Standard and Poor’s carries out German and EU policy on migrants by downgrading Polish bonds
As a footnote to Guillaume Durocher’s “Poland Rearms in the Demographic & Cultural War (as EU and Germany Impotently Protest),” Zerohedge has a nice blog reporting on the downgrade in Polish government bonds as a result of Poland standing up to the EU and Germany.
Over the past week, Poland’s relations with Europe have gone from cordial to abysmal, when first Poland’s new Eurosceptic government compared the EU and Merkel to Nazis, with Polish weekly Wprost releasing the following cover saying “they want to supervise Poland again”…

… only for Brussels to retaliate and launch an “unprecedented” review of Polish media laws, a move which Poland angrily responded is far beyond the EU’s domain.
Well, as so often happens, whenever there is a political spat in Europe, the rating agencies are quickly involved (think S&P and Moody’s downgrades and upgrades of Greece depending on how well the vassal nation is “behaving”), and moments ago S&P downgraded Poland from A- to BBB+ outlook negative, precisely due to Poland’s new media law which has been the topic of so much consternation over the past week.
In other words, S&P is now nothing more than a lackey for Brussels, threatening to send Polish yields higher if Poland does not fall in line.
The report notes, “The government’s new media law, as another example [threatening Poland’s credit worthiness], gives the government extensive powers to appoint and control the directors and supervisory boards of public broadcasters.” One wonders exactly how such powers are supposed to affect the Polish economy in a way that would warrant the downgrade. It’s never made clear. One could only wish that a populist US government would clean house of the multicultural lefties at NPR and PBS, and I rather doubt it would hurt the economy.
The report also states, “Pronouncements about … the refugee crisis, may heighten tensions between Poland and many Western-European EU states.” The logic seems to be that a sound economy absolutely requires knuckling under to the EU and Germany on refugees. Because, as we all know, refugees are enormously beneficial to the economy and more than pay for themselves. Oh wait, refugees cost Germany along at least 17 billion euros ($18.6 billion) (another estimate, 21 billion euros ($22.6 billion)). So why not downgrade Germany because of their added debt — and the increasing tensions with the far saner countries of Eastern Europe, Poland, Hungary, et al.?
Of course, Standard and Poor’s has nothing but the highest ethical standards and would certainly not let its politics affect its ratings. Well, maybe not. In February of last year they paid $1.5 billion in fines for their behavior during the mortgage meltdown.


Professor Kevin MacDonald is well known for his research on evolutionary psychology and group strategies, and he is the author of several books. The most well known of these have doubtless been A People that Shall Dwell Alone: Judaism as a Group Evolutionary Strategy (1994), Separation and Its Discontents: Toward an Evolutionary Theory of Anti-Semitism (1998), and The Culture of Critique: An Evolutionary Analysis of Jewish Involvement in Twentieth- Century Intellectual and Political Movements (1998). The last of these books has been translated into Swedish (Kritikkulturen), as has MacDonald’s monograph Understanding Jewish Influence (Att förstå det judiska inflytandet). Both books have been much appreciated and I am very glad to have been involved in the work to publish a third book in Swedish by Kevin MacDonald. Several of the chapters in this book have been published earlier on different webpages, but unfortunately, these webpages are they are no longer active. Over the years I have tried to contribute to these pages and fortunately I have access to archives with important translations and other published material. This book is the first result of an ongoing work with categorizing and identifying the most important articles in these archives. 





