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This afternoon, the major stock indexes are still under severe selling pressure. The Dow Jones Industrial Average is trading lower by more than 440.00 points to 10,674.00. The one factor that is helping the stock indexes from declining lower is the quick drop in the U.S. Dollar Index. Around 2:20 pm EST there was news released that the European Union was looking to quickly capitalize the banks in the Euro-zone. We have to chuckle, what have they been doing for the past two years? All of the sudden they are going to quickly flood the banks with money, this is scary when you think about it.
In any case, the U.S. Dollar Index futures sold off by 0.40 cents in seconds and this caused a spike higher in the major stock indexes. Often when markets are selling off this sharply the institutions will try anything to cause a short squeeze to get the markets to trade higher. At this stage of the game most traders and investors must be wondering why the European Union is even in place. Greece could simply just be the tip of the iceberg. What is going to happen with Italy, Spain, and France over the next six months? That is the question that traders are asking themselves now. The days where the institutions drop the U.S. Dollar Index and cause a short squeeze might be over for the time being.
In any case, the U.S. Dollar Index futures sold off by 0.40 cents in seconds and this caused a spike higher in the major stock indexes. Often when markets are selling off this sharply the institutions will try anything to cause a short squeeze to get the markets to trade higher. At this stage of the game most traders and investors must be wondering why the European Union is even in place. Greece could simply just be the tip of the iceberg. What is going to happen with Italy, Spain, and France over the next six months? That is the question that traders are asking themselves now. The days where the institutions drop the U.S. Dollar Index and cause a short squeeze might be over for the time being.
LONDON: Lloyd's of London, the world's oldest insurance market, has pulled deposits from European banks on concerns that governments may be unable to support lenders in a worsening debt crisis, Finance Director Luke Savage said.
China flash PMI 49.4 = Reading below 50 indicates a contraction in the manufacturing industries.
http://www.marketwatch.com/story/hsbc-manufacturing-data-paint-weak-picture-2011-09-22
Asian shares nose-dive, reacting badly to the Fed’s concerns about growth risks and weak China data.
Traders and investors are expecting the Federal Reserve to implement Operation Twist tomorrow. This is when the central bank will replace short-term U.S. Treasuries in its $1.65 trillion portfolio with long term bonds. This action by the Federal Reserve may already be priced into the stock market and the long term effects should be minimal. A real surprise to the markets would be another quantitative easing program called QE-3. This would send commodities and the stock markets higher just the way it did late last year when the Federal Reserve began its $600 billion QE-2 program. That program just ended on June 30, 2011. It caused massive inflation around the world.
Many investors believe that the Federal Reserve's $600 billion QE-2 program was the cause of the food riots in the Middle East and Northern Africa last year. When the central banks create more U.S. Dollars this makes everything that people need for survival such as food, energy, and commodities more expensive.
If Blankfein is under investigation and hiring someone of Weingarten’s caliber, a massive legal storm is about to begin on Wall Street. These lawsuits will involve the US Federal Reserve. And when push comes to shove, Blankfein (and other Wall Street executives who broke the law) will be blaming Bernanke and the Fed.
http://seekingalpha.com/article/294635-the-market-is-on-the-edge-of-a-cliff
Joseph Saluzzi, co-founder of Themis Trading LLC, joins Jim Puplava this week on Financial Sense Newshour to discuss High Frequency Trading and the inherent volatility and risks it brings to the financial system.
http://www.financialsensenewshour.com/broadcast/fsn2011-0921-1.mp3
FULL ARTICLE, LENGTHY: http://www.divinecosmos.com/start-here/davids-blog/975-undergroundbases
Snippet:
2008 LEHMAN SHOCK WAS ASIAN COUNTER-ATTACK
Then there was a counter-attack.
The [leaders of the cabal] were told that we would no longer accept dollars printed within the United States.
That’s what you know of as the Lehman crisis.
76 PERCENT DROP IN JAPANESE CAR EXPORTS TO THE US
You can check this in the public record.
If you look at Japanese export statistics, from October or November 2008, after the Lehman shock, you will see something like a 76 percent year-to-year drop in Japanese car exports to the US.
This was the Japanese and other people saying, “You can no longer use paper to buy stuff from the rest of the world. You have to trade with real things.”
Of course, your public was not let in on this.
DW: That’s where I think people’s brain is going to get busted. Nobody publicly knows that this Lehman shock had anything to do with Asia.
BF: Yeah, I know. The way you can check it is to look at the export-import statistics after the Lehman shock.
The other way to check it is to look at the Baltic Dry Index. That’s the price of shipping.
WHY DOES THE CABAL NEED TO STEAL MONEY?
Why did these guys need money? If they have so much infrastructure, so many assets, and massive political power, why can’t they just nakedly exercise power… move men around, move munitions around?
Why do they need money? Why are they going around like a crackhead looking for a fix?
Why are they going to all these different countries and trying to scam money off of them? Why can’t they just print dollars and make more money?
BF: Because people aren’t accepting their dollars worldwide.
You’ve got to remember there are 800 US military bases around the world.
If they can’t make the payroll for these guys, they’re going to be marching out of their bases with food bowls in their hands, begging for food.
DW: Right.
THE ASIANS CUT OFF THE MONEY SUPPLY TO WALL STREET
BF: They’re being cut off from their oil, from their other resources. That was their Achilles heel – the control of money.
Their private army was self-financing. They had their own industries and their own income.
The US army is dependent on Wall Street financing. That’s why they were dependent on ultimately the Chinese and the Asians, who were financing Wall Street.
FULL ARTICLE, LENGTHY: http://www.divinecosmos.com/start-here/davids-blog/975-undergroundbases
