion) was delivered on 13.1.2012 = 19/10/1 (right use of power and leadership), when S&P downgraded the European Financial Stability Faculty. This fund provides a vital financial lynchpin for Euro Zone members in crisis. This would be funny if it weren’t so serious and perhaps – altogether strategic?
The Euro Zone is a powerful collective. Let’s be clear…in July 2011 there was Euros 890 Billion in circulation more than any other currency in the world (including US $). (890 = 17/8 = soul purpose, strength). Also, on a daily basis around 332 (service to the group, choice) million Europeans use this currency. After the USA Dollar the Euro (23/5 = method of communication, expansion) is the second most used currency in the world. So we can confidently say that the vast majority of opinions are pro Euro.
Europe – like the rest of the world in 2012 – is experiencing great change. During transition there is mess and destruction, but like the Phoenix, Europe will rise again out of the ashes of the current challenging situation, given a chance.
During this 5 Year Cycle it’s up to us to question everything and to use common sense and emotional intelligence to make up our minds. There is room in the world for everyone and everything – including Dollars, Yen and Euros. Yes, in this 2012 Year (5 or 23/5 and 32/5 Cycle), it’s ‘big change.’ Indeed, CRAs may even learn to keep some of their opinions to themselves.
© 2012 Copyright Sonia Ducie
Numering make things more intresting and inspiring, but it also complicate the matter.Nice post.