"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Russia Pushes BRICS Nations to Establish Their Own Rating Agency
Submitted by Melinda L. Secor on Sun, 2014-05-04 01:00
"Standard & Poor's has downgraded Russia’s long-term foreign currency sovereign credit rating from BBB to BBB-. According to the Russian authorities, the major rating agencies are influenced by the United States, and an alternative BRICS-based rating agency should be established. China has already expressed its interest in the project."
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