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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (86443)	9/24/2008 12:20:21 PM
From: benwood	4 Recommendations Respond to of 116555

What the regime is saying is that for the one or two trillion dollars that the middle class puts in, ya get nothin' ya rummy idjuts. But Warren Buffet puts in 0.005 trillion dollars, and HE gets a piece of the pie, the rights to buy stock later at what could be a greatly reduced price (ironically because he's banking on the middle class being fleeced yet again). From start to finish (and well beyond, they hope and pray to some demon seed), this regime has had just one agenda: to benefit the rich and powerful. In retrospect, I believe much of the recent chaos in the market was orchestrated by the US Treasury and the Federal reserve with cooperation and support by the SEC. Starting two months ago, a number of banking stocks which were part of a hedging strategy by many were put on the do-not-short list and the stage was set to create some falling hedge fund/dominoes and to push and prod in just the right way to start the market wildly gyrating. The timing was impeccable, allowing this plan to be seemingly hatched as an emergency. Yet now I have little doubt that the plan has been a trap waiting to be sprung when they had helped orchestrate a high level of fear and anxiety and were ready with their absolute worst case talking points -- a complete meltdown, 500 trades from the abyss (what's that, about 1 second??), you won't be able to buy gas with your credit card, runs on every bank, and so on. Get 'em afraid for their lives and with their elected warts worried about getting reelected, we can push across anything, so wish for the sky, boys, wish for the sky. What they didn't count on is the incredible backlash coming from the American people. Mish, you have certainly done more than your share, multiple blogs a day. We have all recognized almost to a man/woman that this is wrong and that this is a crime. And to capitulate without a fight is tantamount to allowing a coup. Still hoping you get a hundred million hits a day, Mish. You've collected a bounty of terrific material for one and all to see that allows them to get outside the extreme little box presented by "King Henry," calm their nerves, get angry, and write their elected reps in Congress supporting alternatives. And to realize how insane it is to trust the people who brought us Iraq and this chaotic market with a banking sector in ruins to be the very same people to lead us out, with our money (for nothing), and them claiming absurdly that "this is the free market working things out so change nothing because the system works!"