From The Bad To The Really Sinister
By The Mogambo Guru
10/07/08 "The Daily Reckoning. " --08/07/08 - The first half of the year is
over, and now all those brokerage accounts and retirement accounts will be
sending out statements to hapless account holders, and it is bad news in
spades. This is why (I assume) the Plunge Protection Team (composed of the
US Federal Reserve, the Treasury and bank insiders) tried to drive the stock
markets up on Monday, June 30 - to make those account statements look not
quite as bad, and, hopefully, prevent people from dumping all of their stock
and bond holdings in a desperate attempt to save something before the whole
idiotic, fiat-currency, unlimited-fractional-banking thing just collapses.
Perhaps this drop in the market averages (as demand overwhelms supply) is
what prompted John Williams at
shadowstats.com to write, "Overhanging the
markets for a number of years has been the question as to when the major
holders of excess US dollars in the global financial system might look to
dump those holdings. An opportunity for that dumping is at hand."