John ; I don't know what the actual symbol is for the dollar
index or how it's made up, I just use
decisionpoint.com
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Our stock assets and the bond are tied to the dollar , so
A falling dollar makes our assets lose value for any foreigner
holding them even if "our market looks flat to us" in fact
it could be going up in our eyes but down in their eyes, and in
their pocket book, I reported over 3 weeks ago that forinegers
were easing out of our blue chips, it's just this last week
that local inflows into funds couldn't hide it any more.
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Note the dollar has fallen about 3% with this correction so far,
so to them who can make currency swaps the NDX is down 9.3% and
the SPX down 7.2%.
There will always be controversy about this but the truth is
the bigger investment bankers go into a huddle and work in collision
with one another, it's like a fraternity and if you break the
rules and act like a renegade to their secreat code the others
gang up on you and clean your plate. Currency swaps are rigged more than oil prices , these guys have no national loyalty it's just
the way it is. They will short their own currency in a heart
beat if the head masters tells them to, every currency has its day
in the barrel where the nationals get it up the rear.
Then the Frat brothers come in and buy up assets at a discount while the currency is dirt cheap and move on to the next one.
I call it the Money Monkey Fraternity , and now days with electronic
transfers in the flash of an eye they rule the world, and the
only rules they have are on the pecking order within their
own order and that's never made public.
Politicians are just stooges on the take to these guys, if
they wanted to break up the criminal activity they would
pass a TOBIN tax on currency swaps, but too many people in high
places get rich off the racket so the public will be told a
TOBIN tax is bad.
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The dollar now seems to have downside momentum and they wont be
happy with some small discount ( or they never have before)
so I look for more downside. Last year it dropped almost 10%
while the market dropped 20% so they got a 30% discount and
no one even made any big noise about it, hell CreemSpam their
#1 stooge was made out to be a hero for saving the world from
disaster, meanwhile they played down Korea and Japan, but if
you go look you will see they have beat the pants off this
market ( dollar adjusted ).
quote.yahoo.com^N225&d=3ms
What most dead brain Americans don't look at is the Nikkie is
shown to us in YEN , well the YEN is way up and if that chart
was converted to dollars it the N225 would be off the chart.
They won't kill the Yen until they unload the stocks, by then
we should hit bottom and they will buy in while the dollar is
still cheap.
It's rigged and all we have are stooges on the take be they
republicans or democrats they won't bite the hand that feeds
them, and if it all goes to hell in a hand basket the Frat brothers
have golden parachutes and resorts to go hide out in while every
one else wonders and debates about what happened. And try to
attribute it to over speculation or some natural causes, when
what it really amounted to was out and out manipulation, which has
it's basis in the currency markets. They want you to think currency
is floating on supply and demand but they don't want you to
know they control that supply and demand.
Put a TOBIN tax on currency swaps and you may get a market that's
half assed fair.
Half the Tax goes to the Country who's currency is being sold or
shorted, the other half should pay for the IMF and UN, then you
could reduce taxes on the local level and make these racketeers
cough up some of their profits.
Try to get it passed and you won't last long, they will even bump
off a president in a heartbeat if they think he would mess up their
racket.
Jim
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