Economy
Related: About this forumI think TPTB, the banksters and the 1% have decided on a Thelma and Louise Scenario
I cannot explain today's events with any other set up.
How, in the face of so much popular rage, they can choose to press on with their greed and need...to the point of the annihilation of themselves by the rest of the world.
And it will happen. Just not soon enough.
DemReadingDU
(16,000 posts)several triggers are pulled at the same time...
the Fed hikes rates
Greece Defaults
terrorist attack
power grid hacked
something else
Then whooosh
Demeter
(85,373 posts)Stocks crashing, banks failing, insurers going bust,
and all that lovely paper goes up in smoke.
mother earth
(6,002 posts)Demeter
(85,373 posts)Fuddnik
(8,846 posts)Unfortunately, we're tied and gagged in the trunk.
DemReadingDU
(16,000 posts)3 minute video at link
6/19/15 Traders channel Bill Murray on Greece, China: 'It just doesn't matter'
Summer camps are opening their bunks, and stock traders are chanting Bill Murrays dismissive rallying cry from that classic camp movie Meatballs: It just doesnt matter.
Greeces financial lifeline remains in serious peril, you say?
Doesnt matter (yet). Weve been at this five years and its hard to draw a direct link between Grexit and American corporate cash flows.
The Shanghai stock market is down 10% this week alone and is beginning to look like a critically unstable speculative casino - is that right?
Thats worth watching but how much did it really matter to U.S. investors when the Mainland market was doubling over the past year?
The internal action of the American stock market remains a bit ragged, doesnt it, with those uncooperative transportation stocks bouncing only meekly even as the S&P 500 advances toward the top of its months-long range?
Its hard to get too concerned at this point about the rail and freight stocks when theyve been suffering for months now. And those stalwart groups that held the indexes together in the recent shallow pullback didnt disappoint in Thursdays 1% S&P rally: That would be the biotechs, banks and small-caps.
This helps explain why all those global and local concerns failed to prevent the U.S. market from popping nicely higher a day after Fed Chair Janet Yellen downgraded the economic outlook as expected.
more...
http://finance.yahoo.com/news/trading-the--meatballs--market-115013189.html
mother earth
(6,002 posts)grab and you take your winnings & then crash the system. I've read the Great Depression was deliberate, seems like this is as well. After the SHTF we'll finally get a New Deal perhaps because it is all that can be done to start anew.
The bums just don't want to go to jail, they'd rather have mayhem.
DemReadingDU
(16,000 posts)Most of us will likely be dead by then. Because... this corrupt rigged system is global, not just the U.S.
mother earth
(6,002 posts)today we are more connected.