Social Barometer Of 10/22
(Conspiracy Nation, 10/21/07) – News of a Zogby poll included reference to the stock market as “social barometer.” Supposedly, as the Dow-Jones climbs this indicates people are generally happy. (“Debt Ceiling Not Ballyhooed,” http://www.shout.net/~bigred/DebtCeiling.html)
Tomorrow, Monday, October 22nd, the social barometer will be tested. If the so-called “bargain hunters” move in and the Dow-Jones average climbs, establishment cheerleaders will huzzah and say, “All is well.”
The numerology for tomorrow is notable. “22” is a master number. 9 plus 1 equals 10. Eleven times two equals 22. In other words, 9/11 part 2 and times 2 (9+1 and 11x2).
This does not predict anything. It only notices the Pythagorean oddity.
A “Russell Index”, said to be a more general economic representation, has been flat these past few years. A “Hindenburg Omen” shows divergence in stocks: some at record highs; others at record lows.
If this seems “Loony” it is no more than how other financial analysts ascertain the situation. Business press reports routinely examine various entrails.
Slowly, news is seeping out about an M-LEQ (Master-Liquidity Enhancement Conduit) scheme now underway. Alan Greenspan, not shy about blunt opinion these days, stated Friday that M-LEC “may actually hurt rather than help.” M-LEC is different than LTCM (Long Term Capital Management, rescued in 1998) because their underlying assets were sound. Such is not the case with M-LEC, “geared to support a faltering asset class - mainly securities backed by subprime mortgages, according to Greenspan.” (“Greenspan says new bank fund may hurt markets,” Reuters, October 19, 2007)
The so-called “Federal” Reserve has opened a $30 billion line of credit to the United Kingdom! These are “emergency funds” having “particular reference to investors holding mortgage-backed securities.” (“Barclays and RBS line up Fed for £15bn,” London Telegraph, October 20, 2007, by Iain Dey)
So why would the “Fed” open such a line of credit to the Brits? Don't the “cousins” have their own central bank?
Here in the USA, an orderly currency devaluation appears to be underway. This is what Treasury Secretary Henry Paulson means when he keeps saying, “The U.S. is committed to a strong dollar.” These are code words signifying the devaluation will be gradual.
That's how “they” are sweeping things under the carpet: by shaving the edges off the coin. That will eventually pay down the debt overload. The “carpet” would be the fake inflation statistics.
The International Monetary Fund (IMF) concurs. Managing Director Rodrigo Rato says the dollar is still “overvalued” but applauds its “orderly decline” thus far. (“IMF's Rato: Dollar overvalued despite orderly slide,” Reuters, October 20, 2007)
Will things go according to plan? Or will the dollar devaluation not be “orderly.” Ambrose Evans-Pritchard, in the London Telegraph newspaper, warns that, “The wolf packs are circling.” Alan Greenspan, suddenly a straight-talker, believes, “The vultures sometimes are very useful.” Evans-Pritchard sees secretive hedge funds about to pounce, “on a global scale.” The Big Boys will follow the tide of various international inflations. The rest of us will be dumbfounded. The “scramble for exposure to global equity inflation explains the force of the rallies on Wall Street and Europe's bourses since August.” (“Hedge funds target currency pegs,” by Ambrose Evans-Pritchard. London Telegraph, October 16, 2007. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/15/ccview115.xml)
And what does this mean for the stock market “social barometer”? And is it really a “social barometer”?
It is “controlled chaos,” writes Matthias Chang, a Malaysian barrister and former adviser to Malaysia's Prime Minister. Not only will dollar devaluation be “orderly,” but even bread riots will be under supervision, as Chang sees it. (“A Malaysian View Of The Financial Collapse,” 10/20/07. http://www.rense.com/general78/amalay.htm).
Evans-Pritchard (op. cit.) also takes a gloomy view: “This time the capitalist core is rotten. Neither Western Europe nor the United States are strong enough to support the twin pillars of the world's currency system. Nobody else is ready.” The “twin pillars” (get it? twin pillars, as in the number “11” and the WTC towers?) are the dollar and the euro. No other currency can fill the gap – except perhaps a new, global currency.
Conspiracy Nation
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