S&P and the Bilderbergers: All Part of the Plan?
What just happened in the stock market? Last week, the Dow Jones Industrial Average rose or fell by at least 400 points for four straight days, a stock market first.
The worst drop was on Monday, 8-8-11, when the Dow plunged 624 points. Monday was the first day of trading after US Treasury bonds were downgraded from AAA to AA+ by Standard and Poor’s.
But the roller coaster actually began on Tuesday, 8-2-11, the day after the last-minute deal to raise the U.S. debt ceiling — a deal that was supposed to avoid the downgrade that happened anyway five days later. The Dow changed directions for eight consecutive trading sessions after that, another first.
The volatility was unprecedented, leaving analysts at a loss to explain it. High frequency program trading no doubt added to the wild swings, but why the daily reversals? Why didn’t the market head down and just keep going, as it did in September 2008?
The plunge on 8-8-11 was the worst since 2008 and the sixth largest stock market crash ever. According to Der Spiegel, one of the most widely read periodicals in Europe:
Many economists have been pointing out that last week’s panic resembled the fear that swept financial markets after the collapse of US investment bank Lehman Brothers in September 2008.
Then as now, banks stopped lending each other money. Then as now, banks’ cash deposits at the central bank doubled within days.
On Tuesday, August 9, however, the market gained more points from its low than it lost on Monday. Why? A tug of war seemed to be going on between two titanic forces, one bent on crashing the market, the other on propping it up.
And now… the rest of the story. …..
Harold
Harold you may have saved the USA by publishing Ms. Brown article. As I have stated here often as well, we have been looking at this for years. It was a while before they considered us extremist and even anti-Semite. I warned the president he was surrounded by vipers. Fortunately on some issue he has a tendency to listen to the public. I warned him of this conspiracy to bankrupt America as I remember Bush statement “let it go bankrupt it will come back” he wanted money for the war. And gave him a good idea of what’s happening at the risk of being called a total Nut. Sen. McConnell was beginning to see the working of a fifth column as I called it that has invaded us and stepped in. Nut wrote the White House again not to relax they never give up they will come at you from the market this time better take emergency measure to stop what Goldman Sack did with the Gulf disaster. Profiteering AND fire sales of our industries. I even mentioned here that the final move was to move the Federal reserve to Israel and that will explain Netanyahu behavour.
But while I have a Phd in Government I do not have the resources Mr. Brown has so I am so happy and grateful to you for publishing her article here. I am 85 years old Harold not looking for a job in Washington but I think if the criminal know we the people know the facts it will slow down them and also make some drastic mistake like S&P that gives them away. I will try to bring your Paper withthi article to the White house. Will write to Ms. Brown and congratulte her it takes courage I know.