While boasting of our noble deeds we're careful to concealthe ugly fact that by an iniquitous money system we havenationalized a system of oppression which, though more refined,is not less cruel than the old system of chattel slavery.
Horace GreeleyAbout author
- Author's profession: Editor
- Nationality: american
- Born: February 3, 1811
- Died: November 29, 1872
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People enter politics or the Civil Service out of a desire to exert power and influence events; this, I maintain, is an illness. It's only when one realises that great administrators and leaders of men have all been at any rate slightly mad that one has a true understanding of history.
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It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to rescue countries in its periphery.
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