So, last week the market
lost ten percent of the value, an amount measured in the trillions. The Dow dropped over 500 points on Friday
alone.
Then this morning, Monday
August 24, the market opened and dropped 1,200 more points. At first, the financial media panicked
because NO ONE predicted this would happen.
More important, in spite of China 's woes, there is nothing
going on in the world to trigger such a dramatic loss in value.
Miraculously, the market
recovered 1,000 points in the next hour or so, one of the fastest gains in
value in history. Right now, it is down
less than 200 points. For perspective,
the greatest daily loss in stock market history was 777 points, a level
surpassed for a couple of hours today, to the tune of five hundred points more
than the previous record.
This morning somebody continued
the false sell off of assets to drive the market down the most points in
history. When the market bottomed out
they started buying back the stock at a record pace at a massive scale. In the process somebody had to make trillions
of dollars in order to generate such a massive fall then gain in the market.
Did you make a small
fortune in a couple of hours this morning?
We know the computer programmed accounts on Wall Street made the gains. We know the wealthy just got a few trillion
dollars richer watching us lose billions of dollars.
Since none of this
investment capital is going to create jobs, create new businesses, or benefit
existing employees of corporate America ,
who did gain?
The same people that give
billions of dollars to our politicians to protect their own tax status and make
certain everyone else paid the cost, the very, very wealthy.
Someone in Washington , D.C.
has to stop them.
Is anybody listening?
.