What's going on here? The markets are slowly dropping to the 8K level...
Submitted by LastAmericanStanding on Wed, 07/08/2009 - 13:00
...metals are falling with it (gold at the $901 mark) and no one is even mentioning it!?
What is going on? A few months ago, when the 'crash' was more popular it was all the rage. Now, as the market settles into it's permanent doldrums, no one even seems concerned about it.
When do the bells go off now? 7,000? 6,000?
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1. Controlled economic demolition.
2. The dollar is the reserve currency of the world. Everyone has dollars. An economist on C-T-C AM last night explained it well. Dollars are used by the elitists as they are used by the poorest people. The bankers will do everything in their power to insure that dollars last as long as possible because that is what they are spending and will continue to spend. All of their bonuses and saleries are paid in dollars. That is why dollars will be around for some time, because the rich have and use dollars.
It's funny how MSM sentiment changed a few days ago...
all the talk was of green shoots and recovery. About the time of the jobs report Biden said they may have miscalculated (like there was any calculation involved to begin with) the market started tanking. It's like somebody just switched the MSM's script overnight and things became very bearish. Goldman's code was stolen about the same time. Connected... who knows?
I just wonder when all the day-trader types are going to grab their ball and go home. There is no question the market is manipulated and I wouldn't want t play in a rigged game against a stacked deck.
It’s all in the game
No one in power today wants to see gold re-monetized, because it’s obvious when you’re broke. Gotta keep the Universe balanced.
Somone finally figured out
Somone finally figured out that it will take WORK to get the economy back....ALL the workers have been laid off.
*They have to do it LEGALLY
Good people make the difference, you-no
Wait...did you say WORK?!?!
No, sorry. We can't have that. Find another way out of this...
WORK is too much like work. The only think we make is money.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Goldman is Getting Busted For Front Running All Trading on NYSE
The PPT team is getting busted.
A few links that explain what has been going on the last few market days:
http://market-ticker.denninger.net/archives/1192-FLASH-Goldm...
http://www.dailykos.com/storyonly/2009/7/7/750786/-Incredibl...
There has been a tremendous amount of manipulation/theft that paraded as a "rally" over the past few months, it looks like the gig might be up.
Socialists are Everywhere
Socialists are Everywhere
Digg here...
http://digg.com/business_finance/Gluttons_at_Goldman
We will have to use alternative media like blogs and digg to get any attention to this story. The bought and paid for corporate media will have no part of it I'm sure.
d.e.f.l.a.t.i.o.n.
d.e.f.l.a.t.i.o.n.
I don't know what is going on.
It seems the PPT is taking a snooze. The good news is that oil is down.
"Financial writers for British newspapers The Observer and The Daily Telegraph, along with U.S. Congressman Ron Paul and writers Kevin Phillips (who claims "no personal firsthand knowledge" and is "not interested in becoming a conspiracy investigator") and John Crudele have charged that the Working Group has gone beyond their legal mandate. That the the Working Group is an orchestrated mechanism that attempts to manipulate U.S. stock markets in the event of a market crash by using government funds to buy stocks, or other instruments such as stock index futures--acts which are forbidden by law. Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, speculated that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." which makes one wonder if in fact he was merely speculating or revealing what had already been happening."
link: http://tpmcafe.talkingpointsmemo.com/talk/blogs/rainkeep/200...
JM
Dow 7,600
Is my intermediate target for the Dow. People will get worked up & panicked, sell their holdings, then it will turn around and continue on up until the end of summer. They'll kick themselves for selling out, and jump back in at precisely the wrong time.
One time "investors" will be turned into day trading gamblers, and in the process, lose everything.
I think that is true as well...
someone I was reading noted that many CEO's were unloading lots of stocks, and what a better time, especially when you've got your buddies holding down gold and silver. The plan must be to sell off worthless stocks, bundle up a good metal deal, store it away where ever the creeps hold their stuff, and find a nice temporary pad for the market (don't crash just yet). From there what you are saying, Michael, dovetails in nicely.
At least that's what I think...
Assert Your Authority
Assert Your Authority
Didn't someone say the market
would be down to 4-6 thousand late July early Aug 2009?
It is not a good sign, I
It is not a good sign, I agree.
We're heading into earnings season. The market is getting nervous. Companies will be announcing earnings, and saying how business has been for the last quarter, and giving their forecasts for the upcoming quarter / year.
They're really playing it up on CNBC.
I think the market will continue to sell off into the middle of the month or so, but somehow, the optimism will return, sucking more suckers in for the final decline. The decline, I think, will be much worse and will follow the 1929 - 1933 pattern of a roughly 95% fall in market value. That should put the Dow in the 1,000 - 2,000 range.
If you don't know the deflation argument, you should familiarize yourself with it, as it is playing out, according to plan.
It is not looking good. Here an article from MarketWatch.
"The market is adjusting itself," said Michael Fitzpatrick, an analyst at MF Global. "In the past few weeks, there was a lot of wishful thinking that the economy will recover. Now people realize there is no evidence of any sustainable economic growth."
link: http://www.marketwatch.com/story/crude-drops-further-as-dist...
JM
Peter Schiff thinks gold
Peter Schiff thinks gold will be 1 to 1 with the dow. If your prediction is right then, according to Schiff, an ounce of gold will be 1000 to 2000 dollars
You Judge A Tree By It's Fruit, NOT its Flower
Gold for safety
Peter also thinks people will flock to Gold for safety and protection from a failing/ falling dollar. Gold seems to be bearish at least for the near term... no flocking at the moment. It seems that G8 et. al are still giving the dollar the big talk.
What do you think, in a deflationary environment will Gold raise or hold against the dow or decline with it...I have read all sorts of information and opinions on this. It seems more and more I am hearing a consensus on a near term downtrend for Gold… maybe to 880 or even 850. If that is the case it seems like many of the juniors Peter advocates are going to take a real hit. Long term Gold’s a bull, but when to buy… or should I say when to buy more...
Who knows....
The NWO syndicate took its ball and went home, got bored of trying to scare all "the people" & decided to create the basis for another scam somewhere else....
The bankers saw no reason to continue making noise over it. In the end they're probably more scared of all the patriots & citizens than the people are scared of them......
Gold went back down again.....they will just keep falling as usual.