PageRank dropped? Here's why

[Tephus]

Many people's got their PageRank dropped last week . And while we thought it was a new algorithm update, turns out it's just a hoax.

* Google has a long history of deceiving webmasters, in order to push Google's business interests and keep their search results clean.
* In October Google updated toolbar PageRank values at least 3 times to scare people away from buying links. Sites that had their PageRank values appear penalized did not lose any traffic. After complaints from webmasters, Google restored PageRank values of some sites that were penalized, which showed the alleged penalty had no teeth.
* NONE of the announcements about Google penalizing sites are on official Google sites, such that they can control people through fear and have the media spread misinformation.

Anyone with a better theory?